#TRB

L1 oracle chain

Recognizing the need for innovation in response to the dynamic crypto environment, Tellor has embarked on the development of Tellor Layer, an L1 oracle chain. The decision stems from key observations, namely ‘Application-Specific Chains’ (the emergence of numerous chains tailored for specific applications), ‘No Dominant Native System’ (absence of a singular native system, with projects operating as individual L1s or utilizing shared security zones), and finally ‘Advancements In Trustless Bridging’ (disruption of traditional hub-and-spoke models with the rise of light client bridges, blurring the lines between sovereign L2s and L1

In this way, Tellor Layer brings forth substantial improvements, shifting from incentivizing individual reporters to leveraging the entire validator set for consensus-based data aggregation. This results in faster data point delivery, scalable security with customizable requirements, and seamless data bridging to any chain through a custom light client protocol.

Users can thus experience a paradigm shift with Tellor Layer, the groundbreaking L1 oracle chain designed to revolutionize the oracle landscape. Launching in 2024, Tellor Layer provides access to faster data point delivery, scalable security, and seamless data bridging to any chain. In doing so, Tellor Layer is set to redefine the way oracles operate, leveraging the entire validator set for consensus-based data aggregation.

Finally, accessibility is at the heart of Tellor's mission. Tellor provides user-friendly interfaces and tools, prioritizing approachability to broaden their audience and facilitate widespread adoption within the crypto community. Tellor’s commitment to decentralized identity verification ensures reliability without compromising user privacy, fostering a robust and censorship-resistant ecosystem.