[MS] DOT #1383 - Ideal Network: The Randomness Layer for Polkadot's World Computer
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Description

https://polkadot.subsquare.io/referenda/1383

  • The Ideal Network (IDN) is a randomness infrastructure for Polkadot, created by a team from the Polkadot Blockchain Academy.
  • Polkadot lacks a good randomness solution, which can lead to security risks and high costs.
  • IDN will provide a trustless randomness layer with features like timelock encryption and smart contract integration.
  • It is supported by Web3 Foundation, NIST, and the University of Colorado.
  • Projects like Asset Hub, Bittensor, and ChainSafe are interested in using IDN.
  • IDN can be used for DeFi, gaming, governance, NFTs, and token distribution.
  • The team is requesting 294,585 USDC + 840 DOT to build and maintain the network.
  • Contact them on Discord, Element, or email for more info.
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Timestamp
Created
Jan 14 2025 23:28
Start date
Jan 14 2025 00:00
End date
Feb 13 2025 00:00
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