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Chainlink Introduces VRF v2.5

Twitter icon  •  Published vor 2 Wochen  •  Hassan Maishera

Chainlink announced via a blog post on Monday that Chainlink Verifiable Random Function (VRF) v2.5 is officially live on Arbitrum, Avalanche, BNB Chain, Ethereum, and Polygon mainnets.

Chainlink announced via a blog post on Monday that Chainlink Verifiable Random Function (VRF) v2.5 is officially live on Arbitrum, Avalanche, BNB Chain, Ethereum, and Polygon mainnets. This new version introduces several key improvements for developers, including low-friction billing, more predictable pricing, and an enhanced UX that enables seamless upgrades to future versions.

The v2.5 upgrade introduces a new pricing model for calculating the fees paid per request. Furthermore, the VRF smart contracts now include a new migrate function that can be called by developers to upgrade their VRF integration to the next version, greatly simplifying the upgrade process.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 1% over the past 24 hours and is trading at $14.010 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.