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Tellor is a decentralized oracle network on Ethereum that delivers real-world data to smart contracts and DApps. Since blockchains can’t directly access external data, Tellor bridges this gap with trustless, secure oracles essential for DeFi and other applications, ensuring reliable, censorship-resistant off-chain data. The network is powered by its native token, TRB.
Tellor (TRB) was co-founded by Brenda Loya, Nick Fett, and Michael Zemrose in 2019 to address the oracle problem within the Ethereum blockchain.
• TRB token: TRB is the native token of the Tellor network, used for staking, rewarding data reporters, and participating in governance.
• Multi-chain capability: Tellor expands oracle services beyond Ethereum to other blockchain ecosystems.
• Permissionless data submission: On Tellor, anyone can become a data reporter by staking TRB and submitting requested data.
• Staking and security mechanism: The platform requires stakers to lock TRB as collateral, deterring malicious activity with a dispute-slash system.
TRB is a promising crypto for those interested in decentralized data solutions, as it offers a secure, transparent, and trustless oracle network that can deliver reliable off-chain data to smart contracts across Ethereum and other blockchains. Its open-source, community-driven model and built-in dispute mechanism add to its credibility. However, TRB faces tough competition from established players like Chainlink.
You can buy TRB from crypto platforms like CoinSwitch.
• TRB can be bought and traded on crypto platforms like CoinSwitch.
• TRB is used to incentivize accurate data provision on the Tellor network.
• Token holders can stake the TRB token for network participation and staking rewards.
• It also allows token holders to vote on disputes and future upgrades.
• Tellor is a decentralized Oracle Network that eliminates reliance on a single data provider, improving trust and resilience.
• It uses proof-of-work mining, staking, and a dispute mechanism to ensure accurate data.
• Tellor is fully integrated with Ethereum and EVM-compatible chains, widening its utility.
• TRB is subject to market volatility like all cryptos.
• Proof-of-work model requires significant energy and hardware resources.
• Faces strong rivals like Chainlink and Band Protocol in the oracle space.
• Start investing in TRB with just ₹100.
• CoinSwitch provides a seamless and intuitive trading experience for users.
• Easily manage your transactions and portfolio on the app.
Tellor launched its pre-seed round in June 2018, raising $150,000 from investors including Framework Ventures, DAO Maker, LuneX Ventures, and NovaBlock Capital. A seed round followed this in March 2019, where Tellor secured an additional $250,000 from YZi Labs (formerly Binance Labs). The project’s Token Generation Event (TGE) occurred on November 19, 2019, officially launching the TRB token.
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1. What is Tellor (TRB)?
Tellor is a decentralized oracle network on Ethereum that delivers off-chain, real-world data to smart contracts in a transparent and permissionless way, solving the “oracle problem.”
2. What is TRB used for?
TRB is the native token used for staking, rewarding data reporters, securing the network, and voting on governance proposals.
3. Is TRB a promising crypto?
Tellor’s open-source, community-driven model and multi-chain capabilities make its token, TRB, a strong contender in decentralized data solutions, though it faces competition from Chainlink and others.
4. What makes Tellor (TRB) unique?
Tellor stands out for its fully decentralized and permissionless design, where data is provided and validated by a network of staked miners. This ensures trustless, tamper-resistant data feeds for Ethereum-based applications without relying on a central authority.
Highlight
Tellor is a decentralized oracle network that brings real-world, off-chain data to smart contracts in a permissionless, transparent way.
TRB Price Today
TRB Price
₹1,694.1
Price Change 24h
0%
Price Change 7d
13.39%
Market Rank
#385
Market Cap
₹424 Cr.
Trade Vol 24h
₹181 Cr
Circulating Supply
₹28,30,980 TRB
Trading Activity
Not Available
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
