Truebit Protocol is a verified computing platform that allows developers to create certified, interoperable applications. It serves as an enhancement for blockchain networks by enabling smart contracts to perform complex computations beyond their native capacities.
Truebit Protocol employs a WebAssembly (Wasm) architecture for the safe execution of off-chain tasks. It utilises a system of "verification games," where computations performed off-chain can be verified by the network. This involves solvers submitting solutions and verifiers checking them, with disputes resolved through an efficient mechanism that uses network 'Judges' with limited computational power.
Truebit Protocol can be utilised in various sectors including:
Truebit Protocol was founded in 2017 by Jason Teutsch to address the Verifier’s Dilemma in blockchain networks. Significant milestones include its introduction at Devcon 3 and the development of Truebit Verify, a platform to enable interoperable certified applications. Truebit has made partnerships with key figures and organisations in the blockchain space, enhancing its market presence and technological capabilities.