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[Day] Rings logo

[Day] Rings

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Ethereum
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News

Market Resilience Amid Bitcoin Price Fluctuations

Market Resilience Amid Bitcoin Price Fluctuations

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Despite concerns over market conditions, Bitcoin has shown resilience with a 25% rebound from recent lows.
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Tando Nkube

Bitcoin Long-Term Holder Supply Reaches 1.526 Million BTC

Bitcoin Long-Term Holder Supply Reaches 1.526 Million BTC

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The long-term holder supply of Bitcoin has climbed back to 1.526 million BTC, indicating a shift in market sentiment.
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Kofi Adjeman

Abu Dhabi Sovereign Wealth Fund Boosts Investment in Bitcoin ETF

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Mubadala Investment Company has increased its investment in BlackRock's iShares Bitcoin Trust, raising its stake to approximately $566 million.
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Satoshi Nakamura

What is [Day] Rings?

The very first round of [Day] Rings starts when a player deposits his bet on the empty stack. The bet needs to be equal to or higher than 1 Finney (0.001 Ether).

From the moment his or her transaction - depositStack() call - is confirmed in a certain block X, the round goes on for 5748 additional blocks - stackWait=5748 -, during which any other player can take part in the bet and stack the exact same amount.

If a player tries to deposit a bet which is lower than the current value - stackValue -, said bet won’t be added to the stack and the value returned to the player.

If a player deposits a bet which is higher than the current stackValue a change will be returned to the player once the bet is added to the stack.

Once the (X+5749)th block has been mined, a winner can be declared, either calling closeBet() or starting a new round with depositStack(). The winner is the user whose address, concatenated with the blockhash of the first block after the last one for which it was possible to enter the bet and passed through the hash function keccak256 and converted to an unsigned value - uint - returns the lowest value, or in other code words:

uint ( keccak256 ( abi.encodePacked ( blockhash ( stackTime + stackWait + 1 ), playerAddress )))

rolling playerAddress among the addresses of all the players who entered the bet to find the minimum.

The winner takes 98% of the stack.

2% of the stack goes to the the house.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.