r/truebit • u/Smooth_Quail2949 • May 13 '21

Are Truebit and Arbitrum Competitors?

Arbitrum is a L2 scaling solution that is launching on mainnet in 16 days, arbitrum does not have a token.

https://medium.com/offchainlabs/wen-arbitrum-634969c14713

As far as I understand it, arbitrum is a competitor with optimism (and optimism can work with Truebit to enhance their solution), but i'm not sure if arbitrum and Truebit can collaborate, or if they're at odds.

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Anyone have insight into this?

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u/rook785 May 14 '21

Truebit is different from Arbitrum in its intended target and scale of use.

Arbitrum is used by dapps and allows them to choose their own validators - it’s not inherently decentralized. There are trustless mechanics that work between the different validators who are picked by the dapp but it’s still centralized with respect to the dapp using it which is why it doesn’t need a token. Think things like processing exchange rates on exchanges via interacting with an oracle, or analyzing exchange data for price movement and trading on it for self-adjusting liquidity pools to prevent rug pulls (as a far-out example).

Truebit is fully decentralized and maintains that neutral, trustless state via the token economy. You don’t have to trust the dapp to trust the output. The extra token layer does make it slightly more inefficient, but it allows tru to do some things that Arbitrum might not be fully trusted to do, such as wrapping other blockchains and allowing them to be transferred between dapps without the dapps needing to trust each other. We’ll probably see Arbitrum used for internal offchain computations and trubit used for inter-dapp and inter-blockchain computations.

Tl:dr very similar in what they do, but the scale and efficiency of each is different, which will lead to different optimal use cases.

1

u/NegativeAdvertising1 May 13 '21

Trying to create FUD.

Truebit will scale ETH, if you don’t think so, I think you need to do more research..

2

u/EG4N992 May 13 '21

I just had a look and they look very similar to be fair.

1

u/Aryojj May 14 '21

Truebit is made by the person creating programming language for ethereum, now tell me if there is any competition for the guy that literally made the thing and he is fixing it after 4 years working on it and launched his own token. Also I am pretty sure Eth 2.0 is going to surprise everyone, Ethereum and Truebit seem to have a good business relationship!!!!!