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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 Hyperledger Fabric?

Hyperledger Fabric is a powerful distributed ledger technology designed specifically for enterprises, offering a significant degree of modularity and adaptability that caters to a variety of industry-specific requirements. Its architecture is carefully crafted to include modular components that can be easily integrated, such as various consensus mechanisms, privacy features, and membership services, providing businesses the flexibility they need. This platform allows for the creation of applications and solutions within a modular framework, which not only simplifies integration but also enhances customization capabilities. The distinct plug-and-play functionality of Hyperledger Fabric's components, including those for consensus and membership, further amplifies its versatility across multiple sectors. Additionally, its innovative consensus mechanisms ensure scalable performance while safeguarding privacy—a vital consideration for numerous organizations. A remarkable aspect of Hyperledger Fabric is its ability to support networks of networks, promoting collaborative efforts among members while simultaneously protecting sensitive data, thus encouraging both cooperation and confidentiality in business interactions. This feature of managing separate yet interconnected relationships positions Hyperledger Fabric as an indispensable resource for enterprises facing intricate data privacy challenges, ultimately paving the way for more seamless and secure collaborations. Furthermore, as businesses continue to seek solutions that prioritize both integration and privacy, Hyperledger Fabric stands out as a key player in the ever-evolving landscape of enterprise technology.

Media

Media

Integrations Supported

Amazon Managed Blockchain
Amazon Quantum Ledger Database (QLDB)
Assurance Reimbursement Management
BlockSpaces
Blockdaemon
Ethereum
Infinite Block Tech
KIR HYIP
Kaleido
MediConCen
OriginTrail
SIMBA Chain
SettleMint
Unbound Crypto Asset Security Platform
Wanchain

Integrations Supported

Amazon Managed Blockchain
Amazon Quantum Ledger Database (QLDB)
Assurance Reimbursement Management
BlockSpaces
Blockdaemon
Ethereum
Infinite Block Tech
KIR HYIP
Kaleido
MediConCen
OriginTrail
SIMBA Chain
SettleMint
Unbound Crypto Asset Security Platform
Wanchain

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

Hyperledger

Date Founded

2015

Company Location

United States

Company Website

www.hyperledger.org/use/fabric

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