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Tellor Price

(TRB)

$15.048
-0.11%(1h)

1m5m15m1h8h1d1W
Tellor (TRB) Live Price Chart

    Tellor Live Price Data

    The live price of Tellor is 15.048, with a total trading volume of -- in the last 24 hours. The price of Tellor changed by +1.04% in the past day, and its value has decreased by -0.23% over the last week. With a circulating supply of 2,797,126 TRB, the market cap of Tellor is currently 0 , marking a +1.04% increase today. Tellor currently ranks #446 in market cap.

    How do you feel about TRB today?

    Note: This data is for reference only.
    pk

    TRB(TRB) Profile

    altRank446
    rateB
    Expand
    $14.893
    $15.552

    ATH
    $602.98180144
    Price Change (1h)
    -0.11%
    Price Change (24h)
    +1.04%
    Price Change (7d)
    -0.23%
    Market Cap
    24h Volume
    Circulating Supply
    2,797,126
    Max Supply
    --

    About Tellor

    • What Is Tellor Tributes (TRB) Crypto?

      Tellor Tributes (TRB) is the native token of the Tellor Oracle Protocol, a decentralized system that provides reliable data feeds to blockchain-based applications. By acting as an oracle network on the Ethereum blockchain, it facilitates the retrieval of real-world information, including prices and weather data, for decentralized applications (dApps) and smart contracts.

      One of the key functions of TRB tokens is to incentivize miners to supply accurate data, ensuring the integrity and security of the data oracle system. Miners compete on the Tellor network to submit precise information, and TRB tokens serve as a reward for honest data providers while penalizing those who submit incorrect data. This mechanism guarantees the reliability and accuracy of the data provided by the Tellor Oracle.

      The Tellor Oracle Network operates through a network of staked reporters who fetch, verify, and supply off-chain data to smart contracts on the Ethereum blockchain. This capability empowers dApps that rely on real-world information to function effectively.

    • How Does Tellor Oracle Network Work?

      The Tellor Oracle Network is an advanced decentralized oracle system that provides reliable off-chain data to smart contracts on the Ethereum blockchain. Discover how this groundbreaking network operates for seamless data integration:

      Staked Reporters

      In the Tellor Oracle Network, a network of staked reporters takes on the critical role of fetching and verifying real-world data. These reporters actively participate by staking TRB, the native cryptocurrency of Tellor, to join the network.

      Data Requests

      Users or smart contracts submit requests to the Tellor Oracle Network to access specific data. These requests include the desired data and a reward in TRB tokens, incentivizing reporters to provide the information.

      Data Reporting

      Competing to fulfill the requests, reporters fetch the required data from diverse sources and submit it to the network. The system aggregates the data and employs a consensus mechanism to ensure accuracy. Penalties are imposed on malicious or inaccurate data submissions, maintaining the network's reliability.

      Data Verification

      The staked reporters engage in voting and consensus to verify the accuracy of the data. This robust verification process ensures that only reliable information is included in the final data set.

      On-chain Data

      Once verified, the data is made accessible on the Ethereum blockchain. This enables dApps to securely access real-world information like price feeds, weather data, or sports scores in a trustless manner.

      TRB Rewards

      Reporters who consistently provide accurate data are rewarded with TRB tokens, reinforcing the integrity of the network. Conversely, penalties discourage the submission of incorrect data, ensuring the network's high standard.

    • History of Tellor Network and TRB Coin

      Tellor, founded in 2019, emerged to address challenges related to existing oracles in the blockchain space. It was established by a team of innovative minds, including Brenda Loya, Nick Fett, and Michael Zemrose. The project was created to enhance data reliability and decentralization in blockchain applications.

      Tellor’s Founders

      > Brenda Loya serves as the CEO of Tellor and brings her expertise in blockchain technology, data science, and scalability to the project.

      > Nick Fett, another co-founder, plays a key role in the development and progress of Tellor.

      > Michael Zemrose, as the Chief Strategy Officer (CSO), contributes his business development experience.

      Since its inception, Tellor has garnered significant attention and support from the investor community. Notable investors, including Binance Labs, Makers, and Consensys Grants, have contributed to their funding rounds, totaling approximately $400,000. These investments attest to the confidence placed in Tellor's vision.

    FAQ

    • How much is 1 Tellor (TRB) worth?

    • Is Tellor (TRB) a Good Investment?

    • What Is Tellor Price Prediction?

    • How to Use TRB Token

    • How to Earn on Tellor

    • How to Mine TRB Coin on Tellor

    • What Blockchains Does Tellor Support?

    • What is the all-time high price of Tellor (TRB)?

    • What is the all-time low price of Tellor (TRB)?

    • How much Tellor (TRB) is there in circulation?

    • How do I store Tellor (TRB)?