- Chainlink’s Verifiable Random Function (VRF) officially partners with the Binance Smart Chain
- Developers within the BSC platform gain access to the oracle solution
- Binance is one of the crypto platforms that offer low fees using its BSC technology.
Chainlink’s Verifiable Random Function (VRF) officially partners with the Binance Smart Chain (BSC). As a result, this partnership enables the developers within the BSC to have access to a tamper-proof and a verifiable source of on-chain randomness.
Truly, this collaboration makes the BSC community excited over the technology that Chainlink VRF and BSC can create together.
In addition, Chainlink VRF enables the developers within the BSC platform to have access to the oracle solution. Therefore, developers using the oracle technology can have a secure and reliable gateway to off-chain data and computation.
Aside from the developers, the users of the BSC can also benefit from the technology of the Chainlink VRF. To be specific, this technology includes: assigning the rarity of NFTs or loot boxes once generated, choosing winners for on-chain lotteries and governance jurors and Establishing queues for in-demand token launches and popular events.
With these recent developments on the BSC, we can say that Binance continues to be competitive against its competitors. Currently, Binance is one of the crypto platforms that offers low fee using its BSC technology. As a result, traders and investors that use the BSC continue to increase every day.
Today, the Binance Smart Chain has over 31 billion in total value locked (TVL) as it continues to support new DeFi projects.
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