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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

A decentralized platform enables applications to utilize reliable off-chain computation and data resources. This pioneering market network allows participants to profit from their applications, servers, and datasets. Developers can leverage iExec to bypass the constraints of blockchain technology by running their computations on an innovative distributed infrastructure. Meanwhile, providers have the opportunity to earn by renting out their computing power, executing tasks for various applications. Token holders can engage in the cryptocurrency economy, freely trading RLC tokens at their convenience. iExec not only transforms the landscape of cloud computing but also facilitates the trading of cloud resources on a global scale, akin to other commodities. Users can quickly access substantial computing power from providers offering competitive rates. Additionally, iExec provides CLI and JS libraries to assist developers in their projects. By utilizing the iExec decentralized cloud, users can perform ‘off-chain’ computations, effectively addressing the scalability challenges of Ethereum while opening up new avenues for innovation and growth. This shift marks a significant evolution in how cloud resources are accessed and utilized.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Ethereum

Integrations

Ethereum

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Truebit

Founded

2017

Website

truebit.io

Vendor Details

Company Name

iExec

Country

France

Website

iex.ec/

Product Features

Alternatives

Alternatives

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