Chainlink VR – the Verifiable Random Function is live and kicking on the Ethereum Mainnet. This will generate a highly secure and great source of on-chain randomness for blockchain applications. VRF will give an undeniable decentralized source of randomness to facilitate further the project’s decentralized architecture and ecosystem.
Many projects are already using Chainlink VRF live in production so as to secure the most critical and significant smart contract functions. Centaur and UniLend are using it for a fair randomized selection of public sale participants and PoolTogether also is one such project that uses VRF for random selection of prize pool winners in its V3 release. Other projects like Aavegotchi, Polyient, and Get Protocol also are in the loop for the same.
Chainlink’s co-founder Sergey Nazarov said that many blockchains apart from Ethereum, especially the ones which are focused on gaming like Matic Network are interested in deploying the project’s VRF. He further added:
“The V3 PoolTogether Protocol creates a true “money lego” for no loss prize games. An essential component of this is generating randomness. Using Chainlink VRF lets us move away from a less secure and centralized system to a decentralized one.”
VRF requires heavy computation which is exorbitantly priced in terms of Ethereum fees compared to the regular scale Chainlink Oracles. The co-founder has implied that the team has been continuously working on VRF for some years now. He also mentioned that in these years of VRF conceptualization, a lot of changes have taken place in the Ethereum landscape.
“But then the gas price dynamics were very different and there were a lot more games on Ethereum. So interestingly enough, I think what’s going to happen with Chainlink VRF, it’s now going to successfully launch with a number of users on Ethereum mainnet. But those are the users that are still on Ethereum for gaming. And many users for gaming have now started to move to other more gaming-specific, which is then also where we’ll have Chainlink VRF soon as well.”
The launch of VRF goes on to show that when oracles are reliable it can go a long way in ensuring accurate price feeds for the DeFi ecosystem. But at the same time, generating as well as continuously providing fair randomness on-chain for gaming, Non-fungible tokens and various other applications needing unpredictability is where VRF showcases its benefits.
It also goes on to prove that Chainlink is on a continuous expansion. It is extending the types of data and computation which the users can get through its oracle networks. In this manner, it is greatly increasing the number and variety of applications that the smart contract developers can build.
Nazarov believes are already adopting some form of randomness generation techniques but many are also not willing to endure the hiccups in the process of a decentralized alternative.
“Once in a while in the gaming industry, you see these kinds of flashes of concern from users, you see some gaming sites somewhere frontrunning users from inside the gaming site, or you see a scandal with some gambling thing that’s regulated but some employee still was playing the game and they still were able to win against other players. And I think whenever those happen, those bigger firms do start to seek additional solutions.”