- Coins 17 027
- Exchanges 1 291
- Market Capitalization $2 761 379 565 407
- 24h Trading Volume $64 883 567 420
- Dominance BTC 60.83% ETH 6.96%
Tellor Tributes (trb) Live Chart
| Crypto Rank | Name | Current Price | 24h Price Change | Total Supply | Circulating Supply | |
|---|---|---|---|---|---|---|
| 541 |
TRB
Tellor Tributes
TRB
| $ 24.49 | + 7.36% | 2 741 565 | 2 660 630 | AI Insight |
Tellor Tributes (trb)
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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