Review on Tellor by Ibrahim Sunday
Tellor review, 2020
Imagine a block chain, integrated with oracle data base. Well you got it wrong, it is not chainlink, I introduce you to this project, which allows you make transaction on the block chain that is, data are stored on chain. They are similar though, but tonight I bring you Tellor! It works with manual input and retrieval of data. Users send query and others who want the same data, pays incentives. Oracle finds the best query and create another challenge for miners to solve. After solving, the data gets saved and rewards them. The mined value can be disputed by TRB token holders and gets credited after a day. Tokens are used to pay miner, miners staking deposit and to reward after solving system dispute
Pros
- Recently it has reached about 1million market cap and its 1st version has been released long ago
- They don't work with initial coin offering (ICO), it doesn't require capital to work on their products, this enables its workers to work together closely
Cons
- It is an infant market, it doesn't have enough partners and it is not being listed or reported by Binance
