Oracle Protocol

Tellor is a decentralized oracle network that provides secure and decentralized data for web3 projects. It leverages a network of miners to accurately and transparently source real-world data for various smart contracts and dapps.

Enhanced Security

Tellor can significantly enhance your web3 project’s security by providing decentralized oracle services. By doing so, it ensures the integrity of data input into blockchain or smart contract systems. Through its decentralized network of data providers, Tellor reduces single point failures and provides protection against data manipulation, improving system resilience.

Reliable Data Feeds

Tellor aids your web3 project by providing decentralized, reliable data feeds. Irrespective of the industry your project operates in—be it finance, insurance, or gambling—Tellor ensures secure and trustworthy data input from off-chain sources. Since its data request system is based on proof-of-work, it offers a censorship-resistant method of data verification and submission, thereby improving data reliability.

Crypto-Compatible System

By employing a native cryptocurrency, Tellor Tributes (TRB), the platform enhances compatibility with other crypto projects. TRB is used in the Tellor system for data requests and miner rewards, providing a built-in incentive mechanism. Therefore, integrating Tellor into your web3 project ensures seamless interaction with other crypto-based systems, bolstering overall network performance.