What is Tellor Crypto and how does it work?

3 answers

• Dec 17, 2021 · 3 years ago
  Tellor Crypto is a decentralized oracle network built on the Ethereum blockchain. It serves as a decentralized data feed for smart contracts, providing them with access to real-world data. The network consists of a group of miners who compete to solve a PoW puzzle to provide accurate and timely data. Once a miner successfully solves the puzzle, they submit the data to the blockchain, where it can be accessed by smart contracts. This ensures that the data used by smart contracts is reliable and tamper-proof.
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• Dec 17, 2021 · 3 years ago
  Tellor Crypto is a cryptocurrency that powers the Tellor network. It is used to incentivize miners to provide accurate data and maintain the security of the network. Miners are rewarded with Tellor tokens for successfully solving the PoW puzzle and submitting valid data. The tokens can be traded on various cryptocurrency exchanges and can also be used within the Tellor ecosystem.
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• Dec 17, 2021 · 3 years ago
  Tellor Crypto is a promising project in the cryptocurrency space. It aims to solve the problem of obtaining reliable and verifiable data for smart contracts. By leveraging the power of blockchain technology and decentralized consensus, Tellor Crypto ensures that the data used by smart contracts is trustworthy. With its strong community and dedicated team, Tellor Crypto has the potential to become a leading oracle solution in the blockchain industry.
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