Blockchain
HPB Hardware Random Numbers serve as Security Cornerstone for Decentralized Applications
As an innovative blockchain project combining software and hardware for ultimate speed and security, the HPB blockchain proposes a distributed and verifiable hardware random number solution with a well-designed incentive mechanism.
Demand and application for randomness can be seen everywhere in our daily lives such as games, lotteries, sampling, fair distribution and so on.
“Every electronic device needs randomness and needs a lot of it,” Marcin Pawłowski at the University of Gdańsk stated that, “Randomness is necessary whenever you need security. Whenever you want secure communication, a cryptographic key must be generated. It has to be generated randomly so that no adversary can easily guess it… If someone can predict these numbers (it doesn’t have to be perfect–if he or she can guess some of them it’s enough), they can listen to your conversation.”
In our daily life, random numbers serve as an important medium for any fair and secure system.
The Risks in Random Numbers
In fact, the concept of a random number is not difficult to understand. It is a randomly generated number based on probability. Statistically, random numbers exhibit no predictable pattern or regularity, that’s why they are unpredictable and confidential.
In order to generate random numbers, a variety of methods were invented: the use of dice, roulette wheels, coin-flipping and other statistical methods; the use of the computer languages; the use of quantum mechanic principles and so on.
Currently, there are two main ways to obtain random numbers. One way is by only using software. For example, random numbers are obtained by creating a smart contract on Ethereum or by means of multi-stakeholder participation. The other way is to use hardware, where physical properties are directly obtained from the hardware to generate random numbers. However, both ways have their limitations. For instance, the software-based method is inefficient and easily manipulated, while the hardware-based approach makes random numbers unverifiable.
Technically, only the second method produces truly random numbers. The computer-generated numbers are considered “pseudorandom” because knowing how the program develops its computations makes it possible to predict these numbers, which only appear random.
Currently, many existing random number generators actually only produce pseudorandom numbers, whose values have already been predicted by computer programs. This is called a centralized random number generation system. The sequence of random numbers is very risky and will be manipulated by attackers, who can easily change the algorithms in the generation of random numbers. As mentioned above, not all the pseudorandom numbers are cryptographically secure.
The alternative to pseudorandom numbers are true random numbers, which can be derived from physical systems, such as the optical noise in lasers, radioactive decay in atoms, and hardware. A true random number taken from a physical system is not verifiably fair by nature. There is an example provided by Beacon from NIST (National Institute of Standards and Technology), even if the NIST got the entropy that was sampled from the radiation of the universe, they still knew the latest random numbers ahead of others and had the ability to select and interfere with the existing random numbers.
HPB‘s Decentralized Hardware Random Number Generator
Although the existing random number generators perfectly avoid some potential problems of randomness, uncontrollability and unpredictability, they still suffer from lack of security and verifiable fairness.
Consequently, people want to find a random number generator and release mechanism with provable fairness. A blockchain provides an decentralized network for verifiably fair random number generation. In addition to meeting the basic statistical requirements for random numbers, a useful random number generator on a public blockchain can be unpredictable, uncontrollable, unalterable and verifiably fair.
As an innovative blockchain project combining software and hardware for ultimate speed and security, the HPB blockchain proposes a distributed and verifiable hardware random number solution with a well-designed incentive mechanism.
For the first time, HPB achieves the perfect combination of software and hardware to generate random numbers, and applies it directly on the blockchain. HPB’s hardware random number generator (HRNG) generates random numbers from a physical process within HPB’s BOE (Blockchain Offload Engine). HRNG senses tiny variances in voltage (as little as 0.00001 volts) within an Analog-to-Digital Converter in the BOE. This ever-changing figure is used to help generate the random string of 256 digits and letters added to each new block.
This is in contrast to the paradigm of pseudo-random number generation commonly implemented in computer programs. Generated based on the consensus of HPB’s hardware BOE nodes on HPB MainNet, HPB’s hardware random number is a 100% hardware random number, which is very close to a true random number.
Meanwhile, HPB’s Hardware Random Number Generator has a built-in incentive mechanism to prevent collusion and attacks. More specifically, in HPB’s random number generation, all the nodes are the producers of random numbers, while the smart contract and external API calls are the consumers of random numbers. Guaranteeing the fairness of random numbers, this multi-stakeholder involvement ensures on-chain verification to prevent random numbers from being manipulated or tampered with. Also, the built-in incentive mechanism allows both random generators and consumers to obtain rewards by helping to maintain the random service.
Security Cornerstone for DApps
HPB hardware random numbers not only have the uncontrollable and unpredictable advantages of the traditional hardware random numbers, but also has the characteristics of decentralized incentives, cross-chain, distributed service, transparency, and verifiability.
HPB Partner, Jason Hu, noted that,”HPB’s HRNG can be applied to various decentralized businesses, including DeFi, on-chain games, on-chain lotteries, and HPB’s HRNG will act as security cornerstone for DApps. Now there are already some DApps that use HPB’s HRNG for more secure random number sources. For example, the star DeFi project, Nest Protocol, is already deployed on HPB MainNet. Besides, we are also exploring our HRNG’s integration with internet products.”
Also as disclosed recently, a blockchain project named Randomhub announced a partnership with HPB to provide RaaS (Random as a service) services. Randomhub will use the random numbers sources generated by HPB’s hardware random numbers generator to power various decentralized applications.
Dedicated to blockchain innovation, HPB Blockchain celebrates its third anniversary!
On July 23, AntChain (formerly Ant Blockchain) under the Ant Group, the parent company of China‘s largest mobile payments business Alipay, officially launched AntChain Station, which claimed to be “the first blockchain solution combining built-in software and a dedicated hardware accelerator globally”.
However, as early as 2017, Xiaoming Wang, the Founder of HPB, had already brought up and designed “the world’s first software and hardware blockchain solution”. In 2018, HPB released the Blockchain Offload Engine (BOE)–the world’s first independently-developed hardware accelerator to effectively integrate software and hardware for empowering a blockchain, as well as the HPB’s Hardware Random Number Generator.
At the time of High Performance Blockchain’s third anniversary, Xiaoming Wang, Founder and CEO of HPB said, “HPB is a fast-growing blockchain project that always leads blockchain innovation globally. Our strength lies in our ability to combine built-in software and a dedicated hardware accelerator for ultimate speed and security, allowing blockchain to come up with more useful applications. HPB will keep promoting HPB hardware random numbers’ application, as well as building a robust DeFi ecosystem. We look forward to working with more partners in the industry to promote blockchain innovations!”
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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