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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 Suterusu?

Each day, numerous transactions take place on the blockchain, forcing users to sacrifice their privacy because anyone who knows their address can access their entire financial record. To tackle this challenge, Suterusu has introduced a revolutionary Layer 2 privacy-preserving protocol known as Suter Shield, which effectively masks the identities of senders and receivers to safeguard transaction information using advanced cryptographic techniques. By decoupling the addresses that enter and exit Layer 1, this solution ensures complete anonymity for both users and transaction details within Layer 2. The protocol also features a sophisticated ZK-ConSNARK framework, characterized by a proof size that remains virtually unchanged, along with streamlined processes for proof generation and verification. This breakthrough not only bolsters security but also cultivates increased trust among users engaging in blockchain transactions. Furthermore, Suter Shield represents a significant advancement in privacy technology, paving the way for more secure and confidential digital interactions.

Media

Media

Integrations Supported

Ethereum

Integrations Supported

Ethereum
BNB Smart Chain (BSC)
Fantom
MetaMask
Polygon

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

Suterusu

Company Website

suterusu.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

Layer 2 Protocols

Not specified

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