Rank #15370
tru Truebit Protocol
$ 0.2281
0.053325 BTC
332 satoshies
Market Cap
-
24 Hour Trading Vol
136,718.8263 $
Circulating Supply
-
Total Supply
182,77 MLN.
Max Supply
-
Fully Diluted Valuation
45,56 MLN. $
Low
Range
High
Info
Contract
0xf65b5c5104c4fafd4b709d9d60a185eae063
276c
Website
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Community
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API id
Source code
tags
1h
24h
7d
1m
1y
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Truebit Protocol Price Statistics
0.2281 $
0.223 $ / 0.2507 $
136,718.8263 $
#15370
1.31 $
-82.58%
02 May, 2021, (4 years ago)
0.0725 $
214.71%
07 January, 2023, (3 years ago)
Truebit Protocol Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Truebit Protocol Performance
Trading Pair
day
week
month
tru
/
usd
-2.89%
2.25%
21.95%
tru
/
btc
-2.89%
2.25%
21.95%
tru
/
eth
-2.89%
2.25%
21.95%
About Coin
What Is Truebit (TRU)?
Truebit allows software running outside a blockchain environment to provide trusted results to smart contracts and applications running within a blockchain. The platform allows practically unlimited external compute resources to be applied in a trusted way to extend the performance, throughput, and scalability of its host blockchain. Research began in 2015 on this verification solution which today connects blockchains to both on-chain and off-chain data while enabling smart contracts to securely perform complex computations in standard, easy-to-use programming languages at significantly reduced gas costs.
Unlike sharding and other methods for distributing high transaction throughput, Truebit processes complex and large transactions via a consensus mechanism involving a minimal number of redundancies, making it a novel solution for Web 3.0 infrastructure. The bulk of computation occurs with off-chain resources.
Verifier’s Dilemma - What Makes Truebit Unique?
Rather than relying on external, cryptographic proofs of correctness, Truebit brings scalable computation to blockchains by leveraging game theory principles and financial incentives to increase the on-chain computation power of existing networks and reduce marginal gas costs.
While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains due to the Verifier's Dilemma. Truebit counteracts this via a retrofitting oracle that achieves correct computational results. Truebit’s microeconomy ensures trustless verification through a financial incentive layer atop a dispute resolution layer.
Who is the founder of Truebit (TRU)?
Truebit was founded by mathematician and computer scientist Jason Teutsch who co-authored the whitepaper with Ethereum’s Solidity creator and team lead, Christian Reitwiessner. Jason holds a PhD in Mathematics, was a two-time US Fulbright Fellow, and co-discovered the Verifier’s Dilemma.
Applications
Applications include:
Layer-2 settlements
DeFi settlements and bookkeeping
Batch verification of cryptographic signatures
Checking proof-of-work
Performing operation(s) with high computational complexity
Any smart contract can issue a computation task to Truebit in standard languages (C, C++, or Rust) without concern for Ethereum’s gas limit. Truebit’s WebAssembly-based architecture can read functions and data from Ethereum bytes, smart contract program code, or IPFS.
What kind of token is Truebit (TRU)?
The supply of TRU tokens may fluctuate over time.
Learn more about Truebit:
Getting started with Truebit on Ethereum
https://medium.com/truebit/getting-started-with-truebit-on-ethereum-ac1c7cdb0907
An Intro to TrueBit: A Scalable, Decentralized Computational Court https://medium.com/@simondlr/an-intro-to-truebit-a-scalable-decentralized-computational-court-1475531400c3
Learn more about Ethereum:
Ethereum
https://ethereum.org/en/
Where is Truebit Protocol available for purchase?
You can exchange TRU tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Truebit Protocol is Uniswap V3 (Ethereum), notably the TRU/WETH pair, which saw a trading volume of $ 131,310 in the past day. Additionally, BitMart and MEXC are popular alternatives for trading tokens.
What is the highest value Truebit Protocol (TRU) has ever reached?
Truebit Protocol (TRU) reached its peak price at 1.31 $ on 02 May 2021, approximately 4 years ago ago. Presently, the current price is -82.58% lower than this all-time high.
What is the historical minimum price for Truebit Protocol (TRU)?
The minimum price reached for Truebit Protocol (TRU) was 0.0725 $, documented on 07 January 2023, more than 3 years ago. In comparison, the current price is 214.71%, it above this historical low.
What is the fully diluted valuation of Truebit Protocol (TRU)?
The fully diluted valuation (FDV) of Truebit Protocol (TRU) stands at $ 45,56 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of TRU tokens. The realization of this FDV might take several years depending on the emission schedule of TRU tokens.
How to add Truebit Protocol (TRU) to MetaMask?
By integrating Truebit Protocol (TRU) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import TRU as a token. You can either manually import TRU by copying its contract address (0xf65b5c5104c4fafd4b709d9d60a185eae063276c) or use MetaMask's Chrome extension to add TRU with a single click through P.CASH.
How to add Truebit Protocol (TRU) to TrustWallet?
Incorporating Truebit Protocol (TRU) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include TRU, you can either manually import it using the contract address (0xf65b5c5104c4fafd4b709d9d60a185eae063276c) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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