What Is Truebit (TRU)? Truebit allows software running outside a blockchain environment to provide trusted results to smart contracts and applications running within a blockchain. The platform allows practically unlimited external compute resources to be applied in a trusted way to extend the performance, throughput, and scalability of its host blockchain. Research began in 2015 on this verification solution which today connects blockchains to both on-chain and off-chain data while enabling smart contracts to securely perform complex computations in standard, easy-to-use programming languages at significantly reduced gas costs. Unlike sharding and other methods for distributing high transaction throughput, Truebit processes complex and large transactions via a consensus mechanism involving a minimal number of redundancies, making it a novel solution for Web 3.0 infrastructure. The bulk of computation occurs with off-chain resources. Verifier’s Dilemma - What Makes Truebit Unique? Rather than relying on external, cryptographic proofs of correctness, Truebit brings scalable computation to blockchains by leveraging game theory principles and financial incentives to increase the on-chain computation power of existing networks and reduce marginal gas costs. While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains due to the Verifier's Dilemma. Truebit counteracts this via a retrofitting oracle that achieves correct computational results. Truebit’s microeconomy ensures trustless verification through a financial incentive layer atop a dispute resolution layer. Who is the founder of Truebit (TRU)? Truebit was founded by mathematician and computer scientist Jason Teutsch who co-authored the whitepaper with Ethereum’s Solidity creator and team lead, Christian Reitwiessner. Jason holds a PhD in Mathematics, was a two-time US Fulbright Fellow, and co-discovered the Verifier’s Dilemma. Applications Applications include: Layer-2 settlements DeFi settlements and bookkeeping Batch verification of cryptographic signatures Checking proof-of-work Performing operation(s) with high computational complexity Any smart contract can issue a computation task to Truebit in standard languages (C, C++, or Rust) without concern for Ethereum’s gas limit. Truebit’s WebAssembly-based architecture can read functions and data from Ethereum bytes, smart contract program code, or IPFS. What kind of token is Truebit (TRU)? The supply of TRU tokens may fluctuate over time. Learn more about Truebit: Getting started with Truebit on Ethereum https://medium.com/truebit/getting-started-with-truebit-on-ethereum-ac1c7cdb0907 An Intro to TrueBit: A Scalable, Decentralized Computational Court https://medium.com/@simondlr/an-intro-to-truebit-a-scalable-decentralized-computational-court-1475531400c3 Learn more about Ethereum: Ethereum https://ethereum.org/en/
Daily trade volume is 8,826,181,089 VND.
The Truebit Protocol price today in VND is 5280.97. Through the Truebit Protocol price history, the price ranges from 30,343 VND (all time high) to 1,700.23 VND (all time low). Truebit Protocol price last 24 hours fluctuated from 5,519.32 VND (24h high) to 5,036.47 VND (24h low).
Check the Truebit Protocol value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: https://truebit.io/
Block explorers: https://etherscan.io/token/0xf65B5C5104c4faFD4b709d9D60a185eAE063276c https://ethplorer.io/address/0xf65b5c5104c4fafd4b709d9d60a185eae063276c
Forums:
Reddit: https://www.reddit.com/r/truebit/
Twitter: https://twitter.com/Truebitprotocol/
Truebit Protocol live price may differ in various exchanges. Check TRU real-time data to make informed decisions.
You can buy Truebit Protocol on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell TRU at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Truebit Protocol trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Truebit Protocol and trade with REVENUEBOT in less than a second.
In short, only if the current value of Truebit Protocol will be less than the value of Truebit Protocol at the moment of selling in the future. The Truebit Protocol chart can only assist the Truebit Protocol value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Truebit Protocol value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the TRU supply. Check the Truebit Protocol live chart to see the current supply and predict how long it will take for the coins to run out.
While being the famous technology behind all cryptocurrencies and a plethora of other projects, blockchain has gained a lot of attention in the world of finance, business and tech. However, like any o...
In this article, we will recall a couple of stories about lost wallets that shed light on the importance of safe and secure storage of your cryptocurrencies.
Cryptocurrencies are hard to ignore in the last five years, and in the almost past quarter of 2021, digital assets are becoming almost mainstream. Bitcoin still holds the leading position, having the ...
Technology became very much in demand in the 21st century. But not everyone is in demand in the main sectors of the economy. In this material, we’ll talk about which technologies are bringing new brea...
Novice crypto investors often ask the question – how best to store their digital assets? The obvious answer is a crypto wallet. However, not everyone knows that this is not enough. Before choosing a w...
Check the current Truebit Protocol value, check the converter, and set up your REVENUEBOT in the demo mode, it is all free!
