Post
Topic
Board Gambling
Re: Using SHA512 hash as random number generator for Gambling services
by
adaseb
on 30/01/2018, 10:07:48 UTC
Sorry to append to such an old post, but this is relevant:

On Bitcoin as a public randomness source
by Joseph Bonneau, Jeremy Clark, and Steven Goldfeder

- https://eprint.iacr.org/2015/1015.pdf

I read just the abstract since the entire PDF is too technical to read.

Basically they are saying that you can use the bitcoin hashes derived from blocks to use as a random number generator.

Since the bitcoin hashes are completely random, its a secure way of forming some beacons, like in the example a lottery.

Basically I don't think its really needed. When you nonce a regular SHA512 hash the results will be uniformly random.

Someone even ran a benchmark to prove this.