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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 Juno?

Delve into the vibrant world of decentralized applications, contracts, and tools that have emerged from the Junø ecosystem, shaped by a worldwide network of developers and contributors. The Moneta Hacks stand out as the most extensive incentivized challenge for smart contracts globally, encouraging developers from every part of the world to launch their pioneering solutions on Juno's open and interoperable smart contract foundational layer. This platform features a streamlined, secure, and efficient virtual machine that effectively isolates or partitions your application's functions, significantly boosting testing, security, performance, and speed. Once the staking process is completed, users can start reaping rewards promptly, with their earnings calculated on a block-by-block basis. Participants in staking enjoy the convenience of claiming their accumulated rewards at any time through a non-custodial wallet, which guarantees full control over their assets. Fundamentally, Juno operates as a fully community-driven and managed smart contract platform, with the initial supply largely distributed via stake drops to ATOM holders, allocated to the locked community pool, and earmarked for the vested development reserve and smart contract Hacks. This ecosystem flourishes through collaboration and innovation, giving developers the tools to extend the limits of what can be achieved within blockchain technology. Furthermore, the collective effort of the community fosters a rich environment where creativity meets functionality, ultimately transforming the landscape of decentralized applications.

Media

Media

Integrations Supported

Ethereum

Integrations Supported

Babylon
Indent
Kado
Kiln
OnFinality
Tres Finance
stakefish

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

Juno

Company Website

www.junonetwork.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

Smart Contract

Not specified

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