Distributed Random Beacons (DRBs) are essential for aiding in the decentralization of the blockchain.
30 Aug 2023, 20:46
🧋 Distributed Random Beacons (DRBs) are essential for aiding in the decentralization of the blockchain.
They ensure fairness, security, and trustworthiness by generating random numbers in a way that no participant or coalition of participants can predict or bias the outcome.
Boba Network's core contributors and others are proposing a more efficient DRB protocol using threshold cryptography, zk-SNARKs, and BLS signatures. The protocol is designed to produce pseudorandom values that are unique, publicly verifiable, unpredictable, and unbiased in a decentralized network.
This approach makes the cryptographic systems more practical for real-world use, while also makes it applicable to Ethereum and other blockchains.
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