$TRB
Tellor Tributes is the native token of Tellor, a decentralized oracle network that provides off-chain data to smart contracts on blockchains like Ethereum. Oracles are crucial for feeding real-world data (e.g., prices, weather) into blockchain applications.
Key Features of Tellor:
*Decentralized Oracle: Unlike centralized oracles (e.g., Chainlink), Tellor relies on a network of "tributors" (miners/stakers) who compete to submit accurate data.
*Proof-of-Work (PoW) + Staking: Data submissions require miners to solve PoW puzzles, while stakers (TRB holders) dispute inaccurate data.
*Use Cases: Supports DeFi protocols, prediction markets, and other dApps needing reliable external data.
TRB Tokenomics:
-Token Supply: Fixed supply (currently ~2.5 million TRB). No inflation.
Utility:
-Staking: Users stake TRB to participate in disputes or earn rewards.
-Mining Incentives: Miners earn TRB for submitting data.
-Governance: TRB holders vote on protocol upgrades.
Recent Developments (2024–2025):
-Scalability Upgrades: Tellor has been optimizing gas efficiency for cheaper data submissions.
-Cross-Chain Expansion: Deployments on Layer 2s (Arbitrum, Optimism) and other EVM-compatible chains.
-Partnerships: Integrations with DeFi projects needing low-cost oracle solutions.
