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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 Kaspersky Blockchain Security?

The emergence of blockchain technology is transforming a multitude of sectors, moving well beyond its original link to cryptocurrencies. Its diverse applications have positioned blockchain as a key component in enhancing business efficiencies, notably impacting the manufacturing industry as well. Today, blockchain plays a crucial role in numerous fields such as IoT systems, workflow management, and more, solidifying itself as a modern benchmark for countless enterprises. Although it prioritizes security, blockchain networks still face threats that could compromise sensitive data tied to users' assets and infrastructure. Consequently, it is vital to establish strong protective measures to effectively shield this information from harm. Quick reactions to security breaches, identity fraud, and other potential threats are essential for preserving the system's integrity. Additionally, actively defending against cyberattacks is critical to maintain a secure and functional network, thus averting possible interruptions. As the landscape of blockchain technology continues to evolve, organizations must remain alert and adaptable in their approaches to tackle new vulnerabilities that may arise. By doing so, they can ensure that they stay ahead in a rapidly changing digital environment.

Media

Media

Integrations Supported

Ethereum
IBM Cloud
Microsoft 365

Integrations Supported

Ethereum
IBM Cloud
Microsoft 365

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

Kaspersky Blockchain Security

Date Founded

1997

Company Location

Russia

Company Website

www.kaspersky.com/enterprise-security/blockchain-security

Categories and Features

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