Friday, March 5, 2021

VeChain Core Dev Team Implements VRF Library in Golang as Part of the Upgrade

According to a recent report, the VeChain core dev team has implemented a Verifiable Random Function (VRF) library in Golang as part of the VeChain 2.0 consensus upgrade.

The new development was shared via the official Twitter handle of VeChain Dev a few hours ago. The report added that the implemented VRF library has been published on Github.

“As a part of the VeChain 2.0 consensus upgrade, the VeChain core dev team implements a VRF function library in Golang and has published on Github. It follows the newest draft v6.”

Meaning of Verifiable Random Function (VRF)

Going by the report published on Github, a Verifiable Random Function (VRF) is the public-key version of a keyed cryptographic hash. The holder of the private key is the only one capable of computing the hash. However, anyone with the public key has the capability to verify the accuracy of the hash.

An important purpose of the VRF is to provide privacy against offline enumeration, such as dictionary attacks, on data stored in a hash-based data structure.

In this application, a Prover holds the VRF private key and makes use of the VRF hashing to construct a hash-based data structure on the input data.

Due to the nature of the VRF, only the Prover can answer queries about whether or not some data are stored in the data structure.

Sunny LU on the Design of VET/VTHO

The CEO of VeChain (VET) Sunny LU stressed on the design of the VET/VTHO and its readiness for business adoptions via his Twitter handle a few days ago.

In the tweet, he pointed out that the VeChainThor maintained its low cost of transactions at 100 TPS despite the 1-hour halt of Bitcoin mining and the spike of Ethereum gas fee.

This, he said, denotes the readiness of VET/VTHO for adoption across the board in the business world.

Sunny LU shared this, “Bitcoin mining halted for an hour, and Ethereum gas fee surges and VeChainThor maintains low cost of TXs at 100 TPS now. The design of VET/VTHO proves the readiness for business adoptions. Digitalization will be new kick of rises from ashes and Blockchain won’t miss the ride.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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