Audience

Anyone in need of a blockchain enhancement solution to perform complex computations in standard programming languages

About Truebit

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.

Other Popular Alternatives & Related Software
iExec
iExec
A decentralized network giving applications access to trusted off-chain computation and data. An innovative market network where everyone can monetize their applications, servers and data-sets. As a developer, you can use iExec to overcome blockchain limitations, by executing your computations on a new distributed infrastructure. As a provider, you can rent out your machine’s computing power, monetizing it by executing tasks for applications. As a token holder, you can get into the world of crypto-economy by trading your RLC tokens whenever you want. iExec introduces a new paradigm for cloud computing. Cloud resources can now be traded on a global market, just like any other commodity. Instant access to a large capacity of computing power from the provider offering the best rate. iExec offers CLI and JS libraries for developers. Execute ‘off-chain’ computations through the iExec decentralized cloud and overcome Ethereum scalability issues.
Learn more
DOS Network
DOS Network
Blockchain-empowered smart contracts are isolated from the internet world and cannot access external data directly. Computation within the smart contract is also excessively expensive and limited by resource capacity. A Decentralized Oracle service supporting multiple heterogeneous blockchains. DOS Network brings real-world data, event and computation power to smart contracts in a secure, reliable, efficient and scalable way. With DOS Network, many scenarios like flight delay insurance are able to achieve automatic indemnification by bringing external insured events to the on-chain insurance contract. Stablecoins and crypto derivatives require frequent usage of DOS Network to fetch real-time price feeds reliably and verifiably. DOS Network makes it easy for crypto lending platforms to get token exchange rates, import borrowers' social media data and trustlessly determine the interest rates on the fly.
Learn more
Cartesi
Cartesi
Build smart contracts with mainstream software stacks. Take a productive leap from Solidity to the vast universe of software components supported by Linux. Enable million-fold computational scalability, data availability of large files and low transaction costs. All while preserving the strong security guarantees of Ethereum. From games where players conceal their data to Enterprise applications that run on sensitive data, preserve privacy on your DApps. Descartes executes massive computational tasks off-chain, on a Linux virtual machine fully specified by a smart contract. The results of the computations are fully verifiable and enforceable on-chain by honest Descartes node runners, preserving the strong security guarantees of the underlying blockchain. Defeat the scalability limits of Ethereum, with million-fold computational gains, while preserving the strong security guarantees of the blockchain.
Learn more
Band Protocol
Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations. However, they cannot access trusted real-world information available outside their networks. Band Protocol enhances smart contract functionalities by granting them access to reliable data without any central points of failure. Decentralized Finance applications need price feeds on token swap and loan collateralization process. With Band Protocol’s built-in price oracle, developers can build DeFi with an absolute peace of mind that the price feeds they’re using are robust and tamper-proof. BandChain is designed to be compatible with all smart contract platforms and blockchain development frameworks. In a trustless and decentralized manner, BandChain does all the heavy lifting jobs of pulling data from external sources, aggregating, and packaging them.
Learn more

Integrations

See Integrations

Ratings/Reviews

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Company Information

Truebit
Founded: 2017
truebit.io

Videos and Screen Captures

Truebit Screenshot 1
Truebit Screenshot 1 Truebit Screenshot 2 Truebit Screenshot 3
Other Useful Business Software
Zenflow- The AI Workflow Engine for Software Devs Icon
Zenflow- The AI Workflow Engine for Software Devs

Parallel agents. Multi-agent orchestration. Specs that turn into shipped code. Zenflow automates planning, coding, testing, and verification.

Zenflow is the AI workflow engine built for real teams. Parallel agents plan, code, test, and verify in one workflow. With spec-driven development and deep context, Zenflow turns requirements into production-ready output so teams ship faster and stay in flow.
Try free now

Product Details

Platforms Supported
Cloud
Training
Documentation
Videos
Support
Online

Truebit Frequently Asked Questions

Q: What kinds of users and organization types does Truebit work with?
Q: What languages does Truebit support in their product?
Q: What kind of support options does Truebit offer?
Q: What other applications or services does Truebit integrate with?
Q: What type of training does Truebit provide?

Truebit Product Features