Pyth Network is excited to announce the official deployment of its on-chain random number generator, Pyth Entropy, on the mainnet.

Oracle project Pyth Network The launch of Pyth Entropy on the mainnet has been confirmed, empowering developers within the community to leverage this tool. Arbitrum , Blast, Chiliz Chain, Fantom, LightLink and Optimism Developers can now seamlessly integrate Pyth Entropy directly into their mainnet environments for enhanced functionality.

Pyth Entropy serves as a pivotal resource for developers creating decentralized applications where the generation of random outcomes is vital for fairness, like in social interactions, lotteries, and prediction markets, mitigating risks of manipulation. NFT s, gaming As stated by Marc Tillement, the Director at the Pyth Data Association, 'Numerous blockchain applications rely on a dependable source of randomness to create unpredictable outcomes and unique user experiences. Sectors such as gaming and NFTs greatly benefit from this. For instance, developers of gaming applications can harness Entropy to deliver random events, design levels, or introduce challenges for users.'

Pyth Entropy employs a dual-party commit-reveal mechanism that enhances secure random number generation; this approach allows two parties to generate random numbers independently while maintaining trust.

During the commitment phase, both parties generate a confidential random secret, hash it, and share the hash without revealing the numbers. In the subsequent reveal phase, each party discloses their random numbers, enabling the other to confirm they match the previously committed hashes. The ultimate secure random number is derived by hashing the two disclosed numbers.

Additionally, Pyth Entropy strengthens this methodology to boost its security measures during blockchain transactions. It allows one party to commit to a multitude of random numbers upfront, cutting down the number of necessary operations. Furthermore, it incorporates the blockhash from the blockchain into the equation, adding yet another layer of randomization. blockchain The integration of Pyth Entropy is designed to be open and permissionless, having been incorporated into various market-centric projects such as FLAP, Fungible Flip, and SlashToken. Future integration within native blockchains of Estfor Kingdom is also on the horizon.

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Pyth Network launches both Pyth Price Feeds and Pyth Entropy on the Blast blockchain.

The Pyth Network operates as a financial data oracle network, delivering asset price information to multiple blockchains. By collaborating with exchanges, market makers, and trading firms, Pyth aggregates essential price data on-chain for smart contract utilization. Airdrops Calendar .

With support for over 400 live data feeds that cover cryptocurrencies, stocks, foreign exchange pairs, and commodities, Pyth has facilitated more than $120 billion in trading across 50 different blockchain ecosystems.

Recently, Pyth Network released Pyth Price Feeds and Pyth Entropy on the Ethereum Layer 2 blockchain, enabling smart contract developers on Blast to access numerous low-latency price feeds covering various asset classes. The addition of Pyth Entropy is geared towards enhancing user experiences in the Web3 ecosystem within Blast.

According to Marc Tillement from Pyth, 'Smart contract developers should anticipate the advantages brought by Pyth Entropy, regardless of the blockchain they are utilizing. A strategic aim for Entropy is expanding its blockchain coverage while continually improving aspects like gas costs and system reliability, essential for developers.' ETF Please be aware that the content provided here is not intended to serve as legal, tax, investment, or financial advice. It’s crucial only to invest what you can afford to lose and to consult with a financial advisor if any uncertainties arise. For additional details, we recommend reviewing the terms and conditions along with the help and support resources provided by the advertiser or issuer. MetaversePost is dedicated to delivering accurate and impartial reporting, however, market dynamics can shift without prior notice.

Alisa, a passionate journalist with Cryptocurrencylistings, focuses her reporting on cryptocurrency, zero-knowledge proofs, investment strategies, and the rapidly developing Web3 environment. With her sharp insight into emerging technologies and trends, she provides in-depth coverage to keep readers informed and engaged in the digital finance landscape. Blast Enso, LayerZero, and Stargate have joined forces to orchestrate one of the most significant liquidity migrations on Ethereum towards Unichain.

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