Smart contracts on Ethereum are fully self contained and any information or access to off-chain data is restricted. Tellor solves this problem by creating a system where parties can request the value of an off-chain data point (e.g. ETH/USD) and miners compete to add this value to an on-chain data bank, accessible by all Ethereum smart contracts. Inputs to a data series are secured by a network of staked miners. The main Tellor smart contract creates a time series of each requested data series and aims to become the standard source of high value data for decentralized applications. This oracle, “Tellor”, utilizes similar incentive mechanisms to other cryptocurrency systems through the issuance of Tellor’s token, Tributes, that are used to request a particular data series from miners.
News
Tellor doesn't have a whitelist of who's allowed to report data. Anyone can stake TRB, submit a value, and get rewarded (or slashed!). No application or "trusted validator" program. It's just staking, honesty, and dispute resolution doing the work. https://t.co/V3zkhQOttY
🏗️ Ready to build? You don't need permission, an API key, or an enterprise contract to read Tellor data. Import the interface, call the read functions, and your smart contract is instantly plugged into a censorship-resistant data network. https://t.co/eSsTm04WuT
Tellor was architected from the same immutable axioms that inspired Ethereum. It's alignment with "CROPS" values is not merely coincidental; it is architectural. While Privacy remains a nascent feature, Tellor is the definitive CROODS. Censorship Resistant Open Source Open Participation De
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