Oraichain VRF v2.0 Successfully Joined Oraichain Mainnet As A Sub-Network
Oraichain VRF now is running in a fully decentralized manner with the participation of 23 executors. While the executors receive rewards for contributing to the generation and verification of random data, the random function is getting more secure and transparent.
VRF provides publicly verifiable and unpredictable values and Oraichain VRF is a fundamental oracle on Oraichain. We have implemented a sub-network for the service that runs in parallel with Oraichain Mainnet while the results are stored on Oraichain Mainnet. Our BLS-based algorithm for VRF is optimized to take multiple participants in the generation and verification of random data. This marks an important feature of Oraichain VRF as an oracle service.
With all of VRF Executors succeeding in running WebSocket clients to listen to the random requests, the creation of Oraichain VRF’s randomness now constitutes complete transparency and fairness between participants based on cryptographic algorithms and consensus protocol, which later results in great immutability and almost zero chance for manipulation. Oraichain VRF v2 also adds a coherent reward system for VRF Executors thanks to their computational contributions.
About Oraichain
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Oraichain data oracle platform aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Founded by Dr. Chung Dao, Oraichain’s mission is to be the portal between AI and blockchain technologies, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps leveraging AI.
