Truebit Protocol (TRU)
TRU

TRU Truebit Protocol

Price of 1 Truebit Protocol today (22 November)
$ 0.175
10.12%
Price Min/Max
24 hrs
$ 0.16
$ 0.18
30 days
$ 0.13
$ 0.18
1 year
$ 0.11
$ 0.36
Market Cap
#6462
Trading Volume, 24h
$ 344,737
+18.64%
Supply token

Price of Truebit Protocol (TRU)

Today Truebit Protocol (TRU) only traded on BitMart. The maximum trading volume is observed for the trading pair TRU/USDT and reaches 115 ths. dollars (100% of the total volume across all exchanges). During the week, the minimum price for Truebit Protocol (TRU) is fixed on Friday at 0.16 cents. Currently, the token Truebit Protocol is trading in the range of 17.48 cents or 17.71 rubles for 1 TRU.

Exchanges where TRU is traded

Exchange Pair Price Volume, 24h
1 BitMart TRU/USDT
$ 0.18
₮ 0.1748
$ 114,954 Go

Calculator TRU

TRU
USDT

1 TRU = 0.17 USD

What is Truebit Protocol?

What Is Truebit (TRU)?

Truebit allows software running outside a blockchain environment to provide trusted results to smart contracts and applications running within a blockchain. The platform allows practically unlimited external compute resources to be applied in a trusted way to extend the performance, throughput, and scalability of its host blockchain. Research began in 2015 on this verification solution which today connects blockchains to both on-chain and off-chain data while enabling smart contracts to securely perform complex computations in standard, easy-to-use programming languages at significantly reduced gas costs.

Unlike sharding and other methods for distributing high transaction throughput, Truebit processes complex and large transactions via a consensus mechanism involving a minimal number of redundancies, making it a novel solution for Web 3.0 infrastructure. The bulk of computation occurs with off-chain resources.

Verifier’s Dilemma - What Makes Truebit Unique?

Rather than relying on external, cryptographic proofs of correctness, Truebit brings scalable computation to blockchains by leveraging game theory principles and financial incentives to increase the on-chain computation power of existing networks and reduce marginal gas costs.

While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains due to the Verifier's Dilemma. Truebit counteracts this via a retrofitting oracle that achieves correct computational results. Truebit’s microeconomy ensures trustless verification through a financial incentive layer atop a dispute resolution layer.

Who is the founder of Truebit (TRU)?

Truebit was founded by mathematician and computer scientist Jason Teutsch who co-authored the whitepaper with Ethereum’s Solidity creator and team lead, Christian Reitwiessner. Jason holds a PhD in Mathematics, was a two-time US Fulbright Fellow, and co-discovered the Verifier’s Dilemma.

Applications

Applications include:
Layer-2 settlements
DeFi settlements and bookkeeping
Batch verification of cryptographic signatures
Checking proof-of-work
Performing operation(s) with high computational complexity

Any smart contract can issue a computation task to Truebit in standard languages (C, C++, or Rust) without concern for Ethereum’s gas limit. Truebit’s WebAssembly-based architecture can read functions and data from Ethereum bytes, smart contract program code, or IPFS.

What kind of token is Truebit (TRU)?

The supply of TRU tokens may fluctuate over time.

Learn more about Truebit:

Getting started with Truebit on Ethereum
https://medium.com/truebit/getting-started-with-truebit-on-ethereum-ac1c7cdb0907
An Intro to TrueBit: A Scalable, Decentralized Computational Court https://medium.com/@simondlr/an-intro-to-truebit-a-scalable-decentralized-computational-court-1475531400c3

Learn more about Ethereum:
Ethereum
https://ethereum.org/en/

How to add Truebit Protocol to Metamask?

To add TRU to the metamask you need:

  1. In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
  2. Copy the smart contract address for Truebit Protocol from the list below.
  3. Paste into the "Smart Contract Address" field.
  4. Click the "Add Custom Token" button.

The TRU is available on the 1 blockchain networks. Below is a list of Truebit Protocol smartcontract addresses to add to the metamask:

  • Ethereum - 0xf65b5c5104c4fafd4b709d9d60a185eae063276c

Official websites and links for Truebit Protocol

There are currently about 5 official links to Truebit Protocol websites and social media:

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