Keep Random Beacon

Our Engineering Lead Antonio Salazar Cardozo has written an article entitled “Why is Trusted Randomness so Important?” about the issues of accessing true randomness on public blockchains. Trusted randomness is a core foundation of decentralization. Without it, you need the involvement of a centralized player, oracle or other external entity, limiting the trust

Just like the Keep network, many decentralized autonomous organizations (DAOs) also require trusted randomness. The core to the success of DAOs lies in trustless group selection, allowing them to govern without the vulnerabilities of a centralized power role. Trusted randomness makes it possible for networks to remain independent and for their users to remain autonomous.

He expanded on the reasoning behind focusing on building Keep Random Beacon, and why it has to be the first component of Keep privacy Protocol to be deployed to the Ethereum mainnet in 2019. You can read the article here.

As we get closer to launching the Beacon, we will be publishing more posts about how it works and why it matters. Meanwhile, have a look at our random beacon alpha API demo and Keep’s random beacon in action posts, as well as at our approach on the road to mainnet.