Chainlink VRF Is Live On Arbitrum One

Decentralized Blockchain oracle network and Chainlink, an industry-standard Web3 services platform, and Ethereum Layer 2 scaling solution Arbitrum, announced the launch of the Chainlink Verifiable Random Function in Arbitrum One. This will give developers access to the leading random number generator in the Blockchain industry. In addition, Chainlink and the Arbitrum Foundation will hold a workshop for VRF on May 22.

According to the press release, Chainlink VRF has started to be implemented in Arbitrum One. Thanks to the collaboration of the two altcoin projects, developers will be able to use the advantages of both Chainlink and Arbitrum in smart contracts and decentralized applications.

Chainlink VRF is the most widely adopted random number generator in the cryptocurrency industry. It enables smart contract developers to build secure, scalable and fair applications such as NFT and gaming. Moreover, building on the Arbitrum One optimistic rollup has the advantages of high-throughput and low-cost decentralized implementation. Johann Eid, Vice President of Market Entry at Chainlink Labs, acknowledged the important role Arbitrum plays in eliminating transaction bottlenecks on the Ethereum network without compromising security, and said:

We are excited about the use cases we can now unlock by optimizing Chainlink VRF to take advantage of the incredible speed that Arbitrum provides.

Chainlink VRF on Arbitrum One stands out as a win-win opportunity for both the Arbitrum and Chainlink communities. Chainlink VRF processes over 15.8 million transactions and currently provides verifiable randomness to more than 6,300 unique smart contracts across multiple blockchains. Chainlink and Arbitrum have recently collaborated to help developers build advanced decentralized applications that leverage core smart contract features. Chainlink Automation on Arbitrum One decentralizes core smart contract features. Chainlink has also collaborated with Optimism, Coinbase Cloud, SWIFT and other companies for further innovation.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.