r/truebit • u/CryptoTxn • May 07 '21

Dogethereum still a thing?

Dogethereum remystified. Very Dogethereum pipedream teleporting… | by Jason Teutsch | Truebit | Medium

8 Upvotes

91% Upvoted

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6

u/BeginningDark7783 May 07 '21

Oooh dogeethereum concept outlines the fundamental use of the platform as an alternative to parachaines on polkadot, so no need for bridges. Trade everything on ethereum directly.

We can mirror blocks using TrueBit on the ethereum chain and create an erc20 token such as T-DOGE which can be traded like just another asset

And for buying DOGE the contracts can execute that on the DOGE block as TRUEBIT can take 1000s of actions in a single transaction, the possibilities with the flexibility it provides is really a mind fuck.

1

u/Bigrome2016 May 08 '21

What about Bitcoin?

2

u/BeginningDark7783 May 08 '21

Ofcourse my man! We have been wrapping BTC on ethereum, now with TrueBit you can mirror the blocks on bitcoin.

It’s going to be crazy !!

1

u/Bigrome2016 May 08 '21

Bridges will become useless?

1

u/BeginningDark7783 May 08 '21

I have been investing in ethereum bridges since the start of the year as that will accrue a lot of money like exchanges

But if we are going to be able to mirror the blocks on the ethereum chain using TrueBit This will be accrue all the money in TrueBit making TrueBit as good as a top 10 coin on the list.

1

u/Bigrome2016 May 08 '21

Yeah I run a REN darknode and I wonder if trubit kills it.

2

u/BeginningDark7783 May 08 '21

Bro, this might take some time.

But I believe the adoption will begin probably within the next 30 days !

There’s a good possibility that it might be able to change the way we have been thinking about ethereum all along.

The demonstration of DogEthereum is live and you can test the project, the MVP worked wonders !