People have been using lotteries as a form of entertainment for over two thousand years. The first recorded signs come from the Chinese Han Dynasty. The Romans are also known to have played an early form of it. But now, with the revolutionary innovation of random number generation (RNG), crypto enthusiasts can be assured that they will enjoy fair and transparent lotteries that are provably fraud-resistant.
And best of all, RNG is being used to create lotteries where the odds are determined by mathematics and cryptography rather than tampering by humans or with computers! This means there is no way to manipulate the outcome and ensure a win for certain people. Not even the house! With these types of lotteries, everyone has an equal chance of winning!
Peerplays blockchain has a unique random number generator (RNG) that is used to provide draws feature for the 5050 dApp. With HIVE’s collaboration with Peerplays, the RNG is one of the many features that is coming to the network for the benefit and enjoyment of everyone.
This blog post will explore what Peerplays RNG is and how it works.
Meet Peerplays RNG
With Peerplays RNG, you can generate fair and secure random numbers. It’s also verified by Gaming Laboratories International. Which is an internationally recognized institute offering the most experienced and robust testing methodologies in this field. It meets all security standards for a reliable random number generator.
On a histogram plot, you can think of Peerplays RNG having Uniform Distribution, which is the one most sought after in gaming scenarios.
The RNG was initially added to a decentralized application called Easy5050. The goal was to provide a friendly draw feature for all players. The RNG ‘sweeps’ related calculations and returns the winner. It never returns the random number itself. Once the transaction is completed, the winner is announced. For more transparency and authenticity, you can always use Peerplays block explorer to go back and verify whether the random number is real or not. Provably fair.
Following the successful integration of Peerplays RNG into Easy 5050, it was later expanded to include an API and support games like Slots, Poker, Roulette, Raffle, Bingo, and Keno. And now the RNG can be used for charities, lotteries, or any sort of giveaway.
How the Random Numbers are Generated
The Random Numbers come from two blocks. First, they’re taken from the hashes of these two blocks and put in a data stream. Then this mixed number is encoded by an algorithm. Finally, you use this encoded data as seeds in the random number generator.
Block-hash randomness is a way that the hash of blocks is used as the source for randomness. Blocks are permanent additions to blockchains and this means that you can trust what was put on there rightfully belongs there.
Peerplays’ RNG uses Distributed Ledger Technology (DLT) to record, share, and synchronize transactions (also known as Nodes). DLT is incredibly important as it ensures that once the random number is generated, it is authentic and can’t be tampered with.
It’s only a matter of time before Peerplays uses the RNG for NFTs and incorporates it into the DEX. This will allow people to create charitable lotteries and participate in them.
You can always find more info about Peerplays’ RNG on this page.
Achieving Fair and Transparent Lotteries
Fairness is a hot topic in the world of lotteries. Peerplays RNG helps bring fairness and transparency to all sorts of giveaways, raffles, or any games that involve some speculation.
The RNG uses an innovative method and ensures there can be no manipulation or tampering with any part-of-process leading up until winners are announced!
Peerplays is bringing these benefits to your favorite network.
We are dedicated to empowering people’s freedom to create greater outcomes, giving them control over how they own and collaborate worldwide. The core foundation for Peerplays success in 2023 relies primarily on the release and promotion of mechanisms incorporating decentralized ID, gamification, and ‘handshake’ like onboarding that is easily accessible to people who use smartphones. At Peerplays, we are on a mission to revolutionize the world of blockchain technology and empower individuals with the freedom to take control of their digital lives. To achieve this ambitious goal, we are constantly on the lookout for the most talented individuals who share our passion for innovation and our commitment to decentralization. If you believe in the transformative potential of blockchain technology and are eager to contribute your skills and expertise to this groundbreaking project, we want to hear from you.