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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 No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Ethereum Yes 
Amazon Web Services (AWS) Yes 
Blockdaemon Yes 
Celer Network Yes 
Microsoft Azure Yes 

Integrations

Ethereum Yes 
Amazon Web Services (AWS) No 
Blockdaemon No 
Celer Network No 
Microsoft Azure 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 No 
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

DFINITY

Founded

2014

Website

internetcomputer.org

Vendor Details

Company Name

Truebit

Founded

2017

Website

truebit.io

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