Hassan Maishera
The Avalanche Foundation announced via a blog post on Friday that LiveDuel will be leveraging an Avalanche Subnet to create a decentralized sports betting exchange built for the future.
LiveDuel is a decentralized sports betting platform built on blockchain to provide a fairer and more transparent experience than traditional sports betting sites. On Avalanche, LiveDuel will ensure immutable transaction records provide a clear audit trail, eliminating concerns about manipulation and fraud. Permissionless blockchains open doors to a global audience, unrestricted by geographical limitations. Finally, smart contracts automate processes, reducing costs and streamlining operations.
LiveDuel harnesses the power of Avalanche, aiming to offer a decentralized, transparent, and user-centric platform for the Avalanche community and beyond, the team concluded.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down by 5% so far today and currently trades at $32.17 per coin.
