TrueChain TRUE

$0.2212
Market Cap $ 10.274 MM (#210)
24h Volume $ 13.866 MM
Chg. 24h: -1.44%
Algo. score 3.6/5  (#136)
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TrueChain project purpose and description

TrueChain clarity of purpose

TrueChain purpose and aspects

TrueChain (TRUE) is developing a public blockchain for real commercial decentralized applications. The blockchain is based on an improved PBFT consensus protocol that provides fast peer-to-peer communication, value transfer, and efficient smart contract infrastructure. TrueChain starts with digital advertising industry D-applications, but is preparing for supporting all commercial D-applications. As the needs for performance-demanding commercial Dapps emerge, TrueChain is going to become the next-generation public chain for commercial applications.

TrueChain additional differentiation against competition

The TrueChain focuses on building a free, open, safe, efficient and easy-to-use blockchain technology infrastructure, and building a blockchain economy operating system commercial infrastructure. It is the demand of the times and the dream of TrueChain to create a permissionless blockchain that will carry the future commercial decentralized applications. Based on the hybrid consensus mechanism, TrueChain aims to provide high-speed point-to-point communication, value transfer and to build the infrastructures of smart contract for the society.

Short description

TrueChain is a truly fast, permissionless, secure and scalable public blockchain platform which is supported by hybrid consensus technology called Minerva and a global developer community. TrueChain uses hybrid consensus combining PBFT and fPoW to solve the biggest problem confronting public blockchain: the contradiction between decentralization and efficiency. TrueChain uses PBFT as fast-chain to process transactions, and leave the oversight and election of PBFT to the hands of PoW nodes. Besides, TrueChain integrates fruitchain technology into the traditional PoW protocol to become fPoW, to make the chain even more decentralized and fair. TrueChain also creates a hybrid consensus incentive model and a stable gas fee mechanism to lower the cost for the developers and operators of DApps, and provide better infrastructure for decentralized eco-system.

Abstract

The mission of the TrueChain——to create a permissionless blockchain that will carry the future commercial decentralized applications. The vision of the TrueChain——to become a blockchain infrastructure that affects a hundred years. The TrueChain focuses on building a free, open, safe, efficient and easy-to-use blockchain technology infrastructure, and building a blockchain economy operating system commercial infrastructure. It is the demand of the times and the dream of TrueChain to create a permissionless blockchain that will carry the future commercial decentralized applications. Based on the hybrid consensus mechanism, TrueChain aims to provide high-speed point-to-point communication, value transfer and to build the infrastructures of smart contract for the society.

Link to Roadmap: https://www.truechain.pro/Truechain_en.pdf
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