Cryptocurrency Q&A
How does taraxa generate randomness?
How does taraxa generate randomness?
Tommaso
Sat Aug 17 2024
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7 answers
1760
Could you please elaborate on the mechanisms that Taraxa employs to generate randomness? Are there specific algorithms or processes in place that ensure the randomness is both unpredictable and secure? Additionally, how does Taraxa's approach to randomness generation compare to other blockchain platforms? Is there a unique aspect to their method that sets it apart?
7 answers
Michele
Mon Aug 19 2024
VRFs generate random numbers in a verifiable manner, meaning that anyone can verify the randomness of the generated numbers without revealing the underlying secret used to generate them.
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Stefano
Mon Aug 19 2024
This feature is essential for preventing malicious actors from manipulating the block selection process, as they cannot predict or influence the outcome of the VRF.
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CryptoQueenBee
Mon Aug 19 2024
Taraxa, a pioneering blockchain platform, has implemented innovative cryptographic mechanisms to enhance the security and fairness of its network.
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Chiara
Mon Aug 19 2024
Additionally, Taraxa has also incorporated Verifiable Delay Functions (VDF) into its network. VDFs are cryptographic functions that require a significant amount of computational power to compute but can be verified quickly.
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DigitalDragon
Mon Aug 19 2024
By using VDFs, Taraxa ensures that the block selection process is not only fair and unpredictable but also resistant to timing attacks, where an attacker attempts to manipulate the timing of block production to gain an advantage.
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