- Transmute Protocol has adopted Chainlink VRF randomness solution
- With the help of such a solution, Transmute have solved a series of problems related to gaming and betting
- Recently it is observed that the services being offered by CHainlink are being rapidly adopted
Transmute Protocol, an on-chain alchemy-themed offering provably fair games to its users on the Ethereum blockchain. Recently it was revealed in an announcement by the project that it has found what exactly it was lacking. However, the solution to the problem of Transmute is provided by the Chainlink VRF randomness solution. Indeed, Chainlink is now powering the trustless, provably fair games of luck, which became possible because of the Chainlink VRF randomness solution introduced at such a good time, after the protocol just had its Ethereum Mainnet debut.
Chainlink solving the gaming and betting problem of Transmute
Gaming and betting have always posed a series of problems on the platform of Transmute. Before the Chainlink VRF randomness solution launch, the need for reliable and affordable on-chain randomness remained a largely unresolved issue for Transmute. However, the addition of such a solution by Chainlink has solved the problem of every underlying smart contract. However, the protocol has plans to play out their project’s first step more safely, as lack of caution can lead to an abrupt and unpleasant end.
Chainlink to bring blockchain technology to real world
Chainlink is offering modern contract solutions for traditionally complex problems to developers. By enabling smart contracts with on-demand access to different types of data feeds, the network has established itself as one of the essential pillars of the DeFi sector. With all the listed services, the addition of VRF services to the mainnet of Chainlink, the developers will now also be able to create verifiable random functions to generate on-chain randomness.
The adoption of Chainlink’s services is skyrocketing
A couple of days before, Paxos revealed in a press release about the adoption of Chainlink Oracles. It is known that using the Chainlink network, Paxos desires to increase the adoption of its USD and Gold-backed tokens in DeFi. According to Walter Hessert, the head of the Paxos strategy, with the proof of Reserve and price available on-chain, their regulated assets will become more accessible for the users of decentralized finances.
However, After Paxos, on Saturday, Transmute Protocol has adopted another service, the Chainlink VRF randomness solution. With the help of Chainlink, the protocol is now having a chance for a successful transmutation, which is provided based on some formulae. Now, the protocol will be able to access a provably fair source of on-chain randomness for its token swap game. However, the blockchain technology will ensure that the protocol’s players receive verifiable fair odds of winning.
|Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.|
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?