My TOP10 project list - pick number 4/10
TRUEBIT is my wildcard pick and a quite unknown project.
Here is what it says on the homepage: "While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains. Truebit counteracts this shortcoming via a trustless, retrofitting oracle which correctly performs computational tasks."
From what I understand, Ethereum needs this protocol to fonction correctly and to scale in the future.
Truebit’s whitepaper was released in November 2017 and was co-authored by Dr. Jason Teutsh and Christian Reitwiessner under the title ‘A scalable verification solution for blockchains’. Dr. Jason Teush (Truebit founder) is a former Ethereum Lead Developer while Christian Reitwiessner led the development of Ethereum’s native programming language, Solidity.
I hold this coin since May 2022 and I am down 50% on my entry price. I decided to hold this project when I saw it's strong resiliance since November 2022: Truebit did not make new lows since 18 months. I could see the relative strenght of this coin in the final phase of the bear market. I expect this coin to rebound strongly and I guess it coulb be a leader in the upcoming bull market.
Here is what it says on the homepage: "While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains. Truebit counteracts this shortcoming via a trustless, retrofitting oracle which correctly performs computational tasks."
From what I understand, Ethereum needs this protocol to fonction correctly and to scale in the future.
Truebit’s whitepaper was released in November 2017 and was co-authored by Dr. Jason Teutsh and Christian Reitwiessner under the title ‘A scalable verification solution for blockchains’. Dr. Jason Teush (Truebit founder) is a former Ethereum Lead Developer while Christian Reitwiessner led the development of Ethereum’s native programming language, Solidity.
I hold this coin since May 2022 and I am down 50% on my entry price. I decided to hold this project when I saw it's strong resiliance since November 2022: Truebit did not make new lows since 18 months. I could see the relative strenght of this coin in the final phase of the bear market. I expect this coin to rebound strongly and I guess it coulb be a leader in the upcoming bull market.
Comment:
Lookiing really good ! New 2 year high ! In profit from my entry point !
Comment:
There is some resistance to work through until 33 cents. However the token could start to run after having closed on a weekly basis above that level. We are up already 232% !!
I recommendet it when it was at 10 cents.
Today it's price is at 27 cents (thats 170% in 30 days).