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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 Etleneum?

On Etleneum, developers have the opportunity to create code that manages digital assets, operates exactly as intended, and is accessible from anywhere in the world. More than just a wordplay on Ethereum, Etleneum is a genuine platform designed for smart contracts. It empowers users to build applications that are verifiable by the public and trustworthy, capable of executing customized code while seamlessly integrating with various services, all accessible through an API and optionally featuring a user account system along with authentic Lightning payments. The illustration provided shows a contract that includes two key functions: bet and resolve. In this example, account 74 made a wager with account 12 by calling the bet function (details of the contract and the specifics of the call have been omitted for clarity). Afterward, an anonymous oracle executed the resolve function to conclude the wager, resulting in account 12 receiving the total amount of satoshis. Essentially, smart contracts are composed of a set of functions, linked funds, and a JSON state; the calls may or may not be traceable and may involve satoshis or be independent of them. This versatility opens the door to a multitude of creative and groundbreaking applications that can be developed on the Etleneum platform, showcasing its potential to redefine how digital transactions are handled.

Media

Media

Integrations Supported

Ethereum
Lightning Network

Integrations Supported

Ethereum
Lightning Network

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

Etleneum

Company Website

etleneum.com

Categories and Features

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