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Important Note: Recently, we witnessed a big pump and dump skim by whales in Tellor (TRB), which cost $60 million in investor liquidation on (31 Dec 2023). We warn you to see this price prediction only for information and not as financial advice. Stay Safe.
Tellor (TRB), a decentralized oracle network launched in 2019, has recently gained significant momentum. For those seeking insights into its future, this article explore into Tellor’s (TRB) price predictions for the years 2024, 2025, 2026-2030.
Tellor serves as a blockchain-based decentralized oracle network linking Ethereum smart contracts to external data. Engineered for decentralized applications within the Ethereum network, Tellor prioritizes security, transparency, and a particular focus on decentralized finance (DeFi). By offering off-chain data to Ethereum smart contracts, Tellor ensures reliable and stable data feeds.
Typically, cryptocurrency users resort to exchanges for live market data and relevant market metrics. Tellor streamlines this process by consolidating all necessary data within Ethereum-based smart contracts through its oracle feeds. These oracles source real-time, available, reliable, and verified information, providing users with valid market data without the need to visit a cryptocurrency exchange.
Hosted on the Ethereum network, Tellor functions as an oracle network facilitating the provision of off-chain data to Ethereum-based smart contracts. Serving as a bridge between smart contracts and off-chain data, Tellor establishes trustless feeds for network users, eliminating the necessity for third parties.
To ensure trustless and secure information, Tellor relies on a network of staked miners interconnected through solving mathematical equations. This Proof of Work consensus mechanism validates and confirms information feeds for requested data types, maintaining the decentralization ethos.
Who Are the Founders of Tellor (TRB)?
Tellor was founded by Nick Fett, Brenda Loya, and Michael Zemrose. Loya, the CEO, brings expertise in economics, blockchain, and scalable solutions development. Fett, the CTO, specializes in machine learning and Ethereum-based data tools.
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