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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 Sherlock?

Sherlock functions as a blockchain security service that delivers extensive audits of smart contracts through an innovative hybrid model that combines expert reviews with crowdsourced audit competitions to identify vulnerabilities that may be missed by traditional methods. This cutting-edge approach integrates careful analysis from top security professionals with active participation from the global security community, ensuring that the code undergoes rigorous examination incentivized by financial rewards for participants. After completing an audit, Sherlock provides optional coverage for smart contracts, which can offer payouts of up to $500,000 USDC for any flaws that go undetected, aligning the platform's goals with those of its clients. The platform also runs ongoing bug bounty initiatives, which require a small deposit for each submission to reduce the influx of irrelevant reports, while expert triaging makes certain that only the most critical vulnerabilities are communicated to clients. To promote fairness and transparency in the claims process, an impartial third party oversees it, thereby building trust within the community and among users. This multifaceted approach not only bolsters security but also fosters a spirit of collaboration in recognizing and mitigating potential threats, ultimately benefiting all stakeholders involved. By engaging both experts and the wider community, Sherlock strives for continuous improvement in the security landscape.

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

Sherlock

Date Founded

2021

Company Location

United States

Company Website

sherlock.xyz/

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