From Fomo3D to Lottery DAPP: Analysis of Ethereum-Based Gambling Applications
Xu Long, Yishun Wang, Xiaoqi Li
TL;DR
The paper addresses the security and reliability challenges of Ethereum-based gambling DApps by analyzing a high-profile case (Fomo3D) and designing a practical Ethereum lottery DApp. It combines a security-focused critique of RNG and identity-verification weaknesses with a concrete implementation, including a Solidity-based lottery contract and a React/Web3 frontend deployed on a testnet. Key contributions include a structured vulnerability analysis, a design blueprint for decentralized lottery systems, and a working prototype that demonstrates automated lottery operations, transparent draws, and on-chain governance of bets and payouts. The work highlights the potential for improved transparency, automation, and decentralization in online lotteries while acknowledging current limitations in randomness and user experience, and it points to concrete avenues for future enhancements with real randomness sources and UI improvements.
Abstract
As blockchain technology advances, Ethereum based gambling decentralized applications (DApps) represent a new paradigm in online gambling. This paper examines the concepts, principles, implementation, and prospects of Ethereum based gambling DApps. First, we outline the concept and operational principles of gambling DApps. These DApps are blockchain based online lottery platforms. They utilize smart contracts to manage the entire lottery process, including issuance, betting, drawing, and prize distribution. Being decentralized, lottery DApps operate without central oversight, unlike traditional lotteries. This ensures fairness and eliminates control by any single entity. Automated smart contract execution further reduces management costs, increases profitability, and enhances game transparency and credibility. Next, we analyze an existing Ethereum based gambling DApp, detailing its technical principles, implementation, operational status, vulnerabilities, and potential solutions. We then elaborate on the implementation of lottery DApps. Smart contracts automate the entire lottery process including betting, drawing, and prize distribution. Although developing lottery DApps requires technical expertise, the expanding Ethereum ecosystem provides growing tools and frameworks, lowering development barriers. Finally, we discuss current limitations and prospects of lottery DApps. As blockchain technology and smart contracts evolve, lottery DApps are positioned to significantly transform the online lottery industry. Advantages like decentralization, automation, and transparency will likely drive broader future adoption.