Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
Truebit (TRU)

Truebit (TRU)

Contracts: 0xf65B5C5104c4faFD4b709d9D60a185eAE063276c

While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains. Truebit counteracts this shortcoming via a trustless, retrofitting oracle which correctly performs computational tasks. Any smart contract can issue a computation task to this oracle in the form of WebAssembly bytecode, while anonymous “miners” receive rewards for correctly solving the task.

The oracle’s protocol guarantees correctness in two layers: a unanimous consensus layer where anyone can object to faulty solutions, and an on-chain mechanism which incentivizes participation and ensures fair remuneration. These components formally manifest themselves through a combination of novel, off-chain architecture and on-chain smart contracts.

Rather than relying on external, cryptographic proofs of correctness, Truebit leverages game theoretic principles to effectively increase the on-chain computation power of existing networks.

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.

Timeline

February 10, 2022

Patents

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

CESC2017 - Jason Teutsch - A Scalable Verification Solution for Blockchains

October 17, 2017

Golden logo
By using this site, you agree to our Terms & Conditions.