Nois and Injective Unite to Elevate Web3 Fairness: Introducing On-Chain Randomness Functions
Dear Web3 Enthusiasts,
We are thrilled to announce an exciting partnership between Nois and Injective that marks a significant milestone in the world of decentralized applications. With the launch of our new integration, developers and dApps within the Injective ecosystem can now harness the power of Nois to create truly unique and transparent decentralized systems that prioritize fairness across the board.
The Importance of On-Chain Randomness Functions
In the Web3 realm, achieving true decentralization requires randomness to ensure fair and unpredictable outcomes for users. Whether it’s selecting a user to receive a special airdrop or fetching oracles for DeFi apps, randomization plays a pivotal role in guaranteeing fairness and fraud resistance.
What is Nois?
Nois presents a groundbreaking solution to the longstanding challenge of establishing reliable and unbiased sources of randomness within distributed networks. Acting as a dependable oracle for randomness, Nois leverages a robust infrastructure to bring on-chain randomness generated by the distributed randomness beacon (drand) and disseminates it across Injective via IBC (Inter-Blockchain Communication). This establishes Nois as an invaluable resource for dApp developers in need of trustworthy randomness for their applications.
How Does It Work on a Technical Level?
Let’s delve into the technical workings of our integration to bring on-chain randomness to Injective:
- A smart contract or dApp built on Injective sends a message to a Nois proxy contract, which then responds with additional information about the job.
2. The proxy contract transmits an IBC message to its counterpart on the Nois Network, where the job is placed in the queue.
3. Once the correct round’s drand beacon is released, a network of bots forwards it to the Nois Network for verification.
4. After successful verification, the pending jobs for the round are processed, and for each matching job, an IBC response with the beacon is sent.
5. The proxy contract receives the beacon and sends a callback to the original contract.
The Advantages of Nois Integration with Injective
This groundbreaking integration brings a host of benefits to both ecosystem builders and users alike. For builders, integrating the Nois-proxy contract on Injective grants direct access to unpredictable randomness from Nois. This randomness beacon proves invaluable in the development of innovative products, ensuring a higher level of security and reliability for their creations.
For users, the integration translates to seamless participation in dApps such as games, lotteries, and governance, fostering trustlessness and transparency throughout their experiences.
Introducing the First Use Case: Randdrop (NOIS Token)
To celebrate the integration of Nois with Injective, we are thrilled to introduce Randdrop — an exclusive community airdrop for random Injective stakers!
Unlike traditional airdrops where all eligible wallets receive fixed allocations, Randdrop selects a subset of stakers to receive a larger share of tokens. The selection process is mathematically unpredictable, unbiased, and provable, ensuring a fair distribution for all participants.
Here are the key details:
- Allocation amount to Injective stakers: 4.1 million NOIS tokens
- - Snapshot: Taken on May 23rd — height: 34080000
- - Minimum staked: 0.6 INJ; Cap: 6,000 INJ
- - Check your eligibility here: [Link]
Join us in celebrating this momentous collaboration between Nois and Injective, as we forge ahead in creating a more transparent and secure Web3 environment powered by on-chain randomness functions. Together, we empower developers and users to thrive in a truly decentralized world.
Stay tuned for more exciting updates and innovations from the Nois team and Injective ecosystem!
[Disclaimer: All information provided in this post is based on the status as of the knowledge cutoff date in September 2021. For the latest updates and developments, please refer to official sources.]
