Oracle Protocol
by Tellor
Ethereum
Polygon zkEVM
Polygon PoS
Gnosis
Optimism
Arbitrum One
Filecoin
Base
Mantle
Quick Fact
Tellor uses a Proof-of-Work consensus algorithm which adds to the security and reliability of the data it provides.
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.