RATE Group | Chainlink Brings Verifiable Randomness to Ethereum
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Chainlink Brings Verifiable Randomness to Ethereum

17 May Chainlink Brings Verifiable Randomness to Ethereum

Posted at 17:34h in Cryptocurrency News by

On May 11, Chainlink (Link) announced the launch of a verifiable random function (VRF) that enables generation of on-chain trusted randomness. Ii is undergoing security review on the testnet where it is available for integration testing. Initially, it will work with the Ethereum (ETH) blockchain.

Benefits to gaming

Although this may sound like something that only mathematicians or rocket scientists would care about, it has quite a few very practical applications. Chainlink’s co-founder and CEO, Sergey Nazarov, speaking to Cointelegraph, pointed out how it would solve some of the problems inherent to gaming:

“In blockchain gaming, the thesis is that my decentralized blockchain-based game will be something that’s immune to the problems of centralized gaming. And the problems of centralized gaming is mainly focused around ideas that either the people who created the game, manipulated it to their benefit, or they devalued the goods in the game or they show they closed down or…

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