TRU
Truebit Protocol
$0.16327235AUD
24H Trade Vol.
107.8K AUD

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What is Truebit Protocol?

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.

How does Truebit Protocol work?

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.

What are the potential use cases for Truebit Protocol?

Truebit Protocol can be utilised in various sectors including:

  • Web3 Applications: Enhancing interaction with external data sources and cross-ledger data movements.
  • DeFi Applications: Supporting high transaction throughput with secure computations.
  • Cross-Chain Data Synchronization: Facilitating secure data transfer between different blockchains.
  • AI Capabilities: Enabling transparent and secure execution of AI models and machine learning tasks.

What is the history of Truebit Protocol?

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.

Coin Contract Addresses

0xf65b5c5104c4fafd4b709d9d60a185eae063276c

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