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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.

Description

UBIRCH has completely reimagined the concept of data security by adopting an innovative strategy that leverages strong, established cryptography alongside blockchain technology. Their solution seamlessly integrates with IoT platforms and various system environments without the need for extra hardware, consisting only of two essential components: the Ubirch Nano Client and the Ubirch Trust Service. To ensure data integrity, every data packet is encrypted right at the point of capture before it transitions from the physical realm to the digital domain, employing advanced cryptographic techniques and blockchain principles. This process establishes an immutable "chain of trust," which guarantees that IoT data remains unaltered, untouched, and intact from the very beginning. Any recipient can verify the authenticity of the data at any time and from any location, as if they were present at the original data source. The Nano Client, one of the two key components of the UBIRCH solution, is a compact and efficient software library designed for ease of use and implementation. This innovative approach not only enhances security but also fosters confidence in the reliability of IoT data management.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Ethereum

Integrations

Ethereum

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

Truebit

Founded

2017

Website

truebit.io

Vendor Details

Company Name

UBIRCH

Founded

2014

Country

Germany

Website

ubirch.de/en

Alternatives

Alternatives

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