Mon, November 25

Chainlink VRF Deployed on Ethereum Layer 2 Scaling Solution Arbitrum One

Chainlink (LINK) Poised for Bull Run as Market Recovers Blockchain News
  • On May 22nd, Chainlink and the Arbitrum Foundation will be presenting a VRF workshop.
  • Chainlink VRF has fulfilled more than 15.8 million request transactions.

Ethereum Layer 2 scaling solution Arbitrum and the decentralized blockchain oracle network Chainlink have announced the release of Chainlink Verifiable Random Function (VRF) on Arbitrum One. This gives programmers access to one of the most popular RNG used in the blockchain industry.

On May 22nd, Chainlink and the Arbitrum Foundation will be presenting a VRF workshop. Chainlink VRF has been deployed on Arbitrum One, according to an official news release. This will allow developers to reap the advantages of both Chainlink and Arbitrum in their future smart contract and decentralized application creations.

Banking on VRF

The crypto industry has utilized Chainlink VRF more than any other RNG. It allows NFT and gaming apps to be built by smart contract developers in a way that is safe, scalable, and fair. The benefits of a single optimistic rollup for dApps include high throughput at minimal cost. To alleviate Ethereum transaction congestion without compromising security, Arbitrum plays a vital role, as admitted by Johann Eid, VP of Go-To-Market at Chainlink Labs.

Both the Arbitrum and Chainlink communities benefit from the implementation of Chainlink VRF on Arbitrum One. In addition to providing verified randomization to more than 6,300 distinct smart contracts across several blockchains, Chainlink VRF has fulfilled more than 15.8 million request transactions.

Chainlink and Arbitrum have formed a partnership to aid developers in creating cutting-edge DApps that activate crucial smart contract features. Key smart contract operations may be automated in a decentralized fashion using Chainlink Automation on Arbitrum One. Moreover, Chainlink has formed strategic alliances with forward-thinking businesses such as Optimism, Coinbase Cloud, and SWIFT.

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Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.