Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Commemorating the League of Entropy's 5th Anniversary: An Interview with Paul Claudius, Co-Founder of DIA By: PRLog June 17, 2024 at 15:01 PM EDT REDMOND, Wash. & ZUG, Switzerland - June 17, 2024 - PRLog -- Happy 5th Anniversary to the League of Entropy! Today, we're speaking with Paul Claudius, Co-Founder of DIA, to discuss their involvement with the League and the importance of drand software in the evolving web3 landscape.Why is drand important for the next generation of the Internet?Paul Claudius: drand is a game-changer for the future of the Internet because it delivers decentralized, verifiable, and unbiased randomness—an essential component for many blockchain applications. As we advance toward a more decentralized web, the demand for robust security and fairness escalates. drand addresses this need by offering publicly verifiable randomness that can't be manipulated or predicted, ensuring fairness in processes like lottery draws, cryptographic key generation, and consensus protocols. This secure randomness is critical for building trust in decentralized systems, making drand a foundational protocol for web3 infrastructure.Generating random numbers in a deterministic system like a blockchain is tricky because everything must be verifiable and reproducible. If someone could predict or manipulate the random number, it would open doors for exploitation. drand, powered by the League of Entropy's distributed randomness beacons, is controlled by multiple independent entities, ensuring there's no single point of failure and no potential for bias. This makes it an indispensable tool for creating truly fair and tamper-proof applications in the blockchain space.Why did DIA decide to join the League of Entropy? What value did you see in drand that aligns with DIA's mission?Paul Claudius: DIA joined the League of Entropy because we understand how critical reliable and unbiased randomness is to build decentralized applications. drand's publicly verifiable randomness perfectly aligns with our mission to provide transparent and trustworthy data solutions. By joining the League, we contribute to and benefit from a global network committed to the highest standards of security and impartiality. This collaboration enhances our data verification processes, reinforcing the reliability of the information we provide to our users.Our mission at DIA is to offer the infrastructure needed for developers to build secure and robust applications. Random number generation is a vital component in this domain, essential for various on-chain applications, from lotteries to games and token distribution. Supporting the League of Entropy by joining it was a logical step. By operating a new node for drand, we aim to strengthen the network, enhancing its resilience and reliability. This supports our vision of providing robust and reliable multi-chain infrastructure for decentralized applications.How does DIA currently use drand in its oracle setup?Paul Claudius: We've developed a multi-chain random number generating oracle called DIA xRandom, which leverages drand's distributed randomness beacon to provide verifiable, unpredictable, and unbiased random numbers on-chain. This randomness oracle has been widely adopted by various dApps and recognized by L1/L2 foundations like Aleph Zero, Astar, Evmos, and Vara.We integrate drand's randomness beacon into our data validation processes to ensure the data we aggregate is accurate and unbiased. By incorporating drand, we add an extra layer of security and transparency, making our data feeds even more robust and reliable. This commitment to delivering high-integrity data is crucial for our users in the decentralized finance space and beyondDevelopers can learn to integrate DIA's randomness oracle through the following video tutorials:On-Chain Randomness Oracle | DIA Developer TutorialOverview of DIA xRandom #Randomness #Oracle | DIA Developer TutorialDeploying a #Randomness Consuming Smart Contract on #EVM chains with DIA xRandom #OracleHow has your partnership with Randamu, the stewards of drand, been working out?Paul Claudius: Our partnership with Randamu has been incredibly productive and rewarding. Randamu's stewardship of drand and the League of Entropy ensures the randomness provided is of the highest quality and truly decentralized. Working with Randamu has allowed us to integrate cutting-edge randomness technology into our systems seamlessly. Their expertise and dedication to maintaining drand's integrity have been crucial in enhancing our data services. This collaboration has also opened new opportunities for innovation and collaboration within the blockchain community.Where do you see drand and the League of Entropy in the next five years? What should they aim to achieve?Paul Claudius: In the next five years, I see drand and the League of Entropy becoming the gold standard for randomness in the digital world. We aim for drand to be widely adopted across various industries, ensuring fairness and security in all random processes, from gaming and lotteries to finance. The League should continue to expand, adding more nodes and participants, strengthening the decentralization and reliability of the drand network. Ultimately, our goal is for drand to be an indispensable public utility, fostering trust and transparency in all decentralized applications and systems.One exciting feature we're looking forward to is the customizable round length for each randomness beacon. While the current 30-second setup works well, a customizable, multi-frequency scenario could enable new use cases and applications, significantly enhancing the protocol's flexibility and utility.For more information on DIA's initiatives and their role in the League of Entropy, visit https://diadata.org and https://leagueofentropy.org.ContactRandamu, Inc.