Chainlink VRF has launched on the Ethereum mainnet, providing users with a source of verifiable randomness directly on-chain. No-loss savings game Pool Together is live using ChainLink VRF to securely and fairly select random winners in its v3 release.
For those who do not know what the PoolTogether V3 Protocol – it improves randomness generation by utilizing the Chainlink VRF. Therefore integrating this makes it possible for the protocol to randomly-choose prize pool winners without having for them to depend on the core team.
ChainLink VRF launch is part of the continual expansion of the Chainlink Network as a means of providing various inputs to smart contracts. Learn more about why verifiable randomness is important & what new applications are now possible on-chain.
For those who do not know what is Chain VRF, it is a secure RNG (random number generator) that is purpose-built for smart contracts which generates a provably fair source of on-chain randomness.
Those who are new or existing smart contract developers and want to build with ChainLink VRF, visit our documentation to deploy a testnet contract in Remix or integrate Chainlink VRF into your dApp on mainnet.
In response one of the community member replied, “Let the bullish uptrend continue to 120 roi.”
Sergey Nazarov tweeted: A discussion about smart contract insurance with Sid Jha of Arbol Market, which is providing live weather insurance to various emerging markets using ChainLink oracles. One next generation idea is the use of insurance premiums for collateral within DeFi.”
Sydney Ifergan, the crypto expert tweeted: “ChainLink (LINK) kept doing their best with their Oracles and the integrations never ends. It simply increases every day and serves the best use for those who integrate it.”
Chainlink are continuously striving to make more unique data sets available on-chain. They have suggested that their users Integrate their recently launched sCEX/USD price feed to provide your dApp with reliable price data for a basket of centralized exchange tokens, already used & supported by Synthetix_io.
Synthetix is the derivatives liquidity protocol providing the backbone for derivatives trading in DeFi.
IoT data provider, PingiotNetwork are set to use Chainlink oracles to service numerous blockchain networks. ChainLink opens new use cases for their data like relaying IoT events on-chain, automating supply chain payments, confirming shipping fulfillment and more. Of note, Ping is a Decentralized Transmission Network for the IoT.
Agoric are Java-script enabled blockchain they have integrated ChainLink on testnet for DEFi price feeds. Having access to Chainlink’s high-quality data and provably secure oracles simplifies smart contract creation for JS devs, the world’s largest developer community.
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