What are the benefits of incorporating randomness into smart contracts for digital currencies?

1 answers

• May 08, 2022 · 3 years ago
  Randomness plays a crucial role in smart contracts for digital currencies. It adds an extra layer of security by making it difficult for malicious actors to predict the outcome of the contract. This helps protect against potential attacks and ensures the contract's integrity. Randomness also introduces fairness into processes like selecting winners in a lottery or determining the order of transactions. By incorporating randomness, smart contracts create a transparent and unbiased environment for participants. Moreover, randomness enables innovative features in digital currencies, such as random rewards or the random selection of validators in a proof-of-stake consensus mechanism. Overall, incorporating randomness into smart contracts for digital currencies offers enhanced security, fairness, and the potential for exciting new features.
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