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Chainlink VRF Upgrades to Version 2.5 for Faster Scaling

source-logo  blockchainreporter.net 29 April 2024 15:49, UTC

The most widely used random source in Web3, Chainlink VRF, has been significantly updated to increase to version 2.5. The innovative iteration is now available on the Arbitrum, Avalanche, BNB Chain, Ethereum, and Polygon mainnets and contains several new features to help developers scale more rapidly and sustainably.

#Chainlink VRF has just been upgraded to help dApps scale faster and more sustainably.

Introducing Chainlink VRF v2.5, bringing several enhancements, including low-friction billing, more predictable pricing, & improved UX for upgrading to future versions. https://t.co/nx1kzEdq3H

— Chainlink (@chainlink) April 29, 2024

Chainlink VRF v2.5 Enhances Payment Flexibility with LINK Compatibility

Chainlink VRF v2.5 includes several upgrades and modifications to improve developer use and integration ease. The improvement in Chainlink VRF v2.5 also mentioning affordable is low-friction billing. Chainlink technology now enables payment of fees via Link that is compatible with various assets and Chains.

This simplifies billing of dApps, developers, and end-users of Chainlink billing technology. Other development is more predictable pricing. Rather than charging a fixed LINK amount, VRF v2.5 enforces a premium calculated on the VRF callback’s gas costs. As a consequence, the cost for developers is straightforward, and fair pricing allows them to maintain costs.

Chainlink VRF v2.5 eases the upgradability of the protocol for developers. The developer-friendly solution involves a brand-new migrate feature in the VRF smart contracts that enables developers to smoothly upgrade to the subsequent version of their VRF integration. This way, the upgrade process is simplified, and developers can benefit from new functionality as well as other enhancements in future versions of Chainlink VRF.

Chainlink VRF Adoption Grows Among Web3 Projects

Chainlink VRF has now become the industry-standard random number generator in Web3, defending across-the-board, random outcomes and interactions within countless blockchain applications like gaming, NFTs, art, and many more. Chainlink VRF integrates off-chain computation with on-chain cryptography to provide verifiable randomness that is both secured and resistant.

Chainlink VRF adoption continues to advance, enabling top Web3 projects and Web2 firms to benefit from a new layer of transparency and verifiability in their operations. Major multinational gaming firms and brands, including Lotte Group, the NBA, and Nexon’s MapleStory Universe, have already turned to Chainlink VRF for both their NFT plans and creating seamless user experiences.

This recent Chainlink VRF upgrade to v2.5 marks a crucial stage in the development of this technology in the context of decentralized applications. With faster scaling and more environmentally friendly options for developers, Chainlink VRF is destined to be a crucial building block in the Web3 foundation.