drand: Publicly-verifiable Randomness Explained
Knighting Filecoin into Verifiable Randomness
The randomness beacon helping to “secure democracy”
drand: the Distributed Randomness Beacon
drand: The Time Lock Encryption Go Library
Paste Lock: A Time Lock Encrypted Social Media App
drand: Distributed, Bias-resistant, Unpredictable Randomness
The Randomness Summit 2023
Filecoin and Randomness
Time Lock Encryption using Random Beacons
The Internals of drand
Using drand and Time Lock Encryption
Looking Back on 3 Years of running drand
How a Decentralized Randomness Beacon Could Boost Cryptographic Security
League of Entropy Launches Production drand Network
‘League of Entropy’ & How It Wants To Help Get Truly Random
League of Entropy forms to offer Acts of Public Randomness
Introducing the League of Entropy
The League of Entropy is making randomness truly random
League of Entropy (Wikipedia)
The Random Number Generator for the IBC WorldUnited States; Germany; Singapore
US-West-2; EU-Central-1; AP-Southeast-1
pl1-rpc.mainnet.drand.sh:4444; pl2-rpc.mainnet.drand.sh:443; pl3-rpc.mainnet.drand.sh:443
Protocol Labs, creators of IPFS & Filecoin, co-founding the League of Entropy & pioneering Decentralized Randomness
Protocol Labs, renowned for its innovative projects like IPFS and Filecoin, has taken a significant step forward by co-founding the League of Entropy (LoE). This collaborative consortium utilizes the drand protocol, developed and maintained by Randamu, to provide decentralized, verifiable randomness as a service. drand plays a critical role in enhancing the security and fairness of digital systems by delivering unbiased and unpredictable random numbers, crucial for blockchain, cybersecurity, and beyond.
Challenges
Protocol Labs encountered several challenges that led to the co-foundation of the League of Entropy:
- Centralized Randomness Risks: Dependence on centralized randomness sources, which could be vulnerable to attacks and manipulation, posed a significant security risk.
- Scaling Reliable Randomness: As Protocol Labs grew, ensuring the scalability of reliable and secure randomness across their decentralized systems became increasingly challenging.
- Building Trust: Establishing wider trust in decentralized networks necessitated a robust, transparent solution for randomness generation.
Results
The formation of the League of Entropy has yielded substantial results for Protocol Labs and the broader community:
- Enhanced Decentralization: By leveraging drand, Protocol Labs facilitated a move towards more decentralized and less biased randomness sources.
- Improved Security and Scalability: The multi-party computation model of drand enhances security and allows the protocol to scale seamlessly across various applications.
- Established Trust: The publicly verifiable nature of drand's randomness has helped Protocol Labs strengthen trust in their platforms and with their users.
Summary
The initiative to co-found the League of Entropy represents a major advancement for Protocol Labs in its mission to build a more secure, resilient, and equitable internet. By integrating drand into its core projects, Protocol Labs has not only addressed fundamental challenges related to randomness generation but also set a new standard for the technology's deployment at scale. This collaboration underscores their commitment to innovation and leadership in the field of decentralized technology. The participation in the League of Entropy enables Protocol Labs to further solidify their dedication to enhancing the infrastructure for the decentralized web, offering significant benefits to the wider ecosystem.
"In a drand network, there is no single point of failure or bias that could corrupt or otherwise compromise drand’s randomness," notes David Dias from Protocol Labs, highlighting the transformative potential of this initiative.
For more information on Protocol Lab’s innovative projects and their pivotal role in the League of Entropy, please visit Protocol Lab's official website.