Ferrum Community, a blockchain and cryptocurrency companies ecosystem, as we speak introduced that it now integrating oracle resolution Chainlink for quite a few totally different initiatives.
The primary integration is already stay. Ferrum Community is using Chainlink VRF (Verifiable Random Operate) to find out the addresses for presale token allocations in a provably truthful and tamper-proof method.
Moreover, Ferrum Community will make use of Chainlink VRF to find out awarded participant’s pockets addresses in presale allocations for high-demand token launches; together with different randomly generated lists on account of future initiatives.
Chainlink VRF is a Verifiable Random Operate used to generate random numbers and ship them on-chain to sensible contracts. Whereas oracles are usually recognized for relaying information on-chain; Chainlink has expanded its oracle networks to additionally carry out a wide range of scalable, low-cost, and verifiable off-chain computations on behalf of sensible contracts. Considered one of these being their common VRF service.
Securing Ferrum’s Cross-Chain Token Bridge with Chainlink
Except for including on-chain utility with verifiable safety, Ferrum will additional use Chainlink oracles to boost the standard, safety, and robustness of its cross-chain token bridge.
UREEQA, a Ferrum Community incubated mission was not too long ago launched to the Chainlink Labs group…
Simply days after conversing, UREEQA launched a sequence of NFTs from MLB Dwelling Run Derby runner-up, Trey Mancini; with all proceeds going to most cancers analysis. Chainlink VRF was used to pretty assign bonus rewards, together with autographed memorabilia, to pick out NFTs now and sooner or later.
“We’re very excited to see Chainlink VRF getting used inside our advisory companies for provably truthful and unbiased token allocations. In addition to shifting ahead on extra promising and synergistic work between the 2 initiatives. We consider that these integrations will add an immense quantity of worth to each the Ferrum and Chainlink communities.”
– Ferrum Network Co-Founder Ian Friend