League of Entropy: Not All Heroes Wear Capes
The League of Entropy, a consortium of global organizations and individual contributors, has introduced a decentralized randomness beacon called drand to generate publicly verifiable random values every sixty seconds. This initiative aims to provide unpredictable, unbiased, and verifiable random numbers for various applications such as lotteries, election auditing, and cryptocurrency platforms. The distributed nature of the beacon ensures that even if a few servers are compromised, the jointly-produced entropy remains fully unpredictable and unbiasable. Public randomness matters in ensuring transparency and fairness in various processes, and drand offers a solution to generate such random values securely.
Company
Cloudflare
Date published
June 17, 2019
Author(s)
Dina Kozlov
Word count
2030
Hacker News points
None found.
Language
English