Tellor is a decentralized oracle protocol that enables smart contracts on blockchains to securely access off-chain data. By incentivizing a permissionless network of data reporters and validators, Tellor ensures that data can be provided by anyone and verified by everyone, enhancing the reliability and security of blockchain applications.
The native token of the Tellor network, Tributes (TRB), plays a crucial role in its ecosystem. TRB is used to reward data reporters for submitting accurate information and to facilitate the dispute resolution process, aligning the interests of data providers, users, and the community.
Since its launch in 2019, Tellor has expanded its presence across multiple blockchain networks, including Ethereum, Polygon, and Algorand. This multi-chain approach allows Tellor to support a wide range of decentralized applications (dApps) by providing them with reliable and tamper-proof data, thereby enhancing their functionality and trustworthiness.