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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 DOS Network?
Smart contracts utilizing blockchain technology function independently from the internet, which restricts their ability to directly obtain external information. The operations carried out within these smart contracts can be resource-intensive and limited by the available computational power. To overcome these challenges, a Decentralized Oracle Service that supports a variety of blockchains has been created. The DOS Network effectively supplies real-world data, events, and computation to smart contracts in a secure, trustworthy, efficient, and scalable way. By leveraging the DOS Network, numerous applications, including flight delay insurance, can automate compensation mechanisms by linking external insured events with on-chain insurance agreements. Additionally, stablecoins and crypto derivatives depend on the DOS Network for reliable and verifiable real-time price feeds. This setup streamlines the ability of crypto lending platforms to access token exchange rates, integrate borrowers' social media profiles, and dynamically evaluate interest rates without requiring inherent trust. Consequently, the DOS Network significantly boosts the effectiveness and applicability of smart contracts across a multitude of sectors. Moreover, its ability to seamlessly integrate real-world data opens up new possibilities for innovation and efficiency in decentralized applications.
Integrations Supported
Ethereum
BNB Smart Chain (BSC)
ForTube
Google Cloud Platform
OKT Chain (OKTC)
Polkadot
Sero
Telegram
Integrations Supported
Ethereum
BNB Smart Chain (BSC)
ForTube
Google Cloud Platform
OKT Chain (OKTC)
Polkadot
Sero
Telegram
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Truebit
Date Founded
2017
Company Website
truebit.io
Company Facts
Organization Name
DOS Network
Date Founded
2018
Company Website
dos.network/