TrueChain

Sweden
Slite, Gotland, Sweden

Company profile

TrueChain company profile

TrueChain is a truly fast, permissionless, secure and scalable public blockchain platform which is supported by hybrid consensus technology called Minerva and a global developer community.   TrueChain uses hybrid consensus combining PBFT and fPoW to solve the biggest problem confronting public blockchain: the contradiction between decentralization and efficiency. TrueChain uses PBFT as fast-chain to process transactions, and leave the oversight and election of PBFT to the hands of PoW nodes. Besides, TrueChain integrates fruitchain technology into the traditional PoW protocol to become fPoW, to make the chain even more decentralized and fair. TrueChain also creates a hybrid consensus incentive model and a stable gas fee mechanism to lower the cost for the developers and operators of DApps, and provide better infrastructure for decentralized eco-system.   TrueChain has a 500+ developers from the world that is continuously growing, and a well equipped open source product grid.

Business identity

Operating status
Active
Company type
For Profit
Employee range
11-50 employees
Revenue range
$0-$1M
Founded
2017-12-15

Headquarters

Country code
SE
Continent
Europe

Capital profile

Funding and company signals

Funding rounds
1
Last funding
Corporate Round / 2019-06-04
Last equity funding
Corporate Round
Investors
1
Lead investors
1
Founders
1

Founders and investors

Founders

Eric Zhang

Lead investors

YMK Fund

Investors

YMK Fund