Review on Tellor by Furkan Öztoprak
Tellor project overview
Dear readers, I will talk about Tellor today. Tellor is a decentralized Oracle designed to bring off-chain high-value data to Ethereum.
It is stated that the purpose of the establishment of Tellor is that Daxia, a derivative protocol in Ethereum, needs an oracle. It is stated that oracle is relied upon to provide price data points to overcome contracts in Daxia.
In addition, Tellor, launched on the Ethereum network on August 1, 2019, aims to address the Oracle problem in Ethereum.
You can find this token on many well-known exchanges, mainly Binance. Of course it is not investment advice. There is always a risk in crypto currencies. Knowing this, make your investments.
Pros
- It is a decentralized oracle.
- It encourages providing data.
- Having a reward system for miners
- Can be purchased from common exchanges
Cons
- It is not investment advice. It may have risks.
