Crypto Analytics

Quantum Mechanics-Based Random Number Generator to Enable Blockchain Gambling

  • The solution is available on more than a dozen blockchains, and there are plans to expand it to additional protocols in a relatively short period of time
  • Most “random” number generators actually have a limited data set, the startup Blockworks said

A random number generator that relies on quantum mechanics to generate intelligent, contract-driven data sets backed by blockchain technology has been rolled out on more than a dozen cryptocurrency protocols.

API3, in partnership with a group of researchers from the Australian National University Quantum Optics Group, has called its new product AI13 GRNG the first “true” random number generator for smart contracts.

Ten of the 13 blockchains the startup is launching on do not yet have a random number generator, Blockworks said. Some of these protocols use a random number generator that doesn’t use quantum technology – meaning their dataset is limited, or in technical jargon a “pseudo-random number”.

A truly randomized data set combined with blockchain technology enables crypto gambling number grouping that cannot be manipulated to suit the needs of the house. Now, to generate random numbers, startups, the company says, use a “random” seed phrase that can be used to predict – and potentially exploit – the data set if the owner or a nefarious third party so desires.

“Let’s say we take something simple, like a coin flip for example,” said Ugur Mersinlioglu, product manager at API3. “If you have a conflict with a ‘pseudo’ random number, you will eventually find that certain patterns will repeat themselves… Whereas if you have a process that spits out practically no recognizable pattern, you can actually say that this is not capable is [manipulation] by anyone.”

The quantum randomness in this case comes from measuring the random fluctuations in phase and amplitude of an electromagnetic field in a vacuum.

The service is available on blockchains such as Avalanche, Fantom, Metis, Moonbeam, Polygon and RSK – with plans for more future integrations.

The company doesn’t make any money from random number generation, instead using it as a loss-maker for its other product lines, such as its oracle solutions and data integration services, including a validation pool that relies on its native token to work.

. .

The quantum mechanics based random number generator to enable blockchain gambling is not financial advice.

Source: Crypto News Austria

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button