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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

Canada Market Stats

Market cap

-

Volume (24h)

-

Circulating supply

-

All time high

CA$5.07

Canada Market performance

Price change (1h)

+0.4%

Price change (1d)

+3.95%

Price change (1w)

+1.71%

Price change (2w)

+2.52%

Price change (1m)

+392.88%

Price change (1y)

-96.16%

Canada News about TrueChain

BeInCrypto • May 02, 24

Fantom (FTM) Price Correction Concludes as Buy Signals Emerge

Fantom's price trading above a key support level is flashing a buy signal which could trigger a recovery, however, the chances of a consolidation are still high.The post Fantom (FTM) Price Correction Concludes as Buy Signals Emerge appeared first on BeInCrypto.

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The Defiant • May 02, 24

EigenLayer Increases Minimum Airdrop Allocation

More than 280,000 users of the restaking protocol will receive an additional 100 EIGEN tokens.

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Bitcoin Magazine • May 02, 24

Michael Saylor Delivers Bitcoin Masterclass To Fortune 1000 Companies

Michael Saylor delivered Keynote remarks at MicroStrategy (MSTR) World: Bitcoin for Corporations conference to attending Fortune 1000 companies.

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The Block • May 02, 24

Dorsey’s Block to invest 10% of bitcoin profits into BTC each month, shares rise on Q1 earnings beat

Jack Dorsey's Block will be investing 10% of its gross profit from bitcoin products into bitcoin purchases and will open-source its treasury.

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Unchained • May 02, 24

Eigen Foundation to Allocate an Additional $1,000 in EIGEN Tokens to Over 280,000 Users

The Eigen Foundation announced Thursday that it will allocate an additional 100 EIGEN tokens, currently worth about $1,000, to more than 280,000 users in an effort to increase the accessibility of its token for early adopters and respond to community criticism of specific details of EigenLayer’s ...

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Decrypt • May 02, 24

Jito Price Jumps After Topping Solana DeFi Protocols With $1 Billion Locked

Jito Network became the top DeFi protocol on Solana, with liquid staking pool token JitoSOL rising by 8.5%.

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Related Assets

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TrueChain is on the rise this week.

The price of TrueChain has increased by 0.40% in the last hour and increased by 3.95% in the past 24 hours. TrueChain’s price has also risen by 1.71% in the past week. The current price is CA$0.000896 per TRUE with a 24-hour trading volume of CA$0.00. Currently, TrueChain is valued at 99.98% below its all time high of CA$5.07. 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 CAD 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 CA$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 CA$5.07. 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 CA$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.