Company
Date Published
Author
Chainlink
Word count
823
Language
English
Hacker News points
1

Summary

Chainlink VRF (Verifiable Random Function) is now live on the Ethereum mainnet, offering a secure and provably fair source of on-chain randomness for blockchain applications, which is crucial for functions like gaming, Non-Fungible Tokens (NFTs), and smart contracts. This launch highlights the importance of reliable randomness in protecting against security vulnerabilities associated with traditional RNG methods, such as miner attacks on on-chain RNG or centralization risks with off-chain RNG. By providing cryptographically proven randomness, Chainlink VRF enhances trust and transparency, enabling developers to create innovative applications such as random NFT generation, gameplay elements, and fair participant selection processes. The initiative marks a significant expansion of the Chainlink Network's capabilities, encouraging developers to explore new on-chain functions and further advancing the scope of smart contract applications.