Weapons of Mass Adoption
#8 – Nois with Kais Baccour
Sep 6, 2023
In this episode, Kais Baccour from Nois talks about how Nois solves the issue of unbiased randomness on the blockchain. They discuss implementing randomness in blockchain, including its use cases in gambling, lotteries, governance, NFT minting, and DeFi. They also explore the implementation of noise protocols on IBC-enabled blockchains and the Wendrop airdrop. Additionally, they discuss the purpose of blockchains, their sustainability, and use cases for randomness. They mention collecting use cases for noise and previous work in crypto and healthcare. Finally, they discuss their entry into cryptocurrency and their thoughts on Anchor Protocol.
32:56
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Quick takeaways
- Noise solves the issue of unbiased randomness on the blockchain by relying on the DRAND network to generate and sign random messages.
- Noise's random beacon service has applications beyond the gambling industry, such as fair minting of NFTs, random selection in governance processes, and enhancing game dynamics in traditional and web3 gaming.
Deep dives
Noise: Providing Unpredictable and Unbiased Randomness on the Blockchain
Noise is a layer one blockchain that offers random beacon services to other IBC blockchains, ensuring unpredictable and unbiased random numbers. The decentralized nature of blockchain poses challenges for achieving consensus on random numbers across multiple computers. Using regular random numbers generated by individual nodes would lead to disagreements and halt the chain. To solve this problem, Noise relies on the DRAND network, a consortium of institutions and companies, which performs an algorithmic ceremony to generate and sign random messages. These messages serve as the basis for the randomness brought to the Noise blockchain, which is then distributed across IBC to other compatible chains.
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