Blockchain

Chainlink VRF Is Now Live On Arbitrum One To Promote dApps Build

Key Points:

Arbitrum and Chainlink have announced the availability of Chainlink VRF (Verifiable Random Function) on Arbitrum One.
Chainlink VRF is the industry’s most commonly used random number generator (RNG), having handled over 15.8 million request transactions.
The VRF offers blockchain-based applications with cryptographically safe randomization.

Chainlink, a decentralized blockchain oracle network and industry-standard Web3 services platform, and Ethereum Layer 2 scaling solution Arbitrum have announced the availability of Chainlink VRF (Verifiable Random Function) on Arbitrum One.

VRF offers an easy-to-use subscription management software for gaining access to a safe source of randomness, enabling smart contract writers to create the next generation of provably fair and scalable NFT and gaming apps.

This will provide developers with access to a well-known random number generator (RNG). On May 22, the Arbitrum Foundation and Chainlink will offer a VRF workshop.

According to the official press release, Chainlink VRF has joined the Arbitrum One platform. Arbitrum and Chainlink will gain from the launch since it will provide them access to new decentralized apps (dApps) and smart contracts created by developers.

Chainlink VRF continues to be the most widely used RNG (random number generator) in the cryptocurrency sector. It enables smart contract developers to create scalable, fair, and secure applications like as gambling and NFT. Moreover, Arbitrum One allows developers to create dApps at a cheap cost and with great throughput.

Johann Eid of Chainlink Labs remarked on Arbitrum’s merits in relieving Ethereum transaction congestion while maintaining security. He thinks that by improving VRF, Arbitrum’s remarkable speed will enable many new use cases.

“Ethereum Layer 2s like Arbitrum play a fundamental role in offloading transaction congestion from Ethereum without sacrificing the security needed to ensure the healthy growth of the blockchain industry. We’re excited about the use cases that can now be unlocked by optimizing Chainlink VRF to benefit from the incredible speed enabled by Arbitrum.”

Arbitrum One’s Chainlink VRF is a win-win scenario for both the Arbitrum and Chainlink communities. The VRF has completed over 15.8 million request transactions and is now providing verified randomization to over 6,300 distinct smart contracts across different blockchains.

Chainlink and Arbitrum have joined to assist developers in creating complex DApps that trigger crucial smart contract functionality. Arbitrum One’s Chainlink Automation automates important smart contract tasks in a decentralized way.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.