About Tellor (TRB)
Tellor is a decentralized oracle protocol that allows users to securely and transparently access and monetize data on the blockchain. Tellor was self-reportedly designed to address the need for high-quality, verifiable data in decentralized applications (dApps) and smart contracts.
Tellor allows users to request specific data from the network through smart contracts and to access that data using TRB. This allows for a decentralized and transparent way to access and purportedly monetize data. This is because users can request and pay for only the data they need rather than having to rely on centralized sources that may need to be more trustworthy and transparent.
One of the key benefits of Tellor is that it allows dApps and smart contracts to access high-quality, verifiable data without having to trust a centralized third party. According to Tellor documentation, this is particularly useful in industries such as finance, where accurate and reliable data is critical for decision-making.
In addition to providing data to dApps and smart contracts, Tellor also offers a platform for users to create and run their own data requests. This allows for a wide range of use cases, such as price discovery, supply chain tracking, and market analysis. The current price of Tellor is updated and live-tracked on Binance in real-time.