Truebit
Crypto Overview
Overview
Truebit is a protocol designed to solve the computational scalability problem in blockchain networks. It aims to enable complex computations that are too expensive to perform directly on the Ethereum blockchain by providing a solution for off-chain computation verification.
Purpose and Utility
Truebit's primary purpose is to serve as a computational marketplace where users can request computational tasks to be performed off-chain, and validators can earn rewards for performing and verifying these computations. The TRU token is used as the native currency within this marketplace.
Business Model
The protocol operates through a system where 'Solvers' perform computations and 'Verifiers' check their work. The token serves as both an incentive mechanism and medium of exchange within this system. The business model is transparent and focuses on providing legitimate computational services.
Development and Adoption
While the project maintains an active GitHub repository and continues development, current adoption remains limited. The team has historically been focused on technical development rather than marketing, which aligns with their stated goals of solving real technological challenges.
Token Distribution
The token distribution appears to be relatively well-distributed, with no concerning concentration in founder or early investor wallets. The project has maintained transparency regarding token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in Truebit from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Truebit.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.