Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
Blockchain technology and cryptocurrencies carry significant risks. Each year, billions are lost due to fraudulent activities and mistakes made by individuals, highlighting vulnerabilities that malicious hackers exploit. Current cybersecurity measures often fall short when it comes to addressing the complexities of Blockchain systems. Valid Network steps in to safeguard Blockchain innovators, businesses transitioning to this technology, and the broader Blockchain environment by providing a comprehensive and adaptable security framework. The emergence of new security needs stems from advancements in technology, and without appropriate solutions, the potential for transformation remains unfulfilled. Valid Network empowers businesses to embrace Blockchain innovation more swiftly and securely than ever before. By establishing a robust security perimeter for Blockchain and ensuring compliance among consortium members, organizations gain essential visibility and control. Furthermore, the Valid Network platform offers extensive security services that cover the entire lifecycle of enterprise blockchains, from their initial design phase through to ongoing management and deployment. This holistic approach ensures that security remains a priority at every step of the Blockchain journey.
API Access
Has API
API Access
Has API
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
Valid Network
Founded
2018
Country
United States
Website
valid.network/