Randamu provides secure and verifiable randomness through threshold cryptography, enabling decentralized applications to operate with trust and integrity. By offering tools like the drand software, Randamu addresses the need for bias-resistant and publicly verifiable randomness in industries such as blockchain, gaming, and elections.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PLFounders
Product
Problem
Many decentralized applications (dApps) require a source of randomness, but generating secure, unbiased, and publicly verifiable randomness in a decentralized environment is a significant challenge. Existing methods often rely on centralized sources or are susceptible to manipulation, compromising the integrity and trustworthiness of dApps.
Solution
Randamu provides secure and verifiable randomness using threshold cryptography, enabling dApps to operate with increased trust and integrity. Their core offering, the drand software, generates bias-resistant and publicly verifiable randomness suitable for blockchain, gaming, and decentralized elections. Randamu's solutions are already integrated into Layer-1 platforms like Filecoin, Cosmos, and Sui, providing tamper-proof randomness as a public good. They also offer timelock encryption, automated Distributed Key Generation (DKG) provisioning, decentralized secrets management, and threshold oracles.
Target Audience
The primary target audience includes Web3 developers, blockchain projects, gaming platforms, and any application requiring secure, verifiable, and unbiased randomness.
Features
- drand software: An industry-standard solution for generating secure, verifiable randomness.
- Threshold Cryptography: Ensures that no single entity can control or predict the randomness output.
- Timelock Encryption (tlock): Encrypts data that can only be decrypted after a specified time.
- Automated DKG Provisioning: Simplifies the setup and management of distributed key generation processes.
- Decentralized Secrets Management: Securely stores and manages sensitive information in a decentralized manner.
- Threshold Oracles: Provides a secure and reliable way to bring external data onto the blockchain.
- Integration with multiple Layer-1 platforms: Seamlessly integrates with Filecoin, Cosmos, and Sui.