KnightSwap Integrates Chainlink VRF

Published on: 09.02.2023
KnightSwap Integrates Chainlink VRF

KnightSwap Integrates Chainlink VRF, allowing users to have stronger assurances that the raffle uses a provably fair RNG that can’t be tampered with.

By integrating the industry-leading decentralized oracle network, KnightSwap now have access to a tamper-proof and auditable source of randomness to help power their raffle system. This creates a more exciting and transparent user experience. As KnightSwap Integrates Chainlink VRF.

Chainlink VRF

works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The KnightSwap raffle 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 our users with automated and verifiable assurances directly on-chain that the raffle is provably fair and was not tampered with by the oracle, outside entities, or KnightSwap team.

“We are excited to integrate Chainlink VRF into our raffle system as it helps provide our users with a transparent and fair experience. We believe that this integration will greatly enhance the user experience on our platform.” — Wizard, KnightSwap CTO

­

About KnightSwap

A decentralized exchange built on BNB Chain that provides users with a fast and secure platform to trade and receive rewards. With a focus on integrity, reliability, and user experience, KnightSwap is constantly integrating with high-quality Web3 projects and developing new features and tools to make trading on the blockchain more accessible, secure, and enjoyable.

Website | Twitter

­

Website | Twitter

­

SOURCE: MEDIUM
Market Stats:
BTC Dominance: 56.69%(+0.06%/24h)
ETH Dominance: 13.67%(+0.14%/24h)
Defi Market Cap: $72.8B(+8.20%/24h)
Total Market Cap: $2235.54B(+1.98%/24h)
Total Trading Volume 24h: $57.8B(+27.02%/24h)
ETH Market Cap: $305.08B
Defi to ETH Ratio: 23.86%
Defi Dominance: 3.11%
Altcoin Market Cap: $968.19B
Altcoin Volume 24h: $34.82B
Total Cryptocurrencies: 31684
Active Cryptocurrencies: 9878
Active Market Pairs: 86478
Active Exchanges: 751
Total Exchanges: 9390
BTC: 64099.19$(-0.21%/1H)
ETH: 2538.77$(0.78%/1H)
AVAX: 29.5$(-0.79%/1H)
BNB: 581.13$(0.15%/1H)
MATIC: 0.37$(0.34%/1H)
FTM: 0.69$(-0.23%/1H)
ADA: 0.36$(-0.14%/1H)
DOT: 4.26$(0.09%/1H)
UNI: 7.88$(0.6%/1H)
CAKE: 1.86$(0.12%/1H)
SUSHI: 0.77$(0.23%/1H)
ONE: 0.01$(-0.29%/1H)