Alpha Guilty Integrates Chainlink VRF
Alpha Guilty, an all-in-one platform for launching NFTs, has integrated Chainlink Verifiable Random Function (VRF) on the Ethereum mainnet.
By integrating the industry-leading decentralized oracle network, they now have access to a tamper-proof and auditable source of randomness needed to help bring verifiably fair NFT giveaways to their platform. Ultimately this creates a more exciting and transparent user experience, as users now have a fair chance to obtain NFTs of differing rarities in provably random giveaways.
Alpha Guilty is a community-governed platform built to help launch and promote emerging NFT and play-to-earn projects. They regularly hold token sales for promising projects and prioritize young NFT artists and potentially transformational companies. They also strive to provide the best purchasing experience for their community members.
How Partnership works?
To help add additional incentives to participate in project launches and token sales, they needed 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. For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators. In contrast, off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof of the integrity of the process.
After reviewing various solutions, 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.
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 Alpha Guilty smart contract will only accept the random number input if it has valid cryptographic proof. 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 that NFT giveaways using Chainlink VRF are provably fair. And also they were not tampered with by the oracle, outside entities, or the Alpha Guilty team.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. They provide smart contracts with a way to reliably connect to any external API. And also leverage secure off-chain computations for enabling feature-rich applications. They currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries. And also offers global enterprises and leading data providers a universal gateway to all blockchains.
About Alpha Guilty
Alpha Guilty is an all-under-one-roof solution for launching and promoting NFT and play-to-earn projects. Alpha Guilty is a part of Cosima Capital, a crypto fund that brings together professional managers. And also analysts with many years of experience in capital and cryptocurrency markets. It actively helps fund promising projects and support them with marketing promotion and team-building support.
SOURCE: MEDIUM
