Leading blockchain oracle solution API3 announced the release of “the first true random number generator for smart contracts” dubbed API3 QRNG. Now live, API3 QRNG renders randomness by employing quantum mechanics, unlike previous mathematical-based random number generators.
API3’s True Random Number Generator
At this time, a considerable amount of decentralized applications (dApps) rely on pseudo-random computer algorithms. While verified (pseudo) random functions are accessible, they frequently require high fees and still risk failing. API3 QRNG uses random numbers generated by measuring a fluctuating quantum system to guarantee erratic randomness.
“The laws of quantum physics guarantee that certain measurement outcomes must be random. This allows us to generate a fast stream of unbiased random numbers that cannot be predicted beforehand.”
– Syed Assad, researcher at ANU
Furthermore, through API3’s first-party oracle system, data providers bring information directly to the consumer without the interference of intermediaries. Available on several blockchain platforms, including Polygon, Avalanche, and Fantom, API greatly exceeds the accessibility offered by leading alternatives.
“A mission of API3 is to further accelerate the development of Web3. We’ve already made strides by forming the largest association of API providers in the decentralized ecosystem, and today we mark a new milestone by bringing the very first true random number generator – utilizing the gold standard of quantum random number generation – to blockchain applications.”
– Heikki Vänttinen, co-founder of API3.
Moreover, API3 will not charge users to employ API3 QRNG to expand accessibility further. As a result, consumers will only pay the gas fees needed to call the API and receive a response and will not face any additional premium payments for number generation. As the API3 looks to continue its expansion through blockchains, we look forward to seeing the effect they bring to the Web3 community as they evolve.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
