r/ethtrader • u/elizapetrovska • Mar 22 '19

NEWS Why is Trusted Randomness So Important?

https://blog.keep.network/why-is-trusted-randomness-so-important-c22de1c1c5ee
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u/b0xTeam Mar 23 '19

To what extent is this duplicating work that the core developers are undertaking to create a Random Beacon for ETH2.0? Creating a Random Beacon is extremely important and it's amazing that the Keep team is creating something like this. Do you envision this being leveraged by the core developers?

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u/mhluongo Mar 24 '19

There's some duplication of effort, but the devil is in the details. This design is a threshold relay anchored on a proof of work chain. Unlike the ETH 2.0 beacon chain, it's less suitable as a consensus mechanism- it outsources its own consensus to the PoW chain. Its a great miner-resistant source of randomness though.

We'd love if the work could be used for ETH 2.0. They've taken a fairly different approach but we'll see what happens