Biswap integrates Chainlink VRF to access to a secure random number generator (RNG) that any user could independently audit.
Biswap aims to make users’ experiences fun and also fair. In order to help select provably random winners, they need access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. As Biswap Squid NFT World Game integrates Chainlink VRF.
Why Biswap Chose Chainlink VRF
For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators, while off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof about the integrity of the process.
They selected Chainlink VRF because it’s based on cutting-edge academic research, supported by a time-tested oracle network, and secured through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts.
The Squid NFT World smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides their users with automated and verifiable assurances directly on-chain.
Biswap is the first DEX platform on the market with a Multi-type Referral Program and the lowest platform transaction fees (0.1%). They are a decentralized exchange platform for swapping BEP-20 tokens on the BNB Chain network. This network guarantees superior speed and much lower network transaction costs.
Chainlink is the industry standard for building, accessing, and selling oracle services. Needed to power hybrid smart contracts on any blockchain. Their oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications.