DegenStreetBets Integrates Chainlink VRF, DegenStreetBets is a gaming and betting platform that pays homage to the earlier enterprises of the human mind.
DegenStreetBets — a Web3 gaming and betting platform — has integrated Chainlink Verifiable Random Function (VRF) on BNB Chain mainnet. By integrating the industry-leading decentralized oracle network, they now have access to a tamper-proof and auditable source of randomness needed to ensure that the Coin Flip game is underpinned by verifiable randomness. As DegenStreetBets Integrates Chainlink VRF.
On the DegenStreetBets platform, players can bet on the outcomes of simple games of chance such as coin flips. In the future, they plan to add more games, support new currencies, and integrate cross-chain capabilities. Additionally, DegenStreetBets will also be launching 500 yield-bearing NFTs that will give holders access to a share of the platform revenue in weekly distributions.
In order to ensure fair gameplay and betting outcomes, we 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.
“DegenStreetBets favors the beauty of simplicity. While there are many coin flip games out there, integrating Chainlink VRF helps ensure gaming outcomes are determined in a provably fair manner.” — Unwise Trader, Founder of DegenStreetBets
Chainlink is the industry standard for building, accessing, and selling oracle services. Needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API. Leverage secure off-chain computations for enabling feature-rich applications.
Combining the sheer capacity of blockchain utility and these universally lauded games. Furthermore, DegenStreetBets aspires to be at the very forefront of fusing entertainment and creativity into the Web3 fabric and landscape while maintaining the concept of transparency of the blockchain via Web3 gaming.