What is TrueChain?
TrueChain is said to be the next generation in public blockchain technology for applications used on a commercial level.
How Does TrueChain Work?
The purpose of the platform is to build a blockchain infrastructure that is designed for a decentralized commercial application setting.
The company uses an altered BFT consensus that also has smart contract capabilities. On one layer, Truechain delivers the best experience using the BFT consensus in order to get the best rated TPS and deliver outstanding BFT protocol for various players who want to work as validators. Truechain is therefore made to be one of the best public blockchains in terms of being able to out-perform the demands of a decentralized network.
They take requirements suited for commercial applications throughout various industries and prioritize them for performance, security, privacy, stability, sustainability and compatibility. They consider their platform to be one of the only truly open sources platforms on the market, that has real-time accessibility and applications. It’s a very real life decentralized network business can use to build themselves. And because of the compatibility, they promise it is easily integrated into other systems.
The smart contracts offer a new layer of obscurity that helps protect the system and is said to be ideal for commercial applications. It uses the blockchain technology to accomplish all needed tasks and developers are always looking to improve it. Developers can also use it to build their own tokens and define workflows as verify or testify their contracts based on an ecosystem that is unified.
The toolkit for the platform is also ideal for monitoring the application. They use a blockchain service platform for developers to test and verify various contracts and transactions. And with the browser, people will be able to search for specific contracts as well.
With the use of cross chain protocols, they will be able to interact with different interfaces that are said to be ideal for compatibility with True Chain.
What is the ICO on TrueChain?
There is no disclosure at this time as to if there will be an ICO or how funding will take place. They could be a good company to invest and work with, but more information on their team needs to be released.
Who is Behind TrueChain?
TrueChain gives no disclosure as to who is creating it. This is a bad sign by anyone’s account who’s been in the industry. It’s best to stay away from companies who disclose no information on who they are. It’s a complete and total lack of transparency, the most important aspect of a company.
TrueChain is said to be a global blockchain infrastructure. One that uses the technology of blockchains for business and commercial applications like communication. They are aware of the needs of business and commercial industry when it comes to the internet and blockchain technology, but they give no information about the team behind the project.
Unfortunately, all the promises in the world are considered empty when there is no information given about the team on the project. At this point, I cannot advise anyone to invest time, energy or money into Truechain. It’s too risky sending money to an anonymous party who has nothing backing their promises.
While it’s true they have photos and bios, there is no social media connection to their team or any proof that they’re even real people. One plus side is that they have a GitHub spot for developers, still – there needs to be a better way to connect with the team if they are to be trusted in full.