Truebit Protocol (TRU)

Truebit Protocol, with ticker TRU, is a blockchain enhancement that provides a scalable verification solution for blockchains. It enables smart contracts to securely perform complex computations in standard programming languages while reducing gas costs. The protocol leverages a trustless retrofitting oracle that correctly performs computational tasks submitted by smart contracts using WebAssembly bytecode. Anonymous miners receive rewards for correctly solving these tasks. The protocol ensures correctness through the novel, off-chain architecture and on-chain smart contracts.

Truebit Protocol addresses the security risks associated with large computation tasks on blockchains by providing a scalable and trustless solution. It increases the on-chain computation power of existing networks by leveraging game theoretic principles instead of relying on external cryptographic proof of correctness. Truebit can be used in various applications such as out-of-gas situations, on-chain cryptography, checking proof-of-work, high transaction throughput, decentralized video streaming, machine learning, insurance, and more. It offers a token model that allows users to obtain Truebit tokens directly through Truebit OS.

Truebit Protocol is designed to enhance the security and scalability of blockchains by enabling secure and cost-effective computation for smart contracts. Its trustless retrofitting oracle and game theoretic principles ensure the correctness of computational tasks issued by smart contracts. In contrast, the off-chain architecture and on-chain smart contracts provide a scalable solution. Truebit can be utilized in various use cases, from addressing out-of-gas situations to enabling decentralized video streaming and machine learning. The protocol also offers Truebit tokens, which can be obtained through Truebit OS.