Beosin EagleEye

Truebit is a blockchain enhancement which enables smart contracts to securely perform complex computations in standard programming languages at reduced gas costs. While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains. Truebit counteracts this shortcoming via a trustless, retrofitting oracle which correctly performs computational tasks. Any smart contract can issue a computation task to this oracle in the form of WebAssembly bytecode, while anonymous “miners” receive rewards for correctly solving the task. The oracle’s protocol guarantees correctness in two layers: a unanimous consensus layer where anyone can object to faulty solutions, and an on-chain mechanism which incentivizes participation and ensures fair remuneration. These components formally manifest themselves through a combination of novel, off-chain architecture and on-chain smart contracts.

Many web applications process sensitive data including user and financial information, making them of enormous interest to malicious attackers. As the complexity of web applications increases, the range of exploitable vulnerabilities will increase. This is why Hacken’s web penetration testing services are so crucial for our clients. We believe that security should be top priority for any kind of business. We provide knowledge and support to help businesses protect themselves. Hacken is delivering cybersecurity services for businesses of any scale and end customers around the world. While blockchains began life to facilitate the development of cryptocurrencies, they are now widely used across businesses for smart contracts, online transaction management, asset record management, and securing critical data. Acting as digital ledgers residing in a distributed infrastructure, they allow the secure storage and structuring of important information in a manner that ensures integrity.