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Description

The BNB Smart Chain (BSC) is a blockchain framework created by Binance that facilitates the development of decentralized applications (dApps) and smart contracts. Functioning alongside Binance Chain, it merges rapid transaction speeds with the programmability found in Ethereum-compatible smart contracts. BSC employs a Proof-of-Staked-Authority (PoSA) consensus model, which boosts both scalability and efficiency while lowering transaction fees. Its compatibility with the Ethereum Virtual Machine (EVM) simplifies the process for developers to migrate dApps and projects from Ethereum seamlessly. As a result, BSC has gained significant traction within the decentralized finance (DeFi), gaming, and NFT sectors, providing users with an efficient, cost-effective, and secure environment for blockchain innovations. The growing ecosystem surrounding BSC continues to attract new projects and users alike, further solidifying its position in the market.

Description

Truebit serves as an enhancement to blockchain technology, allowing smart contracts to execute intricate computations in conventional programming languages while minimizing gas expenses. Although smart contracts excel at handling minor computations with accuracy, they face significant security vulnerabilities when tasked with larger computations. To address this issue, Truebit introduces a trustless oracle that retrofits existing systems, ensuring the accurate execution of complex tasks. Smart contracts can submit their computation requests to this oracle in the format of WebAssembly bytecode, and in return, anonymous miners earn rewards for providing correct solutions. The protocol of the oracle upholds accuracy through two distinct layers: a unanimous consensus layer that permits anyone to challenge incorrect answers and an on-chain system that motivates engagement and guarantees equitable compensation for participants. The realization of these elements is achieved through an innovative blend of off-chain infrastructure and on-chain smart contracts, thereby enhancing the overall functionality and security of blockchain networks. This dual approach not only improves computational reliability but also fosters a more robust ecosystem for decentralized applications.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Ethereum Yes 
BeanBee Yes 
BenSwap Yes 
Biport Wallet Yes 
Biswap Yes 
CLV Chain Yes 
ChainAnalyzer Yes 
DuckDAO Yes 
Hashflow Yes 
Kryptos Yes 
Krystal Yes 
MDEX Yes 
Meter Passport Yes 
MultiversX Yes 
PEAKDEFI Launchpad Yes 
PinkMoon Yes 
PolyBridge Yes 
RenBridge Yes 
Wigwam Yes 

Integrations

Ethereum Yes 
BeanBee No 
BenSwap No 
Biport Wallet No 
Biswap No 
CLV Chain No 
ChainAnalyzer No 
DuckDAO No 
Hashflow No 
Kryptos No 
Krystal No 
MDEX No 
Meter Passport No 
MultiversX No 
PEAKDEFI Launchpad No 
PinkMoon No 
PolyBridge No 
RenBridge No 
Wigwam No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

BNB Chain (Binance)

Founded

2019

Website

www.bnbchain.org/en/bnb-smart-chain

Vendor Details

Company Name

Truebit

Founded

2017

Website

truebit.io

Alternatives

Alternatives