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Market

Market stats

Market cap

-

Volume (24h)

$260,459.50

Circulating supply

-

All time high

$1.29

Price change (1h)

-0.83%

Price change (24h)

-11.23%

Price change (7d)

-23.94%

About Truebit

Truebit is a platform for blockchain enhancement that seeks to allow smart contracts to carry out complicated computations securely. 

The whitepaper states that the miners of Ethereum and Bitcoin are likely the world's immensely powerful computational resource, providing no more power of processing and verifying transactions. Truebit system aims to evade this bottleneck and provides scalable computation to Ethereum. Truebit acts as a catalyst for merging the power of autonomous systems such as Ethereum and Bitcoin with machine learning. The primary aim of Truebit is to determine the appropriate and trustless computations even with the inadequate computation bandwidth of miners. Thus, Truebit seeks to dramatically minimize the number of unnecessary network node computations employed in conventional Ethereum smart contracts. The platform also outsources a majority of computation work, thus seeking to make affordable computing securely.   

In addition, Truebit seeks to act as a worldwide computation market wherein any person in the world can post a computational activity and get a reward for finishing it. Also, Truebit aims to offer a platform to users where they can create a trustless, efficient, and practical mining pool handled by the Ethereum smart contract. 

Furthermore, Truebit intends to provide protected computation for smart contracts that can implement complex processes such as ring signature, bilinear maps, or security code verification. Users can utilize the platform for bookkeeping activities such as batch trading and cumulative yield payments. They can also share videos without depending on any centralized unit or authority. Besides that, the platform can seek to help validate claims, maintain premiums, and automate payouts. 

The native token of the Truebit platform is TRU. 

Task submitters can use the token to remunerate verifiers and solvers on the platform. After receiving the payment, verifiers and solvers can then release their tasks. TRU tokens are formed and destroyed with time as per the cumulative demand. Users can trade or withdraw TRU in exchange for ETH.  

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Truebit is on the decline this week.

The price of Truebit has decreased by 0.83% in the last hour and decreased by 11.23% in the past 24 hours. Truebit’s price has also fallen by 23.94% in the past week. The current price is $0.21 per TRU with a 24-hour trading volume of $260.46K. Currently, Truebit is valued at 83.54% below its all time high of $1.29. This all-time high was the highest price paid for Truebit since its launch.

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

FAQ

What is the current price of Truebit?

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

What is the market cap of Truebit?

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

What is the all time high of Truebit?

The all-time high of Truebit is $1.29. This all-time high is highest price paid for Truebit since it was launched.

What is the 24 hour trading volume of Truebit?

Over the last 24 hours, the trading volume of Truebit is $260.46K.

What other assets are similar to Truebit?

Assets that have a similar market cap to Truebit include Grok Inu, Covid Cutter, EventChain, and many others. To see a full list, see our comparable market cap assets.

How many Truebit are there?

The current circulating supply of Truebit is 0.

Can I buy Truebit on Coinbase?

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

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