Pump or Dump? At the time of writing, the price of Tellor Tributes (TRB) is $184.668 today with a 24-hour trading volume (USDT) 34,877,258.611 on Kucoin.

 

Tellor: at a glance

Launched in 2019, Tellor is an immutable decentralized oracle protocol that incentivizes an open, permissionless network of data reporting and data validation, ensuring that data can be provided by anyone and checked by everyone. Built for any data type, our network of reporters supports your basic spot prices, more sophisticated pricing specs (TWAP/VWAP), or any custom data needs you have. If your data can be verified, Tellor can bring it on-chain.

Tellor allows anyone to stake and report data. This means that the Tellor protocol does not depend on the Tellor team. If you integrate Tellor into your protocol, you can rest assured that you will always be able to either pay someone else to submit your data, or just stake and report the data yourself. In other words, Tellor is as permissionless as the blockchain it’s running on.

 

TRB token

For security and incentivizing liveness of data reporting, the Tellor protocol mints a token called Tellor Tributes (TRB). Reporters must stake TRB in order to participate in putting values on-chain, and users may tip TRB tokens to receive timely updates for the data that their smart contracts require. The oracle contract on Ethereum mainnet pays time-based rewards to incentivize liveness of the reporter network. To prevent bad actors, reporters can be disputed and slashed of their stakes by any TRB holder willing to put up a dispute fee.

 

Tellor Layer

Tellor Layer is the future of the Tellor protocol, designed to be more optimal in quickly evolving multi-chain crypto landscape. It aims to ensure decentralization, interoperability, and efficient handling of various data types across emerging chains. Tellor Layer, built on the Cosmos SDK, allows validators to achieve consensus on the accuracy of data. Tellor Layer’s consensus model offers several key advantages, including increased participation from validators in signing off on data and the flexibility to establish modular or custom governance frameworks based on query specifications. This approach enhances security, adaptability, and data reliability within the protocol.

For more information, please visit www.https://tellor.io.

 
Article: Tellor: at a glance
Source: Tellor Blog
Url: https://tellor.io/blog/tellor-at-a-glance