Tellor Tributes

Tellor Tributes Basic Information

Symbol: TRB

Price: $59.3000

Volume: $42,110,404

Market Cap: $156,325,848

Fully Diluted Value: 160,442,705

Short Term Beta: For Premium Users Only

Beta: For Premium Users Only

Futures Curve: For Premium Users Only

Total Supply: 2,705,638

Type: Business Services, Decentralized Finance (DeFi), Oracle

Tellor Tributes Trading Chart

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Tellor Tributes on Exchanges

Learn more about Tellor Tributes

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.

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