TrueChain (TRUE) Review, Price, Market Cap and more | Coinopsy

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TrueChain (TRUE) looks to give little and medium size business a say in order to stand out from those big competitors...

Market Cap

Name (Ticker)
TrueChain (TRUE) Price, Market Cap and more | Coinopsy
Price (USD)
$0.295192892731
Rank
45
Active Supply
79.6 million
Total Supply
100.0 million
Volume(24H)
10.4 million
Market cap
23.5 million
Fun Name
test
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TrueChain (TRUE) Chart

Pros of TrueChain (TRUE)

  • Interesting Idea
  • Listed on over 10 exchanges

Cons of TrueChain (TRUE)

  • No backing (asset, profits, commodity)

TrueChain (TRUE) Introduction

TrueChain is committed to be the next generation of blockchain infrastructure. It is the world's first public chain adopting the fPow+ PBFT hybrid consensus that has a strong global open source developer community supporting it. TrueChain provides the underlying public blockchain support with high performance and high security for decentralized application (DApp) and global asset circulation.

The company uses a changed BFT agreement and it also has smart contract capabilities. On one layer, True Chain delivers the preeminent experience using the BFT compromise in order to get the best rated TPS. Furthermore, it delivers exceptional BFT protocol for different players who desire to work as validators. Therefore, True Chain may be one of the finest public blockchains. It is capable to out-perform the demands of a decentralized network.

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TrueChain (TRUE) Ecosystem

TrueChain Developer Platform 

TrueChain’s in-house product team has built a developers’ platform to support deployment and management of smart contracts. To access it, go to link http://dev.truechain.pro/

TrueGlobal Competitions 

TrueGlobal is an on-going, independent community effort to support Dapp developments on TrueChain across the world. The first round of TrueGlobal competition has finished in Jan 2019 with more than 20 Dapps submitted to TrueChain’s BetaNet. 

TRUE Holder Communities Over one year, there has been more than 150,000 TRUE holders worldwide. Active communities are located in East Asia, South-East Asia, Mid-East, North America and Europe. TrueChain has built up a network of community nodes (a.k.a. contributors) in each country.

TrueChain (TRUE) Governance

TrueChain’s goal of governance is to ultimately establish a decentralized governing model. At the time TrueChain was founded, it was contributed mostly by the founding time. In summer of 2018, TrueChain Foundation currently established a board of directors (7 people). Each of the seven directors is in charge of one part of the foundation’s governance -- research, core engineering, product development, developers community & human resource, global token holders community, marketing and ecosystem building. Together the board directors make strategic and managerial decisions.There is an elected president for the board of directors. The president’s most important responsibility is to coordinate between each part of the foundation’s work and guarantee that TrueChain’s strategies and plans are well executed. This president is acting as an effective “CEO” of the project, but is re-elected every 3-6 months. This governance model will last until TrueChain’s mainnet is supporting a fairly large amount of tokenized assets on-chain and TRUE tokens are greatly distributed across large number of holders worldwide. After that, TrueChain will enter the era of totally decentralized governance. Under a decentralized governance model, TrueChain will form a Committee of Representatives that is elected by all TRUE holders, and a president will be elected from the Committee of Representatives by all TRUE holders.A term limit will be imposed on both the committee and the president, with the enforcement of smart contracts on TrueChain that transfers the rights of using Foundation funds to the newly elected committee.

TrueChain (TRUE) Consensus

TrueChain is implemented as a double-chain structure (Fast Chain and Snail Chain). The block of Fast Chain, which mainly contains the transactions and smart contracts, is generated by the BFT committee when they reach a consensus. Similar to Ethereum block, fast block provides TxHash, Root, ReceiptHash for other non-members to verify transactions included at fast block body. The block of Snail Chain contains several fruits, and each fruit stamps the corresponding fast block. Fruit is hanged on snail block, when a fruit points to a fast block, the fruit stamps the fast block’s hash and number in it. Every fast block has only one fruit to stamp its hash and number. TrueBFT is PBFT implemention of truechain. The classical PBFT assumes less than ⅓ of the participating nodes are corrupt. TureBFT assumes mildly adaptive adversary model to improve the chain quality. 03 The committee instance is switched after a fixed period of time (with the snail chain as a logical clock). The members of the next committee are chosen from Fruit and Block Miners of the current committee.

