iBetYou

This project is an experimental customer-facing solution in bringing Ethereum or, more specifically, smart contracts, advantages to the average internet user and explaining its benefits straightforwardly. There are multiple layers of the solution that will be obvious to the user as he progresses through the system. The idea is to slowly lead the user through the concepts like smart contracts, lending protocols, prediction markets, decentralized dispute resolution without first trying to explain it to them. Our hope is they will understand them intuitively through examples and the end value they produce.

When a bet is created, any person can join in betting according to how much certainty of winning they have. The bets are deposited in a smart contract until the time of expiration of the bet, after that and in a first stage the IBY team will decide who is the winner and automatically the funds will be distributed in proportional parts among all those who won