TRUEBIT: The next1000x token that no one has heard of.
Why haven't you heard of Truebit? Because the paypal mafia didn't want you to hear about it.
I encourage you all to take a deeper look into the utility of this token, the potential, and the minds behind it. It has sat dormant for years, awaiting this very moment in which it will fundamentally change Ethereum and decentralized cloud computation forever.
Don't get it confused with TrueFI. A token that I believe was created for the sole purpose of confusing buyers.
Find it here: https://coinmarketcap.com/currencies/truebit/
0xf65B5C5104c4faFD4b709d9D60a185eAE063276c
Only found on Uniswap and some lesser known exchanges.
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:
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.
Don't sleep on Truebit. It will become a 'household name' overnight. Check their very inactive twitter that has suddenly woke up. The clock is ticking.
JUST MY OPINION. INVEST AT YOUR OWN RISK.
I encourage you all to take a deeper look into the utility of this token, the potential, and the minds behind it. It has sat dormant for years, awaiting this very moment in which it will fundamentally change Ethereum and decentralized cloud computation forever.
Don't get it confused with TrueFI. A token that I believe was created for the sole purpose of confusing buyers.
Find it here: https://coinmarketcap.com/currencies/truebit/
0xf65B5C5104c4faFD4b709d9D60a185eAE063276c
Only found on Uniswap and some lesser known exchanges.
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.
Don't sleep on Truebit. It will become a 'household name' overnight. Check their very inactive twitter that has suddenly woke up. The clock is ticking.
JUST MY OPINION. INVEST AT YOUR OWN RISK.
Note
Great explanation of Truebit's tokenomics.youtube.com/watch?v=kN7qvpns0v0&ab_channel=ANon
Note
The only reason why decentralized apps on Ethereum haven’t truly taken off and been widely adopted is because of this: Running applications across a distributed ledger on a blockchain isn’t economical. It was never made to be economical. That’s the catch! Truebit is about to change the world overnight. This has been the plan since 2014.
Watch what happens to Truebit's market cap on 6/7/22.
Note
Truebit went completely under the radar at Bloomberg Tech. Surprising! The wait continues for this beast to become known. Maybe we'll see some more action around the ETH 2.0 mainnet launch. I'm also wondering when Truebit will start their marketing efforts.Regardless, we're currently sitting at a price that presents a great buying opportunity for anyone still interested. Anywhere between .15-.21 is a golden entry. Sit tight but don't fall asleep!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.