Definition ∞ Provably Fair Execution refers to a system or process where the fairness of an outcome can be mathematically verified and audited by all participants. This is achieved through cryptographic methods that ensure results are unbiased and transparent. Such systems are crucial for building trust in decentralized applications, especially in gaming or random selection processes.
Context ∞ Provably Fair Execution is a critical component for establishing credibility in many blockchain-based applications, particularly those involving chance or random selection. Discussions often focus on the cryptographic techniques employed to guarantee transparency and prevent manipulation. Observing the implementation of verifiable random functions and audit reports provides insight into the integrity of these decentralized systems.
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