- Smart contract raz algorithm
Ethnite is the first raz algorithm that runs on ethereum smart contracts. A raz algorithm is essentially a segment of code secured by a smart contract that records entries, executes an arbitrary drawing and awards the winner. Players simply select their number(s) and pay for their entries. After all slots are filled, a winner is drawn via the smart contract and paid out. Ethnite minimizes the number of players allowed per raz(game) in order to maximize player odds.