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.
Integrations
Similar Software to Truebit
Nasdaq Boardvantage
Introducing an innovative board portal and collaboration solution tailored for boards and senior executives. Discover how Nasdaq Boardvantage streamlines board activities by eliminating paper usage and significantly reducing meeting preparation times. You can effortlessly schedule both single and multi-day meetings in just seconds, while also adding relevant details, attaching important documents, tracking attendance, and even setting up remote meetings. To ensure data protection, the platform employs encryption alongside multiple layers of security to maintain confidentiality, integrity, and availability of information. Additionally, you can swiftly generate and distribute evaluations for boards and committees, as well as handle Conflict of Interest inquiries and general surveys. The platform allows for efficient management of files, contacts, and signatures while fostering collaboration through features like notifications, annotations, and the ability to conduct unanimous consent votes, along with e-signatures and secure in-app email communication. It is designed for accessibility on various devices, including smartphones, tablets, and desktops, ensuring a seamless synchronization experience both online and offline. Overall, Nasdaq Boardvantage enhances the efficiency and security of board operations significantly.
Learn more
E42 AI Accounts Payable Automation
Neil simplifies the accounts payable process by efficiently managing a variety of invoice formats from multiple sources and integrating smoothly with your ERP system. This automation allows your team to concentrate on more strategic tasks while Neil guarantees precise and prompt invoice handling, achieving an impressive accuracy rate of over 85%.
In addition to surpassing traditional RPA and OCR capabilities, Neil utilizes cutting-edge AI and machine learning to gather essential data, enhance workflows, and ensure effective communication with vendors. The outcome is a remarkable 90% straight-through processing rate, which leads to a significant decrease in human error, improved vendor satisfaction, and overall enhanced cash flow, benefiting your organization with better visibility and increased vendor discounts through timely payments. Moreover, Neil's ability to adapt to changing invoice formats ensures continued efficiency as your business evolves.
Learn more
Cartesi
Develop smart contracts using widely adopted software frameworks to transition from Solidity into the broader landscape of software tools on Linux, marking a significant step forward. This shift enables exceptional computational scalability, facilitates access to large datasets, and guarantees low transaction fees, all while preserving the robust security features inherent to Ethereum. Whether for gaming platforms that protect player data or corporate solutions managing sensitive information, your decentralized applications can effectively safeguard user privacy. Descartes performs extensive computations off-chain by utilizing a Linux virtual machine governed entirely by a smart contract, ensuring efficiency and reliability. The results of these computations are validated and enforced on-chain by trustworthy Descartes node operators, thus maintaining the strong security guarantees offered by the underlying blockchain. By successfully addressing Ethereum’s scalability limitations, you can realize computational efficiencies that far exceed previous benchmarks, all while upholding the blockchain’s security integrity. This progression not only improves the user experience but also expands the array of possible applications for decentralized technologies, opening new avenues for innovation and collaboration. As the technology evolves, it paves the way for more sophisticated and diverse decentralized applications, further enriching the ecosystem.
Learn more
Hacken
Hacken stands out as a prominent entity in the blockchain security landscape, boasting an impressive portfolio that includes over 2,000 audits for more than 1,500 clients across the globe since its inception in 2017. Their esteemed clientele features notable names such as 1inch, Radix, NEAR Protocol, Sandbox, Wemix, Status, Aurora, ShapeShift, Unicrypt, Venom, Enjin, and PolkaStarter, among others. Supported by a talented team of over 150 professionals, which includes 60 highly skilled engineers, Hacken is committed to safeguarding projects in the blockchain space. Their reputation is further enhanced by endorsements from industry leaders like Coingecko and Coinmarketcap, reflecting the high regard in which they are held. In addition to Smart Contract Security Audits, Hacken provides a wide range of services, including Blockchain Protocol Audits, Penetration Testing, dApp Audits, Crypto Wallet Audits, Cross-Chain Bridge Audits, Bug Bounties, Proof of Reserves, CCSS Audits, and Tokenomics Audits & Design. Their comprehensive offerings extend to areas such as security audits, bug bounties, DORA Compliance, AML Monitoring, and Threat-Led Penetration Testing, positioning Hacken as a key player in merging innovation with regulatory compliance. By partnering with institutions like the European Commission and ADGM, Hacken not only establishes security benchmarks but also cultivates trust and fortifies the resilience of the blockchain ecosystem. This commitment to excellence ensures that Hacken remains at the forefront of advancements in blockchain security.
Learn more
Screenshots and Video
Company Facts
Company Name:
Truebit
Date Founded:
2017
Company Website:
truebit.io
Product Details
Deployment
SaaS
Training Options
Documentation Hub
Video Library
Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English