BISWAP INTEGRATES CHAINLINK VRF

Published on: 31.07.2022

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.

­

ABOUT BISWAP

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.

Website | Twitter

­

About Chainlink

Website | Twitter

­

SOURCE

https://biswap-dex.medium.com/biswaps-squid-nft-world-game-uses-chainlink-vrf-to-select-winners-in-350-000-bsw-jackpot-b167e49f2bdd

­

REQUEST AN ARTICLE
Market Stats:
BTC Dominance: 57.79%(-0.53%/24h)
ETH Dominance: 12.25%(+0.22%/24h)
Defi Market Cap: $98.24B(+9.71%/24h)
Total Market Cap: $3371.31B(+0.56%/24h)
Total Trading Volume 24h: $203.07B(-9.09%/24h)
ETH Market Cap: $413B
Defi to ETH Ratio: 23.79%
Defi Dominance: 2.79%
Altcoin Market Cap: $1423.06B
Altcoin Volume 24h: $159.82B
Total Cryptocurrencies: 32384
Active Cryptocurrencies: 10184
Active Market Pairs: 90838
Active Exchanges: 762
Total Exchanges: 9614
BTC: 98463.41$(0.12%/1H)
ETH: 3428$(0.32%/1H)
AVAX: 42.54$(-0.26%/1H)
BNB: 669.88$(0.73%/1H)
MATIC: 0.58$(-0.09%/1H)
FTM: 0.91$(1.68%/1H)
ADA: 1.06$(0.33%/1H)
DOT: 8.93$(-0.61%/1H)
UNI: 11.27$(1.95%/1H)
CAKE: 2.54$(5.78%/1H)
SUSHI: 1.1$(-1.11%/1H)
ONE: 0.02$(-4.26%/1H)