$TRU #Truebit
Here a clarification.
The bonding curve will never gets turned off, there is a elastic supply. The problem that truebit solves is gas limits, technically TRU is gas as a token.
Here a clarification.
The bonding curve will never gets turned off, there is a elastic supply. The problem that truebit solves is gas limits, technically TRU is gas as a token.
The mechanism is designed for huge computational demand, as the network in theory need an infinite supply token to match the potentially infinite demand, to run computations on the netowrk.
Right now no one is using the network , so all the supply is being coined to match the demand of the speculators. But truebit opens up a whole new area of possibility on ETH, imagine when it will be fully adopted
There will be a whole network of validators that will require staking. They will have an entire decentralized network of nodes that can offer compute service + extra validator nodes in a separate offchain market.
TrueBit founder and University of Alabama at Birmingham postdoc Jason Teutsch told CoinDesk:
”smart contracts can only do very trivial tasks from a computational point of view. Basically, what TrueBit does is to give smart contracts the ability of doing scalable computations''
”smart contracts can only do very trivial tasks from a computational point of view. Basically, what TrueBit does is to give smart contracts the ability of doing scalable computations''
• • •
Missing some Tweet in this thread? You can try to
force a refresh
