What is Tellor (TRB)? Tellor is a decentralized Oracle protocol. Oracle is a key part of the blockchain infrastructure that updates valuable off-chain data and makes it available for on-chain smart contracts. Tellor's Oracle provides data that can be queried, validated, and chained without authorization with reporters competing for TRB incentives. Data reporters provide valuable on-chain insights for a wide range of DeFi applications. What makes Tellor unique? Tellor Oracle works by incentivizing data whistleblowers to chain valid data while discouraging misinformation through disputes and courts. Becoming a reporter does not require any verification process, that is, without authorization. Anyone anywhere in the world can be a reporter using open source software, a unique feature among blockchain oracles. When Oracle users request the value of an off-chain data point (e.g. BTC/USD), data reporters compete to add this value to an on-chain database, accessible via all smart contracts on networks supported by Tellor (Ethereum, Polgyon, Algorand, etc.) How often data can be updated is limited only by how much/how often users "tip" the feed with TRB. Also unique to Tellor, data is sent in bytes, which means Oracle is flexible and robust for almost any blockchain application. Who are the founders of Tellor? Tellor was launched in 2019 by a US-based team with the aim of addressing the oracle issue on the Ethereum blockchain. Tellor was founded by Brenda Loya, Nick Fett, and Michael Zemrose. Brenda Loya is the CEO and co-founder of Tellor. Previously, Ella Brenda worked as VP and Lead Developer at Daxia in the fields of blockchain, scalability, and data science. Previously, she was a supervising economist and statistician at the US Department of Labor. Nick Fett is the co-founder and chief technology officer of Tellor. Before Tellor, he was the founder of Daxia, a protocol derived from Ethereum. Nick also has a background in economics, regulation, derivatives and machine learning, including positions with the US Commodity Futures Trading Commission. Michael Zemrose is a co-founder and CSO of Tellor and previously did business development at Daxia. He was also a media and consulting entrepreneur for several years before entering the world of cryptocurrencies. How is the Tellor network protected? The purpose of Tellor's native token, Tributes (TRB), is to connect and align data reporters, Oracle users, and community governance. Security is achieved through Tellor's governance agreement, which uses a simple objection mechanism to obtain community consent on reported data. The way it works is that data reporters have to stake TRB to report data and earn rewards, but they can be challenged and cut off, and their stake is given to the protester if they submit data that the network deems wrong. More information on network security and the theoretical cost of an attack can be found here. Where can you buy Tellor (TRB)? If you want to buy, sell, or trade Tellor (TRB), you can do so on the following exchanges:
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