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Description
The final groundbreaking Layer 1 blockchain initiative is set to unveil a transformative public network that offers an endless landscape for smart contracts, enabling operations at web speed while dramatically scaling and minimizing computational expenses by a factor of a million or beyond. You can create a diverse range of applications, from decentralized finance (DeFi) platforms to large-scale tokenized social media services functioning entirely on-chain, or enhance existing Ethereum dapps. Embark on a journey toward blockchain singularity and experience a boundless blockchain ecosystem that embodies the power, velocity, and scalability comparable to the Internet itself. This network empowers developers to construct tokenized social media platforms exclusively through the use of smart contracts, revolutionizing how we interact online. The possibilities are as limitless as the technology itself, paving the way for innovations that could redefine digital engagement.
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
API Access
Has API
Integrations
Ethereum
Amazon Web Services (AWS)
Blockdaemon
Celer Network
Microsoft Azure
Integrations
Ethereum
Amazon Web Services (AWS)
Blockdaemon
Celer Network
Microsoft Azure
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
DFINITY
Founded
2014
Website
internetcomputer.org
Vendor Details
Company Name
Truebit
Founded
2017
Website
truebit.io