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TrueChain (TRUE) Hardware wallets

As we already mentioned, TRUE is an ERC-20 based token, meaning it can be stored both on the Ledger and Trezor.

Ledger

The Ledger company offers multiple devices for hardware storage, and you won't go wrong with any of them. The security that Ledger's hardware wallets offer is priceless and is definitely worth investing in if you're storing an excessive amount of currencies. As for using the Nano Ledger S, the first step towards setting up your device is unboxing and checking if you have received all the accessories coming with it. Once you have unboxed your device, you need to configure it and initialize it before being able to use it. The process is quite simple and will hardly take about 20-30 minutes post which you will be set to use your Ledger Nano S device. 

Setup guide video: here

Trezor

As for Trezor, installing is really simple. To properly install it users should attach the unit to the computer. After that continue with installing the  bridge which allows the Trezor to join with the computer. The first step is to connect the Trezor to device’s USB slot with the cable given in the box.  After that, go to myTrezor.com and proceed with installing the browser extension. Trezor can also be used on Android or an iPhone, or on a Windows or Mac computer. Now, initiate the extension and myTrezor will direct you to pick a PIN. After this, you will notice nine buttons but the numbers are hidden. After this, users should check the Trezor’s screen to recognize which numbers are in which place because it switches every time. Now set the PIN. Shortly after, Trezor should present a 24-word wallet “seed”. In short, one word at a time. Note down this seed and save it carefully. If your Trezor device malfunctions or is lost, you can utilize the seed to reconstruct the complete wallet. 

Setup guide video: here

TrueChain (TRUE) Desktop Wallets

Exodus

First, we have Exodus, aside from TRUE, it accepts a plethora of other currencies and is pretty straightforward and easy to use. Just download the app from the official site(exodus.io) and get straight into creating your wallet.  Exodus stores your Private Keys on the machine you choose and not on any server, providing you with a relative peace of mind when it comes to the security of your coins. 

Atomic Wallet

Another option is Atomic Wallet.

Atomic Wallet is a desktop wallet built with security, anonymity and decentralization in mind. Atomic Wallet was designed to leverage the potential of atomic swaps and become part of a fully-fledged decentralized cryptocurrency ecosystem.  The “physical” wallet itself is a PC application that can be downloaded onto your computer. Your private keys and other data will then be stored on your PC in an encrypted form. This means you hold your own keys, which are encrypted and kept only on your own device, control your own funds and can efficiently swap tokens without needing to go through a centralized exchange.

This application then interacts with the blockchains of supported coins. For example, if you check your transaction history in the program, it looks it up on the blockchain and then shows it to you, rather than storing this potentially sensitive information somewhere.

TrueChain (TRUE) Online Wallets

The TRUE token is still based on the ERC-20 standard as the project doesn't have a mainnet of its own at this point, which means it can be housed in any ERC-20 supporting wallets.

MyEtherWallet

 For an online-based wallet, we recommend MyEtherWallet. The wallet offers a brilliant combination of speed, trustworthiness and simplicity, making it the most popular online wallet for ether and any ERC20-based tokens.

Simply visit myetherwallet.com and set up your wallet with a method of your choosing, just make sure to store your private key somewhere safe. It's wise to have it written down on paper in case your PC/notebook malfunctions.

Be cautious about what site you're entering and always double-check, as there are literally a ton of phishing scams that are made to imitate the site.

TrueChain (TRUE) Buying TRUE

Credit card and bank transfer options are fairly limited. We'd suggest you buy some ETH  through Coinbase and then exchange it for TRUE on either OKEX

OKex

The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. Because trading platforms are relatively heavy, downloadable software that takes most of the strain means avoiding the risk of a browser running into memory and processing difficulties and potentially freezing. The more professional nature of OKex’s exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange.

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