PancakeSwap Using Chainlink VRF

Published on: 15.07.2021

PancakeSwap using Chainlink VRF for Provably Fair Way to Draw Lottery Winners.

As the industry’s leading secure and auditable RNG, Chainlink VRF provides a provably fair source of randomness used to select winners in our Lottery V2 application, along with a supporting cryptographic proof that verifies the RNG process as tamper-proof.

The integration of Chainlink VRF, lottery players can rest assured that all users have an equal opportunity of winning prizes while enjoying the fun new game.

Integrating Chainlink VRF was very important to bringing undeniable fairness and transparency to our random number draws, as any user can independently audit the integrity of the RNG to verify that it’s unbiased, unpredictable, and manipulation resistant.

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.

About PancakeSwap

PancakeSwap is decentralized exchange and 1st Automated Market Maker and Yield Farming on Binance Smart Chain.

PancakeSwap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.

➡️Source:
https://pancakeswap.medium.com/why-were-using-chainlink-vrf-as-a-provably-fair-way-to-draw-lottery-winners-f1da41af125f

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