***@randa.muPhotos: (Click photo to enlarge) Source: Randamu, Inc.Read Full Story - Commemorating the League of Entropy's 5th Anniversary: An Interview with Paul Claudius, Co-Founder of DIA | More news from this sourcePress release distribution by PRLog Related Stocks: Dow Industrials SPDR Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Commemorating the League of Entropy's 5th Anniversary: An Interview with Paul Claudius, Co-Founder of DIA By: PRLog June 17, 2024 at 15:01 PM EDT REDMOND, Wash. & ZUG, Switzerland - June 17, 2024 - PRLog -- Happy 5th Anniversary to the League of Entropy! Today, we're speaking with Paul Claudius, Co-Founder of DIA, to discuss their involvement with the League and the importance of drand software in the evolving web3 landscape.Why is drand important for the next generation of the Internet?Paul Claudius: drand is a game-changer for the future of the Internet because it delivers decentralized, verifiable, and unbiased randomness—an essential component for many blockchain applications. As we advance toward a more decentralized web, the demand for robust security and fairness escalates. drand addresses this need by offering publicly verifiable randomness that can't be manipulated or predicted, ensuring fairness in processes like lottery draws, cryptographic key generation, and consensus protocols. This secure randomness is critical for building trust in decentralized systems, making drand a foundational protocol for web3 infrastructure.Generating random numbers in a deterministic system like a blockchain is tricky because everything must be verifiable and reproducible. If someone could predict or manipulate the random number, it would open doors for exploitation. drand, powered by the League of Entropy's distributed randomness beacons, is controlled by multiple independent entities, ensuring there's no single point of failure and no potential for bias. This makes it an indispensable tool for creating truly fair and tamper-proof applications in the blockchain space.Why did DIA decide to join the League of Entropy? What value did you see in drand that aligns with DIA's mission?Paul Claudius: DIA joined the League of Entropy because we understand how critical reliable and unbiased randomness is to build decentralized applications. drand's publicly verifiable randomness perfectly aligns with our mission to provide transparent and trustworthy data solutions. By joining the League, we contribute to and benefit from a global network committed to the highest standards of security and impartiality. This collaboration enhances our data verification processes, reinforcing the reliability of the information we provide to our users.Our mission at DIA is to offer the infrastructure needed for developers to build secure and robust applications. Random number generation is a vital component in this domain, essential for various on-chain applications, from lotteries to games and token distribution. Supporting the League of Entropy by joining it was a logical step. By operating a new node for drand, we aim to strengthen the network, enhancing its resilience and reliability. This supports our vision of providing robust and reliable multi-chain infrastructure for decentralized applications.How does DIA currently use drand in its oracle setup?Paul Claudius: We've developed a multi-chain random number generating oracle called DIA xRandom, which leverages drand's distributed randomness beacon to provide verifiable, unpredictable, and unbiased random numbers on-chain. This randomness oracle has been widely adopted by various dApps and recognized by L1/L2 foundations like Aleph Zero, Astar, Evmos, and Vara.We integrate drand's randomness beacon into our data validation processes to ensure the data we aggregate is accurate and unbiased. By incorporating drand, we add an extra layer of security and transparency, making our data feeds even more robust and reliable. This commitment to delivering high-integrity data is crucial for our users in the decentralized finance space and beyondDevelopers can learn to integrate DIA's randomness oracle through the following video tutorials:On-Chain Randomness Oracle | DIA Developer TutorialOverview of DIA xRandom #Randomness #Oracle | DIA Developer TutorialDeploying a #Randomness Consuming Smart Contract on #EVM chains with DIA xRandom #OracleHow has your partnership with Randamu, the stewards of drand, been working out?Paul Claudius: Our partnership with Randamu has been incredibly productive and rewarding. Randamu's stewardship of drand and the League of Entropy ensures the randomness provided is of the highest quality and truly decentralized. Working with Randamu has allowed us to integrate cutting-edge randomness technology into our systems seamlessly. Their expertise and dedication to maintaining drand's integrity have been crucial in enhancing our data services. This collaboration has also opened new opportunities for innovation and collaboration within the blockchain community.Where do you see drand and the League of Entropy in the next five years? What should they aim to achieve?Paul Claudius: In the next five years, I see drand and the League of Entropy becoming the gold standard for randomness in the digital world. We aim for drand to be widely adopted across various industries, ensuring fairness and security in all random processes, from gaming and lotteries to finance. The League should continue to expand, adding more nodes and participants, strengthening the decentralization and reliability of the drand network. Ultimately, our goal is for drand to be an indispensable public utility, fostering trust and transparency in all decentralized applications and systems.One exciting feature we're looking forward to is the customizable round length for each randomness beacon. While the current 30-second setup works well, a customizable, multi-frequency scenario could enable new use cases and applications, significantly enhancing the protocol's flexibility and utility.For more information on DIA's initiatives and their role in the League of Entropy, visit https://diadata.org and https://leagueofentropy.org.ContactRandamu, Inc.***@randa.muPhotos: (Click photo to enlarge) Source: Randamu, Inc.Read Full Story - Commemorating the League of Entropy's 5th Anniversary: An Interview with Paul Claudius, Co-Founder of DIA | More news from this sourcePress release distribution by PRLog Related Stocks: Dow Industrials SPDR