Tellor Tributes
Current price
$17.52
−6.06%24h
LiveUpdated 41s ago
TodayTellor Tributes drops 6.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.11%
- 24 hours−6.06%
- 7 days−9.50%
- 30 days+5.72%
- 1 year−29.46%
Tellor Tributes's move in context
Lagging the market today
−6.06% today against −3.26% for the market as a whole, a gap of 2.8 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−9.5% over 7 days and +5.7% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Tellor Tributes
Overview
Tellor Tributes is a decentralized oracle network specifically designed for the Ethereum blockchain. It aims to provide secure and reliable data feeds for decentralized applications (dApps), particularly in the realm of decentralized finance (DeFi). The core mission of Tellor is to democratize access to valuable real-world data by allowing users to retrieve and validate information securely while ensuring that data inputs are trustless and immune to manipulation. One distinguishing feature of Tellor Tributes is its incentivization mechanism for data reporters, who earn rewards in the form of TRB tokens for submitting accurate data.
Technical Features
Tellor Tributes employs a Proof-of-Work consensus mechanism that incentivizes miners to commit data to the network through a competitive bidding process. The architecture is designed to ensure the security and integrity of the data provided, as miners must stake TRB tokens to participate, creating an economic barrier against malicious activity. Additionally, Tellor utilizes sophisticated cryptographic techniques to validate the submitted data, ensuring that only legitimate and verified inputs are accepted. The network's decentralized nature is further reinforced by the use of smart contracts, which enable automated and transparent data validation and retrieval processes.
Use Cases
Tellor Tributes primarily serves the DeFi sector by providing essential data feeds for protocols that need reliable price oracles. Beyond DeFi, it facilitates various applications such as decentralized governance, where accurate voting data is critical, and the collection of external data for non-fungible tokens (NFTs) to rely on real-world metrics. Furthermore, it can support cross-border payments by incorporating exchange rates from various sources and is instrumental in powering smart contracts that require off-chain data inputs, thereby enhancing their functionality and trustworthiness.
Development Background
Tellor was founded in 2019 by a team of blockchain enthusiasts and developers, including the prominent figures of Natasha Bitcoin and Michael Zemrose. Initially, it was created as a solution to the growing demand for decentralized oracles amidst the boom of DeFi projects. The project has experienced multiple phases of development, including the launch of its mainnet and the integration of various governance models. Significant milestones include the introduction of the Tellor 2.0 upgrade, which focuses on improving user experience and data reporting efficiency, alongside collaborations with other blockchain initiatives.
Community and Ecosystem
The Tellor Tributes community is vibrant and active, consisting of developers, users, and investors who believe in the project’s goals of transparency and integrity in data provision. There are active forums and social media channels where community members engage, share knowledge, and support each other's projects. Tellor has partnered with numerous dApps and blockchain projects, creating a robust ecosystem that encourages innovation and development around decentralized oracles. This collaborative environment enhances scalability and expands the use cases for the technology.
Future Potential
Looking ahead, Tellor Tributes has significant potential to impact the blockchain ecosystem positively. As the demand for accurate and reliable off-chain data continues to grow, Tellor’s technology is positioned to be a vital component of the infrastructure supporting DeFi and other digital applications. Upcoming developments on their roadmap include enhancements to data reporting speed and accuracy, new partnerships in emerging sectors, and potential integrations with Layer 2 solutions, which may reduce costs and increase transaction speed. These factors collectively reinforce Tellor's vision for a decentralized future where access to data is ubiquitous and equitable.
Tellor Tributes market
- Position by market cap among the coins we track.
- #232
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $49.56M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $17.16High $18.84
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $593.09
- Now 3% of itReached 31 Dec 2023 · Needs +3,285% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 2.83M TRB
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 2.9M TRB
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Tellor Tributes converter
1 Tellor Tributes = $17.52
