Quip Network Introduces Quantum Randomness for Smart Contracts
Article Content
- •QVRF provides verifiable quantum randomness for Ethereum smart contracts.
- •Each random number includes a transcript for independent verification.
- •The system is designed to be cross-chain compatible, enhancing its utility.
Quip Network has launched a new method called Quantum Verifiable Random Function (QVRF) to provide truly random numbers for Ethereum smart contracts. This innovation addresses the inherent challenges of randomness in deterministic blockchain systems, where existing solutions rely on secret keys or elliptic-curve math that are vulnerable to future quantum attacks. QVRF utilizes measurements from quantum hardware, ensuring that each random number comes with a verifiable transcript for independent validation. The system aims to enhance security in applications like lotteries and key generation, where the integrity of randomness is crucial. Currently, access to QVRF is available through a request process, with the first live application already deployed on Ethereum. The method is designed for cross-chain compatibility, promoting broader adoption across different blockchain networks.
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