Polygon aim is to be the platform that provides these and more, and the Chainlink VRF integration places it one step forward in making this happen.
Polygon, formerly known as the Matic Network has announced the launch of Chainlink Verifiable Random Function (VRF) on its mainnet, giving smart contract developers direct and unrestricted access to a secure and provably fair source of on-chain randomness in the blockchain industry. According to a blog post shared by the decentralized finance platform, the move is targeted at helping to bring scalability and unique functionality to the growing DeFi ecosystem.
Chainlink VRF is a Random Number Generator (RNG) solution purpose-built for smart contracts. With the technology, a user-supplied seed value and oracle node private key are used to generate a random number, as well as an on-chain cryptographic confirmation for the integrity of the VRF process.
The combination of the seed and proof helps register the probity of the tool to produce entropies that are authentic and tamperproof. Coupled with an earlier deployed solution dubbed the Chainlink Price Feeds, Polygon developers can build highly scalable and provably secure DeFi protocols and on-chain gaming dApps.
Why Polygon Chainlink VRF Integration Should Be Embraced
It is the world wherein decentralized finance is gradually gaining increasing embrace. To propound the mainstream adoption of this emerging ecosystem, a network with good throughput and low transaction fees is required. Polygon aim is to be the platform that provides these and more, and the Chainlink VRF integration places it one step ahead in making this happen.
The use cases of the tool are most pronounced when deployed into smart contracts, Non-fungible token (NFT) applications, and gaming dApps. The randomness generated by the Chainlink VRF toolset can be queried many times but in a cost-efficient manner.
The tool can also be used for seeding specific collectible traits, original loot boxes, and rare in-game artifacts, and Polygon’s Chainlink VRF powered smart can creatively introduce random elements within gameplay like map generation, critical hits, and matchmaking.
Other use cases as detailed include but not limited to selecting random winners in on-chain lotteries or jurors for on-chain governance, and whitelisting addresses for in-demand token launches, or generating queues for attending popular events and buying rare items.
“As more and more gaming and NFT applications launch on the Polygon Network to save on gas fees, it has become clear that a secure source of on-chain randomness is a fundamental requirement to unlock a variety of smart contract designs. Chainlink VRF provides Polygon developers the most secure form of verifiable randomness, ensuring applications always operate in an unbiased and provably fair manner,” said Polygon Co-Founder Jaynti Kanani expressed excitement on the integration.
Building interoperable digital tools have helped advanced the provisions of blockchain technology and decentralized finance applications in general. Polygon is leveraging this reality to make its platform more functional, user-friendly and the go-to place for everyone with a vested interest in the space.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.