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About TrueChain

TrueChain is a secure, scalable, and permissionless public blockchain ecosystem that is powered by a hybrid consensus mechanism called Minerva. Minerva employs the use of Proof Of Work and Delegated Proof of stake consensus mechanisms. Delegated POS is a consensus mechanism where users delegate their work to other people in order to reach consensus rather than doing it themselves.

The PoW protocol reduces mining attacks and brings miners of different hash powers to the miner community. Thus TrueChain's hybrid consensus mechanism achieves speed, decentralization, and security.

TrueChain claims to provide the underlying public blockchain infrastructure with high security and performance for decentralized applications (DApps) and financial transactions. TrueChain seeks to develop a well-governed and efficient blockchain system for a properly decentralized economy.

Some of the main features of the TrueChain platform are:

● Tackles the obstacles of permissionless blockchain:TrueChain seeks to solve the conflict between decentralization and efficiency for permissionless blockchain via hybrid consensus and secure sharding. Sharding is a database-partitioning technique through which a blockchain company's entire network is split into smaller partitions, known as "shards," to process more transactions per second.

● Hybrid consensus incentive model:TrueChain has developed a hybrid consensus incentive model to use economics as a drive to improve the chain.

● Stable and low gas fee mechanism:TrueChain claims to have developed a stable gas fee mechanism that reduces the expense for the developers/operators of DApps.

● Open-sourced grid of products:This open-sourced grid of products supports the hybrid consensus permissionless blockchain platform and makes the chain easy to use.

The native currency of TrueChain is the TRUE token used for transaction gas fees and staking.

The Truechain organization was founded in December 2017 by Eric Zhang and is headquartered in Singapore. The total supply of TRUE tokens is 100 million. There are over 3000 developers in the TRUE tech community.

Market

Australia Market Stats

Market cap

-

Volume (24h)

-

Circulating supply

-

All time high

A$5.66

Price change (1h)

+0.29%

Price change (24h)

+2.82%

Price change (7d)

+0.46%

Australia News about TrueChain

BeInCrypto • May 02, 24

Top VCs Join EYWA’s Seed Round Led by Curve’s Founder

EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi ...

Read more

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The Defiant • May 02, 24

Crypto Markets Bounce After Fed Leaves Interest Rates Unchanged

Bitcoin and Ether are up 4% in the past 24 hours, while Solana has surged 12%.

Read more

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Unchained • May 02, 24

Tether’s Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin Industry

Tether’s record first-quarter profit is an indicator of its ongoing dominance, stablecoin experts say, keeping the stablecoin issuer in pole position as regulation attempts mount. Though Tether recorded a profit of $4.52 billion in the first quarter, with most of that coming from its gains on its...

Read more

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DL News • May 02, 24

Solana surge to $140 shows investors couldn’t care less about the Fed

Hawkish or dovish, for Solana investors, it's still all just gibberish.

Read more

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Decrypt • May 02, 24

Ethereum and Solana Meme Coin Prices Surge Amid Modest Bitcoin Gains

Bitcoin is rising after a rough week, but meme coins like Pepe, Bonk, Dogwifhat, and Dogecoin are the biggest winners today.

Read more

News Article Image

The Block • May 02, 24

Bitcoin and ether rally hinges on US economic policy’s ability to restrain dollar strength, analysts say

Bitcoin and ether have both rallied back above the $59,000 and $3,000 marks, respectively, according to The Block's Prices Page.

Read more

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TrueChain is on the rise this week.

The price of TrueChain has increased by 0.29% in the last hour and increased by 2.82% in the past 24 hours. TrueChain’s price has also risen by 0.46% in the past week. The current price is A$0.000993 per TRUE with a 24-hour trading volume of A$0.00. Currently, TrueChain is valued at 99.98% below its all time high of A$5.66. This all-time high was the highest price paid for TrueChain since its launch.

The current circulating supply of TrueChain is 0 TRUE which means that TrueChain has as total market cap of 0.

FAQ

What is the current price of TrueChain?

We update our TrueChain to AUD currency in real-time. Get the live price of TrueChain on Coinbase.

What is the market cap of TrueChain?

The current market cap of TrueChain is A$0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of TrueChain?

The all-time high of TrueChain is A$5.66. This all-time high is highest price paid for TrueChain since it was launched.

What is the 24 hour trading volume of TrueChain?

Over the last 24 hours, the trading volume of TrueChain is A$0.00.

What other assets are similar to TrueChain?

Assets that have a similar market cap to TrueChain include Wateenswap, Phemex Token, cats (Ordinals), and many others. To see a full list, see our comparable market cap assets.

How many TrueChain are there?

The current circulating supply of TrueChain is 0.

Can I buy TrueChain on Coinbase?

Yes, TrueChain is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy TrueChain guide.