After the establishment of VRF (verifiable random function) services on Avalanche, Oraichain is excited to announce its extended support for Dapps running on Fantom Opera mainnet. For the first time ever, the vibrant ecosystem of Fantom from Defi to NFT games can benefit from a fully decentralized and publicly verifiable random number generator.
Oraichain VRF decentralizes every shared part of the randomness generating process by automatically recovering the final group signature from a predetermined threshold of VRF executors and verifying the signature against the group public key. Transparency is then further enhanced by applying a hash function to generate the random value on-chain via smart contract.
Unlocking limitless possibilities with Oraichain’s VRF
With Oraichain VRF, Fantom developers are equipped with the infrastructure needed to quickly develop highly scalable and cost-efficient DeFi, NFT, and gaming products augmented by publicly verifiable randomness. There are many ways Oraichain VRF can be leveraged within a Dapp to achieve fairness and transparency for end users:
- Creating unpredictable in-game scenarios or match making
- Assigning rare NFT attributes for in-game items and characters
- Distributing limited-edition financial assets
- Selecting random airdrop winners from DeFi LP pools
- Randomly assigning duties and resources
- Choosing participants from a DAO or network validators for important decision making
- And yet many more possibilities.
Implementing Oraichain VRF 2.0 to Fantom-based Dapps with ease
It is completely possible for Fantom developers, or even individuals with limited knowledge of smart contracts to easily generate or verify a VRF value with Oraichain. The reason is that Oraichain VRF is designed to operate in a plug-and-play fashion, prioritizing ease of deployment without sacrificing security and quality. By the same token, verification is also simple because Oraichain VRF is built upon a layer-1 infrastructure i.e. Oraichain mainnet 2.0 with a built-in block explorer. Therefore, a query is all that is needed to verify a VRF output.
Oraichain
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Beyond data oracles, Oraichain aims to become the first AI Layer 1 in the Blockchain sphere with a complete AI ecosystem, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps. With AI as the cornerstone, Oraichain has developed many essential and innovative products and services including AI price feeds, fully on-chain VRF, Data Hub, AI Marketplace with 100+ AI APIs, AI-based NFT generation and NFT copyright protection, Royalty Protocol, AI-powered Yield Aggregator Platform, and Cosmwasm IDE.
Fantom
Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform.
Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.
Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source.
