TRU meaning in Cryptocurrency ?

Answer:

What Is Truebit (TRU)?

Truebit allows software running outside a blockchain environment to provide trusted results to smart contracts and applications running within a blockchain. The platform allows practically unlimited external compute resources to be applied in a trusted way to extend the performance, throughput, and scalability of its host blockchain. Research began in 2015 on this verification solution which today connects blockchains to both on-chain and off-chain data while enabling smart contracts to securely perform complex computations in standard, easy-to-use programming languages at significantly reduced gas costs.

Unlike sharding and other methods for distributing high transaction throughput, Truebit processes complex and large transactions via a consensus mechanism involving a minimal number of redundancies, making it a novel solution for Web 3.0 infrastructure. The bulk of computation occurs with off-chain resources.

Verifier’s Dilemma - What Makes Truebit Unique?

Rather than relying on external, cryptographic proofs of correctness, Truebit brings scalable computation to blockchains by leveraging game theory principles and financial incentives to increase the on-chain computation power of existing networks and reduce marginal gas costs.

While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains due to the Verifier's Dilemma. Truebit counteracts this via a retrofitting oracle that achieves correct computational results. Truebit’s microeconomy ensures trustless verification through a financial incentive layer atop a dispute resolution layer.

Who is the founder of Truebit (TRU)?

Truebit was founded by mathematician and computer scientist Jason Teutsch who co-authored the whitepaper with Ethereum’s Solidity creator and team lead, Christian Reitwiessner. Jason holds a PhD in Mathematics, was a two-time US Fulbright Fellow, and co-discovered the Verifier’s Dilemma.

Applications

Applications include:Layer-2 settlementsDeFi settlements and bookkeepingBatch verification of cryptographic signaturesChecking proof-of-work

Performing operation(s) with high computational complexity

Any smart contract can issue a computation task to Truebit in standard languages (C, C++, or Rust) without concern for Ethereum’s gas limit. Truebit’s WebAssembly-based architecture can read functions and data from Ethereum bytes, smart contract program code, or IPFS.

What kind of token is Truebit (TRU)?

The supply of TRU tokens may fluctuate over time.

reference

Full Form	Category
Trimarian Royal University	Academic & Science
Thompson Rivers University	Academic & Science
Teenage Research Unlimited	Academic & Science
Trujillo	Airport Code
Trust Company of Australia Ltd	Business
Toys R Us	Business
Torch Energy Royalty Trust	Business
Theater Resources Unlimited	Community
Transceiver Unit	Computing
Trusted Reliable User	Computing
TrueFi	Cryptocurrency
Truebit	Cryptocurrency
Transformer Rectifier Unit	Electronics
True Basic Language Source Code File	File Type
Truck Refrigeration Unit	General
Trailer Refrigeration Unit	General
Tobacco Reality Unfiltered	General
Technical Resources Unit	General
Tactical Response Uniform	General
Transport Refrigeration Units	General
Th Respect And Unity	General
Tal Resonating Ukulele	General
The Real U	General
Transport Refrigeration Unit	General
Tactical Robbery Unit	General
Tal Resource Utilization	General
Truth Respect and Unity	General
The Recruiting Unconference	General
Turbidity Reducing Unit	General
Temporary Recommendations for Use	Governmental
The Real Untouchables	Governmental
TIBS (Tactical Information Broadcast System) Receive Unit	Governmental
Telephone Report Unit	Governmental
Tactics and Rescue Unit	Governmental
Transportation Riders United	Governmental
Tools Are Us	Military and Defence
Tibs Receive Unit	Military and Defence
Tester Replaceable Unit	Military and Defence
Trujillo, Peru	Regional
Truk	Regional
Tough, Ruthless, Unity	Sports