Price of Tellor (TRB) today
As of the latest data, Tellor (TRB) is currently priced at $56.92 with a market capitalization of $151.33M. The 24-hour trading volume stands at $22.78M, The circulating supply of Tellor is approximately 2.57M. The cryptocurrency has seen a -3.51% decrease in value over the past 24 hours.
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About Tellor (TRB)
Tellor, with the symbol TRB, is a permissionless community that includes token holders, data providers, and validators. This community works together to cryptographically secure the process of putting real-world data on-chain. Founded by Nicholas Fett, Brenda Loya, and Michael Zemrose in 2018, Tellor is more than just an oracle; it is a decentralized ecosystem that empowers users to have control over their data and applications. Originally intended as a tool for a decentralized derivatives protocol, Tellor evolved into a broader platform due to its team's expertise in data reporting and the growing need for oracles in the blockchain space.
The team behind Tellor believes in building systems that are logical, feasible, and align with their values. They are committed to creating a platform that addresses the pressing need for reliable data oracles in the blockchain ecosystem. By leveraging blockchain technology, Tellor aims to provide users with secure and censorship-resistant applications that are not controlled by centralized authorities. With a focus on community-driven governance, Tellor is paving the way for a more transparent and decentralized future in the blockchain industry.
To learn more about Tellor and its innovative approach to decentralized data oracles, visit their website at www.tellor.io. Stay updated on their latest developments by following them on Twitter at @WeAreTellor and joining their Telegram group at https://t.me/tellor. Join the Tellor community in shaping the future of decentralized data solutions and explore the possibilities of blockchain technology with this groundbreaking platform.
How does Tellor work?
Tellor (TRB) is a decentralized oracle network that facilitates peer-to-peer transactions by providing accurate and reliable data to smart contracts on the blockchain. Utilizing a proof-of-work consensus mechanism, Tellor ensures the integrity of data by incentivizing miners to submit and verify information through a competitive mining process. This decentralized approach eliminates the need for a central authority, making Tellor resistant to manipulation and censorship. Tellor's unique features include a dispute resolution mechanism and a staking system that further enhance the network's security and reliability. With its ability to securely connect blockchain applications to real-world data, Tellor has a wide range of use cases across industries such as finance, insurance, supply chain management, and more, offering a versatile and efficient solution for decentralized data sourcing and verification.
How to keep your Tellor (TRB) safe?
To keep your Tellor (TRB) safe, it is recommended to use hardware wallets like Ledger for enhanced security. These wallets provide an extra layer of protection by storing your private keys offline. Additionally, trusted platforms like OKX, Uphold, and Binance offer secure storage options for your TRB. By utilizing these platforms, you can safeguard your assets from potential cyber threats and unauthorized access. It is important to always practice good security habits and regularly update your security measures to protect your Tellor investments.