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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 Hoo Smart Chain?

The Hoo Smart Chain (HSC) Platform acts as a unified framework, leveraging the technological prowess, traffic, and ecosystem assets provided by the Hoo Group, and it is on a pathway to becoming integral to the blockchain landscape. This initiative is designed to propel the advancement of decentralized applications, streamlining the process to be both cost-effective and efficient while offering substantial assistance in promotion, traffic management, and various resources. By delivering a comprehensive range of cutting-edge tools and services, HSC is set to empower developers all around the world. As a decentralized public chain acclaimed for its high performance and energy efficiency, Hoo Smart Chain is the first major product launched by the Hoo organization. It is built to support smart contracts and can handle high-speed transactions seamlessly. Additionally, the platform incorporates the native HOO Token and utilizes the PoSA consensus mechanism to enhance its operational effectiveness. Through continuous improvements, HSC aims to refine Ethereum's performance using sidechains while actively strengthening the decentralized ecosystem, thereby paving the way for a promising future for blockchain applications and services. Ultimately, its commitment to innovation positions HSC as a vital player in the evolution of the blockchain industry.

Media

Media

Integrations Supported

Ethereum

Integrations Supported

Ethereum

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

Hoo

Date Founded

2017

Company Location

China

Company Website

www.hoosmartchain.com

Categories and Features

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