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Tellor (TRB) is a decentralized oracle protocol designed to provide reliable, tamper-resistant data for smart contracts on the Ethereum blockchain. TRB is the native utility token used to incentivize data reporters and secure the network through staking and dispute resolution mechanisms. In the Tellor system, data providers (miners) compete to submit valid data points, such as price feeds, which are then aggregated and made available to decentralized applications (dApps).
TRB's value is closely tied to demand for secure off-chain data in DeFi, making it sensitive to market cycles and technological adoption. The protocol’s decentralized nature helps mitigate single points of failure seen in centralized oracles. While Tellor faces competition from projects like Chainlink, its emphasis on decentralization and community governance gives it a niche appeal. TRB remains a speculative asset, with price volatility driven by DeFi growth, tokenomics, and user adoption of the oracle infrastructure.
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