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Description

Truebit serves as an enhancement to blockchain technology, allowing smart contracts to execute intricate computations in conventional programming languages while minimizing gas expenses. Although smart contracts excel at handling minor computations with accuracy, they face significant security vulnerabilities when tasked with larger computations. To address this issue, Truebit introduces a trustless oracle that retrofits existing systems, ensuring the accurate execution of complex tasks. Smart contracts can submit their computation requests to this oracle in the format of WebAssembly bytecode, and in return, anonymous miners earn rewards for providing correct solutions. The protocol of the oracle upholds accuracy through two distinct layers: a unanimous consensus layer that permits anyone to challenge incorrect answers and an on-chain system that motivates engagement and guarantees equitable compensation for participants. The realization of these elements is achieved through an innovative blend of off-chain infrastructure and on-chain smart contracts, thereby enhancing the overall functionality and security of blockchain networks. This dual approach not only improves computational reliability but also fosters a more robust ecosystem for decentralized applications.

Description

Webacy is the ultimate layer of protection for your assets that you are responsible for. We've developed a super-simple solution that uses smart contracts to help secure your blockchain assets. Assess the risk to your wallet of potential compromises with our Risk Score. Wallet Watch allows you to monitor your transactions and approvals across all of your wallets in real-time. Panic Button allows you to act on potentially suspicious transactions with a single click. Our self-executing contract will allow us to expand our products into transaction firewalls via private RPC's and mempool interrupters, among others. Our Risk Score can be embedded into other products such as marketplaces, exchanges and payment methods. Webacy creates a safer web3 that is accessible to everyone.