In this work we’ll consider a particular true random number generator (TRNG): TrueRNG v3. This device is developed by the company ubld.it, manufacturers of some cool electronics. The TrueRNG Hardware Random Number Generator uses the avalanche effect in a semiconductor junction to generate true random numbers. The avalanche effect has long been used for generation of random…

When people talk about randomness in quantitative development, they usually mean pseudorandomness. Pseudorandom refers to a sequence of numbers or data that appears random but is actually generated by a deterministic, predictable mathematical algorithm making it repeatable if you know the starting point (the seed). In many financial applications this predictability does not matter. For…