TrueChain

TrueChain is a secure, scalable, and permissionless public blockchain ecosystem that is powered by a hybrid consensus mechanism called Minerva. Minerva employs the use of Proof Of Work and Delegated Proof of stake consensus mechanisms. Delegated POS is a consensus mechanism where users delegate their work to other people in order to reach consensus rather than doing it themselves.

The PoW protocol reduces mining attacks and brings miners of different hash powers to the miner community. Thus TrueChain's hybrid consensus mechanism achieves speed, decentralization, and security.

TrueChain claims to provide the underlying public blockchain infrastructure with high security and performance for decentralized applications (DApps) and financial transactions. TrueChain seeks to develop a well-governed and efficient blockchain system for a properly decentralized economy.

Some of the main features of the TrueChain platform are:

● Tackles the obstacles of permissionless blockchain:TrueChain seeks to solve the conflict between decentralization and efficiency for permissionless blockchain via hybrid consensus and secure sharding. Sharding is a database-partitioning technique through which a blockchain company's entire network is split into smaller partitions, known as "shards," to process more transactions per second.

● Hybrid consensus incentive model:TrueChain has developed a hybrid consensus incentive model to use economics as a drive to improve the chain.

● Stable and low gas fee mechanism:TrueChain claims to have developed a stable gas fee mechanism that reduces the expense for the developers/operators of DApps.

● Open-sourced grid of products:This open-sourced grid of products supports the hybrid consensus permissionless blockchain platform and makes the chain easy to use.

The native currency of TrueChain is the TRUE token used for transaction gas fees and staking.

The Truechain organization was founded in December 2017 by Eric Zhang and is headquartered in Singapore. The total supply of TRUE tokens is 100 million. There are over 3000 developers in the TRUE tech community.