TrueBit

TrueBit

Created using Figma
Created using Figma
Enables support for more powerful off-сhain smart contract computations (like rendering photos or machine learning and artificial intelligence) on the distributed application platform
Risk: Very High
Nov 1, 2017
Dec 1, 2017
100% completed
Raised funds - no Data
past
Token Details
Ticker
TM-TRUEBIT
Company Details
Registered Country
United States
Additional Details
Whitelist
Yes ,
Categories
Cryptocurrency, Software

About TrueBit

Secure, scalable, decentralized computation.

TrueBit gives Ethereum smart contracts a computational boost. Don't let Ethereum's gas limit drag your imagination! A novel incentive structure guarantees fast, reliable, and affordable results without third-party trust.

Applications.

TrueBit integrates with existing technology. Here's what's in store.

  • A community cloud you can trust. Offer rewards in exchange for computational tasks, or get paid for providing correct solutions.
  • Dogether. Add smart contract functionality to your cryptocurrency, or trade its tokens without an exchange.
  • Scalable "on-chain" storage. Store data on Swarm or an external blockchain, and then use it as input for smart contracts.
  • Increase transaction throughput. Build your own cryptocurrency with high transaction volume.
  • Interact with miners like never before. Introducing smart contracts that can check any proof-of-work.
  • Decentralized streaming video via Livepeer.
  • Autonomous machine learning including the ArtDAO and vision-enabled smart contracts.
  • Democratic Hypercatallaxy, Lexon, Consortium Chains, and other Mind-blowing combos.

Features

- Using the TrueBit project, smart contract can actually ask external programs to execute routines for them in a trustless manner
- The verification game: a user can request a solution to a computational task or puzzle, and anyone can solve it in exchange for a reward
- The Golem Project, already cites TrueBit as a verification mechanism for their forthcoming outsourced computation network

Activity

TrueBit Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Jason Teutsch
Mathematician & Founder
unverified
Christian Reitwiessn...
Whitepaper coauthor
unverified
1.60
negative
5.0 10
ICO Profile Vision Activity Potential Product Team

TrueBit Reviews

bitcoinexchangeguide.com
News, reviews

But as much as it might appear like this TrueBit endeavor is a work-in-progress sort of project, its developers are persons of repute and give us the confidence to trust in it. Christian Reitwiessner is its lead developer and is responsible for this network's Solidity smart contracting language. He works alongside Jason Teutsch, a notable math guru.

The potential this project has is quite remarkable. If indeed it becomes a success turning Ethereum into a decentralized computational hub, it will be revolutionary. Meanwhile, it is about being optimistic and the wait-and-see game.

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Luntik
It's just a beast and a scientificly backed one. Still no ICO, no tokens, nothing. Got MVP, great activity throughout and overall interesting project that's hiding in somewhat cute retro feeling website. Very interested in this one. 
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Luntik
It's just a beast and a scientificly backed one. Still no ICO, no tokens, nothing. Got MVP, great activity throughout and overall interesting project that's hiding in somewhat cute retro feeling website. Very interested in this one. 
Read More
COINKO
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