Pyth Entropy launches secure randomness generator on-chain to bring fair play to blockchain apps, NFTs, and games

In the world of blockchain applications, such as games, NFTs, and DeFi protocols, ensuring fair and unpredictable outcomes relies heavily on secure randomness. However, the process of random number generation (RNG) on-chain has been challenging in the past.

That’s why Pyth Entropy, the largest First Party Oracle Network, the largest First Party Oracle Network with over 100 data providers, has stepped in to tackle the challenges associated with RNG by providing a reliable and secure solution. This solution is commonly used by EVM-compatible blockchains (Ethereum) such as games, NFT drops, and decentralized prediction markets. The goal is to enhance fairness and trust within various blockchain applications.

Today, Pyth Entropy announced the launch of its randomness generator on EVM networks including Blast, Chiliz Chain, Arbitrum, Optimism, Mode, and LightLink to deliver secure random numbers directly onto the blockchain. This launch opens up a reliable source of randomness on-chain for smart contract developers, facilitating seamless integration with minimal coding effort, thanks to its permissionless nature.

By delivering secure random numbers directly onto the blockchain, Pyth Entropy empowers smart contract developers with a dependable source of randomness, thereby fortifying the integrity of their applications. Moreover, the integration process is streamlined and permissionless, allowing developers to seamlessly incorporate Pyth Entropy with minimal coding effort.

The Need for Secure Random Numbers Generation On-Chain

The significance of trustless RNG cannot be overstated, particularly in the realm of Web3 applications where unpredictable outcomes are paramount. Whether it’s gaming dynamics, NFT rarity determinations, lotteries, or betting markets, Pyth Entropy’s launch addresses the community’s clamor for fast and cost-effective on-chain randomness solutions.

Blockchain applications across various sectors, including gaming and GameFi, NFT drops, and DeFi prediction markets, heavily rely on secure randomness to create unique experiences. For instance, gaming apps require unpredictable outcomes, while NFT minting relies on randomness for unique distributions. Additionally, betting markets need secure RNG for fair outcomes, such as in on-chain roulette or virtual horse racing.

However, generating secure random numbers on a blockchain presents challenges due to its deterministic nature. Developers require a reliable, decentralized, and cost-effective source of randomness to ensure fairness and security while meeting user expectations for uptime and responsiveness.

At the heart of Pyth Entropy’s protocol lies a sophisticated two-party commit-reveal mechanism, a cryptographic marvel that enables random number generation sans mutual trust. In the “Commitment Phase,” each party generates a secret random number, hashes it, and commits the hash to the blockchain. Subsequently, in the “Reveal Phase,” these numbers are disclosed and verified against the committed hashes, culminating in the final RNG derived from hashing the two revealed numbers together.

Since its inception, Pyth Entropy has been instrumental in fueling a wave of creativity and innovation across various projects. Notable ventures like FLAP, a bundle market for blue-chip NFT mints on Blast, Fungible Flip, a coin flip game offering true 50/50 odds on Blast, and SlashToken, a platform facilitating user-friendly NFT and token tooling for Web3 projects on Chiliz Chain, have already harnessed the power of the Entropy protocol.

James Ross, Founder of Mode, expressed enthusiasm about the launch, emphasizing its significance for developers constructing GameFi applications. According to Ross, “Entropy’s launch on Mode will enable devs building out GameFi to securely get random numbers on-chain. This has been highly demanded since our launch and we are excited to work with Pyth to grow the use of Entropy SDK.”

Similarly, Roy Hui, Co-Founder, and CEO of LightLink, lauded the seamless integration and reliability of Pyth Entropy, citing its pivotal role in powering innovative games during the LightLink Gasless Hackathon. Hui remarked, “The participants of the LightLink Gasless Hackathon had an excellent experience with Pyth Entropy and built innovative games with it. It is simple, reliable, and easy to integrate, and we witnessed several cool projects being developed.”

With Pyth Entropy spearheading the charge towards secure and reliable on-chain randomness, the future of blockchain applications looks promising, with fairness and trust firmly embedded at its core.