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Home»Blockchain»Chainlink VRF upgrades to version 2.5 for faster scaling
Blockchain

Chainlink VRF upgrades to version 2.5 for faster scaling

2024-04-30No Comments3 Mins Read
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The most used random source in Web3, Chainlink VRF, has been significantly updated to version 2.5. The innovative iteration is now available on the Arbitrum, Avalanche, BNB Chain, Ethereum, and Polygon mainnets and includes several new features to help developers scale faster and more sustainably.

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

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

— Chainlink (@chainlink) April 29, 2024

Chainlink VRF v2.5 improves payment flexibility with LINK compatibility

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

This simplifies billing for dApps, developers and end users of Chainlink billing technology. Another development is more predictable pricing. Instead of charging a flat LINK amount, VRF v2.5 enforces a premium calculated on the gas cost of the VRF callback. As a result, costs are simple for developers and they can maintain costs through fair pricing.

Chainlink VRF v2.5 facilitates the upgradeability of the protocol for developers. The developer-friendly solution includes a brand new migration feature in the VRF smart contracts that allows developers to smoothly upgrade to the next version of their VRF integration. This simplifies the upgrade process and allows developers to take advantage of new functionality and other improvements in future versions of Chainlink VRF.

See also  Coinbase's Base L2 market share in NFT and DeFi is growing

Chainlink VRF adoption grows among Web3 projects

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

Chainlink VRF adoption continues to evolve, allowing top Web3 projects and Web2 companies to benefit from a new layer of transparency and verifiability in their operations. Major multinational gaming companies 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 become a crucial building block in the Web3 foundation.

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Chainlink Faster Scaling Upgrades version VRF
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