Tellor
Tellor is a decentralized oracle network that provides external data to smart contracts on various blockchains. Its primary function is to bridge the gap between off-chain data sources and on-chain smart contract execution, enabling decentralized applications to access real-world information like asset prices, weather data, or election results. The Tellor network operates on a proof-of-work consensus mechanism where a distributed network of miners compete to retrieve and submit data to the blockchain.
The system incentivizes miners through the Tellor token, TRB. Miners stake TRB to participate in data retrieval