Network: Ethereum (ETH)

About Truebit

Truebit Protocol Token Live price data
The live price of Truebit Protocol Token today is 0.144636693545510064 USD. $tru It is down -3,69 from the last trading day! We update our USD to tru every 10 minutes!

Truebit Protocol Has a Market Cap of 1,374,339,832,979,599,872 USD and is down 0,00% in the last 24H!

What Is Truebit Protocol (tru)?
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 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
An Intro to TrueBit: A Scalable, Decentralized Computational Court

Learn more about Ethereum:

What Is Truebit Protocol (tru) contract address??
The contract address for the Truebit Protocol is 0xf65b5c5104c4fafd4b709d9d60a185eae063276c and it can be found on eth network.
07:05:46 Sep 27 $384.38 2,703.63 0xabe80
07:00:47 Sep 27 $325.05 2,296.63 0xbd33a
06:54:47 Sep 27 $26.20 185.54 0xd9c77
06:20:46 Sep 27 $220.35 1,562.82 0xf0a03
06:13:31 Sep 27 $620.41 4,415.37 0x9eef7
06:04:02 Sep 27 $56.45 400.00 0x82c8f
05:13:01 Sep 27 $190.34 1,346.72 0x632ea
04:40:16 Sep 27 $289.21 2,035.25 0x668a9
04:10:46 Sep 27 $1720.42 12,069.97 0xc2f2c
04:09:31 Sep 27 $181.30 1,256.79 0xe401f
03:56:46 Sep 27 $1377.20 9,561.34 0x63a14
03:07:15 Sep 27 $202.45 1,419.55 0x4ccfe
02:02:30 Sep 27 $829.02 5,824.85 0x69cd3
01:58:45 Sep 27 $106.40 743.20 0x7298a
23:41:29 Sep 26 $143.40 1,000.00 0xf9042
23:16:29 Sep 26 $287.57 2,000.00 0x537fd
22:51:29 Sep 26 $1385.19 9,642.66 0x2104e
22:30:29 Sep 26 $263.98 1,856.82 0x7e488
22:19:29 Sep 26 $1010.01 7,113.37 0x589de
22:11:59 Sep 26 $111.15 773.70 0x39c6f
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ORID: 25882

Truebit Token Price

Buy 3
Sell 0
Volume $1467.5
Buy/Sell feeUnknown
Total supply280.1M
Market Cap$39.75M
All Time HighJun 1, 2022, 10:01 AM
$0.4396-67.72 %
All Time High LPJul 17, 2022, 10:42 AM
$3,665,551,681 -99.99 %

Launched on Nov 13, 2021

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