What is Tellor Tributes (TRB)?

$TRB is a decentralized oracle protocol that provides data to Ethereum Blockchain smart contracts. It operates on a permissionless network, enabling anyone to participate in data reporting and validation. The protocol supports various data types, including market data, through reporters using the Telliot client. The necessity for Tellor emerged from the team’s experience with Daxia, a derivative protocol on Ethereum, which needed reliable off-chain data for its smart contracts.

Ethereum smart contracts are self-sufficient but limited in accessing off-chain data, necessitating reliance on third-party sources. This dependency can create security vulnerabilities, compromising the trustless nature of Blockchain technology. A decentralized oracle like Tellor is essential for smart contracts to function securely.

When Ethereum ETF will start to be traded, $TRB will benefit to this and pump the price. So it is better to buy $TRB and hold it.