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What is Truebit?

Truebit acts as an enhancement to blockchain technology, enabling smart contracts to carry out complex computations using traditional programming languages while reducing gas fees. While smart contracts are adept at managing small computations with precision, they encounter considerable security risks when dealing with larger tasks. To tackle this challenge, Truebit implements a trustless oracle that upgrades existing frameworks, ensuring that complex operations are performed accurately. Smart contracts can submit computation requests to this oracle as WebAssembly bytecode, and in exchange, anonymous miners receive rewards for supplying correct solutions. The oracle's protocol guarantees accuracy through two distinct layers: a unanimous consensus layer that allows anyone to dispute incorrect results and an on-chain mechanism that encourages participation and ensures fair compensation for contributors. This implementation is achieved through a creative combination of off-chain infrastructure and on-chain smart contracts, thereby boosting the overall efficiency and security of blockchain systems. By improving computational reliability, this dual strategy also cultivates a stronger ecosystem for decentralized applications, paving the way for more advanced use cases in the future.

What is Coinweb?

Coinweb tackles significant obstacles within the realm of blockchain technology. Our mission is to establish a user-friendly and interconnected blockchain ecosystem that is open to everyone. Utilizing distributed ledger technology (DLT) that functions seamlessly across multiple blockchains and systems, Coinweb aims to bring together these platforms, effectively closing the gaps between various solutions while integrating cutting-edge technological advancements. It fundamentally offers a secure, swift, and reliable answer to the most urgent challenges faced in the blockchain domain. This initiative is underpinned by Coinweb's groundbreaking Inchain architecture. By promoting collaboration and improving connectivity, we aspire to transform the operational landscape of blockchain for the better. Our vision is to ensure that these advancements empower users and businesses alike, fostering a more inclusive digital future.

Media

Media

Integrations Supported

Ethereum

Integrations Supported

Ethereum

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

Truebit

Date Founded

2017

Company Website

truebit.io

Company Facts

Organization Name

Coinweb.io

Date Founded

2018

Company Location

United Kingdom

Company Website

coinweb.io

Categories and Features

Blockchain

Not specified

Blockchain Security

Not specified

Layer 2 Protocols

Not specified

Smart Contract

Not specified

Categories and Features

Blockchain

Not specified

Layer 2 Protocols

Not specified

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