Truebit Protocol (TRU) Price

#

$0.1736

20.83%24h
+ 0.02993$
$0.1395 $0.1740
24h Change Range

Market Cap

$-+
0.00%

Volume (24h)

$439.6K+

F.D Valuation

34.5M+

Circulating Supply

-+

Total Supply (Est.)

198.8M+

Max. Supply

Truebit Protocol Information

Official Website

truebit.io
Truebit Protocol Website

Truebit Protocol (TRU) Wallet

Contract Address

Block Explorers

Main Chain

Platforms

Source Code

Official Announcements

medium.com
Truebit Protocol (TRU) Historical Market

24 Price Range

-

All-Time High

$1.310 86.77%
5/2/2021 8:33 PM

All-Time Low

$0.07251 139.30%
Jan 07 2023

Truebit Protocol Chart

Truebit Protocol (TRU) Live Market Details and Information

What Is Truebit (TRU)? Truebit allows software running outside a blockchain environment to provide trusted results to smart contracts and applications running within a blockchain. 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. Research began in 2015 on this verification solution which today connects blockchains to both on-chain and off-chain data while enabling smart contracts to securely perform complex computations in standard, easy-to-use programming languages at significantly reduced gas costs. Unlike sharding and other methods for distributing high transaction throughput, Truebit processes complex and large transactions via a consensus mechanism involving a minimal number of redundancies, making it a novel solution for Web 3.0 infrastructure. The bulk of computation occurs with off-chain resources. Verifier’s Dilemma - What Makes Truebit Unique? Rather than relying on external, cryptographic proofs of correctness, Truebit brings scalable computation to blockchains by leveraging game theory principles and financial incentives to increase the on-chain computation power of existing networks and reduce marginal gas costs. While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains due to the Verifier's Dilemma. Truebit counteracts this via a retrofitting oracle that achieves correct computational results. Truebit’s microeconomy ensures trustless verification through a financial incentive layer atop a dispute resolution layer. Who is the founder of Truebit (TRU)? Truebit was founded by mathematician and computer scientist Jason Teutsch who co-authored the whitepaper with Ethereum’s Solidity creator and team lead, Christian Reitwiessner. Jason holds a PhD in Mathematics, was a two-time US Fulbright Fellow, and co-discovered the Verifier’s Dilemma. Applications Applications include: Layer-2 settlements DeFi settlements and bookkeeping Batch verification of cryptographic signatures Checking proof-of-work Performing operation(s) with high computational complexity Any smart contract can issue a computation task to Truebit in standard languages (C, C++, or Rust) without concern for Ethereum’s gas limit. Truebit’s WebAssembly-based architecture can read functions and data from Ethereum bytes, smart contract program code, or IPFS. What kind of token is Truebit (TRU)? The supply of TRU tokens may fluctuate over time. Learn more about Truebit: Getting started with Truebit on Ethereum An Intro to TrueBit: A Scalable, Decentralized Computational Court Learn more about Ethereum: Ethereum style='color:#00c288; font-weight:bold;'>ethereum.org/en/

FAQs About Truebit Protocol (TRU)

The current price of 1 Truebit Protocol (TRU) in USD is $0.1736. This price is currently -86.77% than its all-time high (ATH) of $1.310, and 139.30% than its all-time low (ATL) of $0.07251.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions, investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Truebit Protocol’s price.

The market capitalization of Truebit Protocol (TRU) is $0.00E+000 as of today.
Truebit Protocol (TRU) is currently ranked # in the market, and this market cap is calculated by multiplying the current price of Truebit Protocol with the circulating supply.
The circulating supply of Truebit Protocol (TRU) is 0, meaning there are 0 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Truebit Protocol (TRU) in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Truebit Protocol (TRU)’s official platforms.

The trading volume of Truebit Protocol (TRU) today is $439,554.00. This represents the total value of Truebit Protocol (TRU) transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token. As of now, Truebit Protocol (TRU) is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.

The trading volume metric, which plays a vital role in market assessment, reveals the extent of Truebit Protocol's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.

Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Truebit Protocol (TRU) to make well-informed trading decisions.

The all-time high (ATH) price of Truebit Protocol (TRU) is $1.310. This ATH was reached on 02 May 2021, marking the highest value ever for Truebit Protocol (TRU) in the market. Currently, Truebit Protocol is lower than its ATH by -86.77%, reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Truebit Protocol, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.

The all-time low (ATL) price of Truebit Protocol (TRU) is $0.07251. This ATL was reached on 07 Jan 2023, marking the lowest value ever for Truebit Protocol (TRU). Currently, Truebit Protocol is higher than its ATL by 139.30%, reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Truebit Protocol (TRU), offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.

To buy Truebit Protocol (TRU), you can follow these steps:
1. Choose a Cryptocurrency Exchange: Truebit Protocol (TRU) is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Truebit Protocol against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Truebit Protocol.
4. Place an Order: After funding your account, navigate to the Truebit Protocol (TRU) trading pair (e.g., Truebit Protocol/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Truebit Protocol in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Truebit Protocol (TRU).

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