- Blockchain networks, or more specifically, the Ethereum network, allow for fast and secure transfers and creation of digital goods
- Smart contracts on Ethereum are fully self contained and any information or access to off-chain data is restricted.
- Tellor solves this problem by creating a system where parties can request data and miners compete to add this value to an on-chain data bank, accessible by all Ethereum smart contracts.
1.Tellor is a permissionless community of token holders, data providers, and validators. Together, we cryptographically secure putting real world data on-chain. See how it works. It takes 3 lines of code to integrate with Tellor for reliable, trustless data in your smart contracts.
2. Blockchain oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world. Oracles are vital within the blockchain ecosystem because they broaden the scope in which smart contracts can operate.
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