According to Odaily, Tellor, the oracle protocol, has announced that its Oracle L1 and Tellor Layer will undergo an audit. The forthcoming audit aims to verify the security and reliability of the Tellor Layer. The system is transitioning from an EVM-based and smart contract system to an independent, oracle-specific L1. Further updates will be released in due course.
The audit is a significant step in ensuring the robustness of the Tellor system. It will provide an additional layer of confidence for users and stakeholders in the security and reliability of the platform. The transition to an independent, oracle-specific L1 signifies a strategic shift for Tellor, demonstrating its commitment to enhancing its oracle protocol.
The announcement of the audit and the subsequent updates are eagerly awaited by the community. The results of the audit will provide valuable insights into the system's security and reliability, which are crucial for its continued success. The transition to an oracle-specific L1 also indicates Tellor's dedication to improving its services and meeting the evolving needs of its users.