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- On May 22nd, Chainlink and the Arbitrum Foundation will host a VRF workshop.
- Chainlink VRF has processed over 15.8 million request transactions.
The Ethereum Layer 2 scaling solution Arbitrum and the decentralized blockchain oracle network Chainlink have announced the launch of Chainlink Verifiable Random Function (VRF) on Arbitrum One. This provides developers with access to one of the most widely used RNGs in the blockchain sector.
On May 22nd, Chainlink and the Arbitrum Foundation will host a VRF workshop. According to an official announcement, Chainlink VRF has been implemented on Arbitrum One. This will enable developers to take advantage of both Chainlink and Arbitrum in their upcoming smart contract and decentralized application developments.
Banking on VRF
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The cryptocurrency sector has leveraged Chainlink VRF more than any other RNG. It enables NFT and gaming applications to be developed by smart contract creators in a manner that is secure, scalable, and equitable. The advantages of a single optimistic rollup for dApps include high throughput at low cost. To mitigate Ethereum transaction congestion without sacrificing security, Arbitrum plays a crucial role, as noted by Johann Eid, VP of Go-To-Market at Chainlink Labs.
Both the Arbitrum and Chainlink communities gain from the deployment of Chainlink VRF on Arbitrum One. In addition to offering verified randomization to over 6,300 unique smart contracts across various blockchains, Chainlink VRF has processed more than 15.8 million request transactions.
Chainlink and Arbitrum have established a collaboration to assist developers in building innovative DApps that activate essential smart contract functionalities. Key smart contract processes can be automated in a decentralized manner using Chainlink Automation on Arbitrum One. Furthermore, Chainlink has formed strategic partnerships with progressive companies such as Optimism, Coinbase Cloud, and SWIFT.
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