As a normy I'm pretty bullish on the team behind Truebit.

Here's why:

1. Jason Teutsch: Founder and CEO
2. Dr. Christian Reitwiessner: Independent Researcher

Led by Jason Teutsch, one of the co-discoverers of Verifier's Dilemma (a challenge that arises in blockchains) and Dr. Christian Reitwiessner, the CREATOR of Ethereum's Solidity language.

Jason Teutsch is a mathematician and computer... More

In my opinion, buying and marketing go hand-in-hand, which is why this review is somewhat of an extension of the one I wrote about marketing. In this "Buy?" review, I explain why I would not buy and suggest how they could encourage people to actually make a purchase.

Their project is highly technical and, to be honest, even as an enthusiast, I don't completely understand the technical aspects of... More

Jason Teautsch is the co-founder and CEO of Truebit. Jason is a mathematician and computer scientist who specializes in distributed systems security, game theory and algorithmic randomness. He has published numerous papers on blockchain scaling and consensus algorithms and actually helped Vitalik to build Ethereum in the early days of the project.

Christen Reitwiessner is the other co-founder... More

I strongly believe that Truebit is a promising investment due to its innovation within blockchain networks and the solid(ity) ;) team behind the project.

As Truebit aims to solve the scalability issues faced by not only 1 but many blockchains, this sort of technology has the potential to revolutionise machine learning and artificial intelligence as they require high level computational power.... More

This project seems to have all the right ingredients for a crypto project to flourish and ‘moon’ in the next crypto bull cycle when you are looking at the project’s tokenomics, its use case and especially the credentials of the team. However from a business/marketing and transparency perspective these things all have a big question mark next to them. There is a severe lack of updates and... More

I've had like a 30 min discussion with chatGPT to understand how Truebit works. The way I see it, Truebit is like a computation oracle that helps scale ethereum and possibly other chains. Truebit is not a chain itself.

In short, Truebit allows people to compute transactions and smart contracts off chain using a single computer and then submit the solution via the oracle to get a reward. Other... More

Right, I'm here to explain Truebit in the simplest way possible.

The idea of Truebit's technology enhances the capabilities of blockchain networks, most specifically the Ethereum blockchain. Its goal is to improve the speed and efficiency of the network by processing more complex computations off the main blockchain.

Think of a busy road (the ETH blockchain) where cars (transactions) are... More

Similar as other information, details about the individuals and team behind a project can be scarce if not altogether absent, as seems to be the case here regarding this particular effort and its two listed members. While their credentials and experience may have warranted inclusion in the initial whitepaper, further inspection reveals at least one of these individuals, Christian Reitwießner, has... More

The idea of this project is quite cool but here is one of the most dreadful projects in terms of marketing. Their core demographic, the miner, consumes immense computing resources, thus the marketing strategy should be:

• Partner with projects such as LPT , or
• Go mass through community.

Lets see what they have done

1. B2B route, scarce information regarding alliances uncovered, the sole... More

No, and here is the reason,

• The first and the most important, this project is found in 2017 which means they have 6 years of development, let have a look at the price chart (see the pic) point 1, In the 4th years, they released the token and it reach ATH immediately with high volume. Come back to the bull season 2021, we all know that there is 2 peak of BTC, 1st one was in May and 2nd one was... More

I've known about Truebit for a few years now and thought it was a good chance to check how things are going for them. However, what they're doing right now is outdated in my opinion, and their token price is declining along with that trend. There's not much that sets them apart, and their limited integration with only Ethereum and deployment with SaaS make alternatives a better choice. TRU does... More

The project is definitely being worked on in the shadows but apart from a few Medium/Github uploads (please see below), a few YouTube videos being posted here and there, and a couple of occasional tweets it is hard to truly know what has been accomplished with this project especially as it has been worked on since 2017 and their token only stealth launched in 2021.

Even though it is hard to... More

The statement "price appreciation comes from usage of token. Marketing is for useless, hype-based projects. Read up about tokenomics and you'll understand" is a fundamental principle of the Truebit project.

While I agree that strong projects require less advertising, I feel that this approach is too simplistic. For instance, the project's FAQ on their website states that they do not want to be... More

Truebit aims to solve a major problem in the Ethereum network, where computation is limited by the block gas limit. Without a proper solution, this could potentially make many future applications too costly to operate or even infeasible. The TrueBit Protocol (as shown in the image below) harnesses the power of off-blockchain computers to verify computations, using their API called ‘createTask’ on... More

Having investigated the community surrounding Truebit, I feel like they can do with some major improvements. They might do well on informing those who already know about the project but I am not convinced they are raising the level of understanding and/or engagement of the project to a wider audience, .

1. They have no official TG groups. However, there are three fake TG accounts, two of which... More

Truebit is a very technical project a lot of which in the backend is very complex for someone like myself who is not a developer of any sorts to understand on a deep level.

It is far more advanced than your typical layer 2 scaling solution for Ethereum. From my research I have identified that there are five main technology stacks for the protocol it revolves around:

1. Ethereum blockchain: it... More

Truebit has a native utility token called TRU, which is used to incentivize participants in the Truebit ecosystem to provide their computational resources and also to participate in the verification game.

The two main parts to how this utility token model works are firstly, via ‘solvers’ who are incentivized to provide their computational resources to perform the off chain computation and... More

This in my opinion is one of Truebit's biggest downfalls to date. Truebit is a project with so much technical potential and real world use case, however as the project is run by developers who like I've mentioned are not the most acute businessmen unfortunately. It seems as if they are too focused on the building and the tech side of the project (which isn't necessarily a bad thing) but they are... More

From the perspective of tokeneconomics, technology and team, the Truebit protocol appears to posses the attributes that investors would want when they are looking for a long term token to invest in.

However, there are two big questions for me that cast doubts in my mind that the project may not live up to its potential.

• Firstly, does the Truebit team possess the necessary business acumen to... More

Truebit is a very promising protocol for verifying complex computations on a blockchain. It combines off chain computation with on chain verification to enable efficient and secure execution of smart contracts. Truebit achieves this by implementing a verification game between ‘verifiers’ and ‘solvers’ and having a crypto-economic incentive mechanism that ensures off-chain computations are... More