Truebit TRU Token is the new latest sensation in the market because of the star team. We detailed mentioned the project in this article.
Contents
About Truebit (TRU) Token:
Introducing (TRU) Truebit allows smart contracts to securely perform complex computations in standard programming languages at reduced gas cost It utilizes unique game theory aspects that were built in collaboration with Vitalik Buterin, & it has proven itself to be a powerhouse
The masterminds behind TRU consist of Christian Reitweissner – team lead at ETH and founder of Ethereum programming language Jason Teutsch – Solidity dev and ETH advocate close to Vitalik Buterin Fred Ehrsam – founder of Coinbase
To fully understand what I am about to go over, let us first get a basic understanding of what exactly TRU is trying to solve, & go over its token economics… Shortly after beginning his work at ETH, Christian co-discovered the “Verifiers Dilemma” along with Vitalik Buterin.
Vitalik Buterin then put Jason (math wiz and game theory prodigy) in touch w Christian to begin working on TRU with an aim to solve this dilemma…
The Verifiers dilemma is a security vulnerability in the POW consensus model When verifying txs across the network, nodes are going through computational “puzzles” to confirm blocks for a reward This reward is only granted to the first miner to “prove” they did the work.
In some cases, this may mean that miners may use a lot of resources on complex computational tasks, without receiving any reward in the process. If the nodes aren’t all incentivized to give out correct answers, it can create potential security issues on ETH
TRU implements a “verification game” which uses game theory to ensure nodes are giving out the right answer Essentially, TRU turns ETH from a “slow”, distributed world computer, to a massively scalable one Think of it like a big decentralized, mathematical court for ETH.
Truebit does this by offering a retrofitting oracle that 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.
Truebit Protocol Price and Market Stats
| TRU Price | $0.690304 |
|---|---|
| Market Cap | ? |
| Market Cap Dominance | 0.00% |
| Trading Volume | $641,588,074 |
| Volume / Market Cap | |
| 24h Low / 24h High | $0.290318 / $1.31 |
| 7d Low / 7d High | $0.153314 / $0.874671 |
| Market Cap Rank | N/A |
| All-Time High | $1.31 -41.9% May 02, 2021 (about 9 hours) |
| All-Time Low | $0.096461 689.5% Apr 28, 2021 (5 days) |
Truebit (TRU) Official Website:
Website: truebit.io
How to Buy Truebit (TRU) Token Coin?
- Create a MetaMask Wallet
- Send ETH to MetaMask Wallet
- Open Uniswap and Connect the MetaMask Wallet and Paste the Contract Address
- Contract Address: “0xf65b5c5104c4fafd4b709d9d60a185eae063276c”
- Select the amount and swap.
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FAQ:
Q: Where to Buy Truebit (TRU) Token?
Buy using Uniswap and MetaMask Wallet.
Q: What is the Price of Truebit (TRU) Token?
Turebit Price: $0.700126
Q: What is the Price Prediction of Truebit (TRU) Token?
Short Term – $10
Long Term – $100
Q: Who is the Founder of Truebit (TRU)?
Founder: Jason Teutsch
Please help? How do I swap the tru token back to ETH?
To Buy ETH to TRU
TO Sell TRU to ETH
Simple.