Blockchain Bets Betting Exchange - Bet Race Olympic Games Paris 2024
$14,000 in Prizes Up for Grabs! 🥇
We are just as excited as you for the upcoming #Olympics and we're thrilled to announce that we are bringing back our bet race tournament for the Paris Olympic Games 2024. There is also a little twist, where users will be able to win daily up to $250 in daily prizes!
Bet Race Olympic Games Paris 2024 Explained:
🔹The “Bet Race Tournament” offers you the chance to earn bonus points for bets that meet predefined criteria.
🔹Players with the highest bonus points will share the prize pool.Points are generated based on the minimum bet, total winnings, and pure winnings.
🔹With a grand total of $10,000 in prizes, the top 12 players will win big.
🔹Additionally, there will be daily $250 Bet Race prizes for the top 3 players, offering an extra $4,000 for our users to grab!
Prizes Breakdown:
🔸1st Place: $5,000
🔸2nd Place: $2,000
🔸3rd Place: $1,000
🔸4th Place: $500
🔸5th Place: $400
🔸6th Place: $300
🔸7th Place: $200
🔸8th Place: $200
🔸9th Place: $100
🔸10th Place: $100
🔸11th Place: $100
🔸 12th Place: $100
Daily Prizes Breakdown:
🔹1st Place: $100
🔹2nd Place: $80
🔹3rd Place: $70
Tournament Conditions:
🔹Minimum Point Amount: 1 USDT or equivalent in other currencies
🔹Bet Type: Single, Multi
🔹Minimum Odd: 1.01
🔹Markets: All markets
🔹Duration: 26/07 11:30 UTC - 12/08 11:30 UTC
Get ready to take your betting experience to the next level at Blockchain Bets Betting Exchange.
Visit our $BCB Betting Exchange: https://t.co/gC9kaZbEzK
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Destra Decentralized File Storage Beta - Development Update
This week, we are working on the Beta version of Destra Decentralized File Storage. We are currently focusing on adding optional end-to-end encryption to empower users to select an encryption design that best suits their needs. A project serving public assets might not require encryption, but an individual or an organization might find it necessary.
Once the encryption architecture of Destra's Decentralized File Storage is standardized, we will focus on routing mechanisms to optimize content delivery from retrieval nodes. We will continue to update the community on the developments of Destra Decentralized File Storage, which will be 100% decentralized.
Destra Network| True decentralized Storage solution
How Destra Decentralized File Storage solves the centralization issues in Filecoin & IPFS
Filecoin and IPFS have become synonymous with decentralized file storage, highly hyped alternatives to traditional centralized data storage systems. However, a deep dive into their architecture reveals a crucially centralized component: both networks rely on a set of centralized bootstrap nodes.
Whenever a new node wants to join the Filecoin or IPFS network, it must first communicate with these bootstrap nodes to obtain information about other peers, placing complete trust in the provided information. The Filecoin team operates these bootstrap nodes on centralized cloud servers. These nodes serve as the initial points of contact for new nodes entering the network, acting as directories to facilitate the network's mesh topology, and thus are critical components of the architecture.
Major Centralization Concerns:
1. Surveillance: Centralized nodes offer a concentrated point for surveillance. Authorities or malicious actors could target these nodes to gather data on user activities, node interactions, and network dynamics, posing significant privacy risks.
2. Central Control and Censorship: The operators of bootstrap nodes potentially wield significant control over the network. They can influence which parts of the network are more discoverable or enforce certain network rules, leading to a form of gatekeeping. This centralized control contrasts with the decentralization ethos of blockchain and peer-to-peer technologies.
3. Single Points of Failure: Bootstrap nodes act as central hubs through which traffic and connections are often routed, especially during the initial connection phase. This setup can create single points of failure. If these nodes are compromised, go offline, or experience technical issues, new nodes may struggle to integrate into the network, potentially taking down the whole network.
At Destra, we are building the Destra Decentralized File Storage to ensure that such centralization or pseudo-decentralization has no place in our architecture. As always, we are committed to our vision of 100% decentralization, delivering an unprecedented level of decentralization to our users and the broader ecosystem.
As we continue developing the Destra Decentralized File Storage, we will keep on publishing regular updates to our community.
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