TrueBit logo

TrueBit (TRU)

Website
TwitterMore socials

Enables support for more powerful off-сhain smart contract computations (like rendering photos or machine learning and artificial intelligence) on the distributed application platform

TrueBit White Paper Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl
Medium
Learn more about our rating
User Rating
Medium
3/5 1 votes
Claim your project
Ticker
TRU
FoundedUnited States

What is TrueBit

TrueBit’s primary purpose is to realize correct, trustless computations despite miners’ limited computation bandwidth. Intuitively, we wish to reward participants who correctly perform computational tasks, but who decides whether these tasks were done correctly? In absence of a dispute, the party who performs a computational task on behalf of a TrueBit contract simply receives a reward. On the other hand, if a dispute does occur, we must rely on the only trusted resource, the limited network of miners, to resolve it. Dispute resolution occurs as a “verification game” subroutine in TrueBit.

Who initiates a dispute in the case of an incorrect computation, and how can we ensure that such a dispute will actually occur? One option is to assume that each party with some stake in the contract brings their own trusted (although not necessarily mutually trusted) verifier, and flags for a challenge if needed. This trusted verifier approach suffices for some applications, but in general parties may need to rely on the results of a previously executed TrueBit contract ex post facto even if they themselves did not exist at the time of its creation. Like Ethereum smart contracts, TrueBit contracts must have universal validity.

Since there exist no trusted parties on Ethereum’s network, by symmetry we must allow any party to be hired to solve any computational task, and similarly anyone should be able to challenge a Solver’s outcome of a computational task. The latter requirement ensures that TrueBit operates by unanimous consensus.

Project team

Jason Teutsch
Jason Teutsch
Founder
Christian Reitwiessner
Christian Reitwiessner
Whitepaper Coauthor
Florian Glatz
Florian Glatz
General Counsel

Advisors

Ryan Zurrer
Ryan Zurrer
Advisor
Ryan Zurrer linkedin-team
Trent McConaghy
Trent McConaghy
Advisor

Social media

Industries

Leave a Reply

Your email address will not be published. Required fields are marked *

listing on exchanges

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsored Crypto Projects

KYMAi (KYMAI) logo
KYMAi (KYMAI) Sponsored
KYMAi (KYMAI)
Low
ICO
NOCtura (NOC) logo
NOCtura (NOC) Sponsored
NOCtura (NOC)
Low
ICO
Zama (ZAMA) logo
Zama (ZAMA)
High
ICO
IEO

Newly Published

Genius logo
Genius
Medium
Fight (FIGHT) logo
Fight (FIGHT)
Medium
IEO
Noise logo
Noise
Medium
RISEx logo
RISEx
Medium