Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Fantom ($FTM) Partners With Chainlink ($LINK) to Give Developers On-chain Randomness

CryptocurrencyMay 20, 2021 11:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Fantom ($FTM) Partners With Chainlink ($LINK) to Give Developers On-chain Randomness

Fantom, one of the world’s fastest growing blockchain platforms has announced it is working alongside Chainlink ($LINK), the most popular and trusted decentralized oracles provider. Chainlink also expanded their tech to ensure verifiable randomness, which is now natively available on Fantom.

Fantom sees thousands of users utilising daily for a variety of purposes, including information security and crypto-currency transactions.

The platform prides itself on completing transactions for investors within just one second, at a fraction of the cost of what other comparable platforms offer.

It’s also fully EVM compatible, giving developers the ability to deploy smart contracts just like on other platforms such as Ethereum.

Some of these smart contracts rely on randomness and unpredictability to ensure security and fairness - something Fantom has been actively aware of since its inception.

Chainlink provides this very ability purpose built for smart contracts, using its Chainlink Verifiable Random Function, or VRF.

Designed according to leading academic research and backed up by multiple security audits and time-tested use by developers, Fantom will be implementing the Chainlink VRF as the recommended random number generator solution for all Fantom developers wanting to utilise it within their applications.

This ease of access opens up a world of possibilities for developers using Fantom, giving developers the ability to leverage the Chainlink VRF to create low-cost gaming, DeFi and NFT offerings that are augmented and protected by randomness.

Put into practice, this gives developers the ability to ensure fair distribution of limited-edition financial assets, random assignment of rare NFT titles, as well as unpredictable in-game scenarios.

While this all may sound like commonsense and seems relatively fool proof, the process to reach this point hasn’t exactly been smooth sailing for those attempting to develop a solution.

In fact, random number generation solutions are often subject to large scale manipulation by blockchain miners who use their ability to order transactions at such a large scale as a method of delaying the publication of a random number. This delay can then be used to wait out the system until it produces a figure more favourable to them.

Chainlink’s solution manages to bypass this problem, ensuring a high degree of security by authentication each generation request before providing a result.

The integration of Chainlink’s tool is yet another example of Fantom working hard to ensure the needs and desires of developers utilising the platform are met natively, without reliance on outside third-parties.

For example, Fantom has recently developed a partnership with AnySwap, giving those using the platform for cryptocurrency transactions the ability to diversify their portfolios directly within the Fantom platform.

An agreement of cooperation between SpiritSwap for use on Fantom has also been formulated, with a direct link to accessible directly from it’s website.

Fantom has also shown its belief in supporting developers to strive through monetary means as well, having given grants to SpiritSwap and SpookySwap in recent weeks as a thank-you for ongoing support. ZooCoin and HyperJump also received grants from the company, which were utilised for community giveaways.

Continue reading on BTC Peers

Fantom ($FTM) Partners With Chainlink ($LINK) to Give Developers On-chain Randomness

Related Articles

EOS Climbs 12% As Investors Gain Confidence
EOS Climbs 12% As Investors Gain Confidence By - Dec 08, 2021 - EOS was trading at $3.6163 by 19:48 (00:48 GMT) on the Index on Thursday, up 11.82% on the day. It was the largest one-day percentage gain since...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email