The ultimate open source betting protocol.

PolyCash makes it easy to launch robust digital currencies with advanced functionality. PolyCash is designed for P2P betting currencies but can also be used for other types of crypto assets.

PolyCash is a protocol for stablecoins and PolyCash currencies derive their values from pegged assets like dollars, bitcoins, commodities or intellectual property.

PolyCash currencies can be pegged to the dollar and issued by bookmakers who charge a small fee on each bet placed.

Currencies can also be launched which are not pegged to any other asset but instead have a free floating value determined by supply and demand. Pegged coins are more centralized because they rely on pegged assets being held in escrow (often in traditional bank accounts). Non-pegged coins are more decentralized because they do not require any assets to be held in escrow, but avoiding forks is more challenging.

In P2P betting currencies, the odds for betting events are determined by player bets rather than being set by the house. Bets are placed and paid out at the protocol level and therefore players hold the private keys to their bets in contrast to traditional betting systems where bets are held by third parties until being paid out.

Each PolyCash currency uses a blockchain such as Bitcoin or Litecoin, and PolyCash is compatible with many different blockchains. PolyCash is an implementation of the "colored coins" concept. PolyCash crypto assets use a small amount of litecoins or bitcoins to represent ownership, but these coins which are used for the private keys should not be confused with the pegged assets from which PolyCash pegged coins derive their value.

PolyCash relies on the UTXO model and is closely tied to Bitcoin's design. But PolyCash builds on Bitcoin with an innovation that we call the "conditional value UTXO". This innovation enables P2P prediction markets, and is applicable to things like sports betting where bets pay out at a fixed amount (aka binary options). PolyCash's conditional value UTXO paradigm is also applicable beyond binary options. The Virtual Stock Market game below shows how conditional value UTXOs can be used to create crypto assets on the blockchain which track the value of stocks like AMZN and AAPL.

PolyCash also includes functionality for creating crypto gift cards. You can use PolyCash to create your own line of business cards with a small amount of bitcoin or altcoins on each card. Or create prepaid crypto cards tied to larger amounts of coins which can be sold for cash in person or at retail locations.

To learn more about PolyCash, please scroll down and join one of our featured games. Or learn more by following these links:

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