Betterticket Integrates Chainlink VRF, Keepers, and Price Feeds to Create a Better Ticketing System

Betterticket Intregrates Chainlink VRF, Keepers, and Price Feeds to Create a Better Ticketing System

Betterticket, a startup focusing on in-person and online event ticketing services, has integrated Chainlink VRF, Keepers, and Price Feeds to create a better ticketing system.

By integrating the industry-leading decentralized oracle network on Polygon mainnet, Betterticket now has access to the ultimate decentralized oracle networks that will assist them in managing Betterticket’s ticket salesaccurate price data conversionlogic-based ticket rewards, and the reliable selection of lucky draw winners.

“Chainlink services are known for their reliability, security, and ease-of-use. In order to build applications with real-world use cases, such as Betterticket’s improved ticketing system, it’s essential that smart contracts have access to external functionality. Chainlink provides an all-in-one solution that’s clearly the best in the industry.”

The Betterticket Team

Betterticket is a Web3 decentralized event management and ticketing platform for in-person, online, metaverse, and hybrid events. The ticketing platform has a system that uses NFTs as event tickets, empowering users to easily attend, organize, and manage events globally.

Chainlink Price Feeds

Chainlink Price Feeds provide real-time and accurate price data as the users have to pay for transactions. With Price Feeds, users must ensure what they are paying for. 

The Chainlink Price Feeds is the most time-tested oracle solution and not only that, it has secured tens of billions of dollars of investment from leading projects in GameFi, Blockchain gaming, and De-Fi. 

Still, that’s not why Chainlink Price Feeds is hailed and appreciated in the market. Why is it then? Let’s talk about some of the key features. 

Decentralized: This network is decentralized from the core. Not only at the data source but also at its oracle network levels and oracle nodes are, as well. This can be used to predict downtime which is a crucial problem in this domain.

Transparent: Chainlink Price Feeds provides a number of tools for monitoring that can be used to acknowledge the past performance of oracle networks and node operators. Not only that, the real-time price can also be checked.  

High-Quality Data: This chain takes data from high-quality sources and reputed exchanges to for performing the analysis. The chain makes sure to maintain the quality of the data by eliminating irrelevant patterns and outliers. All this makes it possible for the Chainlink model to generate a more precise and accurate market price. This result is highly unlikely to be affected by API downtime, flash loans, and other data manipulation attacks. 

Chainlink Keepers

Chainlink Keepers is a decentralized smart contract automation service that’ll manage tasks on behalf of smart contracts. Smart contracts are awakened by Chainlink Keepers, a decentralized, economically incentivized, and hyper-reliable automation bot, when they must carry out crucial on-chain operations, which often happen at regular intervals.

Chainlink Keepers’ Unique Features:

  • Increased Efficiency
  • Enhanced Security
  • Decentralized Execution
  • Easy-to-Use

Chainlink VRF

Chainlink VRF is a highly secure and provably fair source of on-chain randomness for all kinds of blockchain-based applications, NFTs, and games. Random Number Generation (RNG) is a mechanism for unpredictability. 

RNG secures the outcome against reverse engineering. However, it’s vulnerable to miner attacks, and it requires complete trust in the data provider when it comes to off-chain implementation. 

Chainlink VRF is explicitly designed to support smart contracts’ needs, providing them with an open-source and easily integrated RNG solution directly auditable on-chain by any user via cryptographic proofs. With this technology, even the oracle provider or the project developers can’t tamper the outcome.