TRBUSDTTRBUSDT
Daily and 4-hour time frame
With the start of the upward trend of Bitcoin and Ethereum, this currency also started to grow
Entry area 1
28.315
Stop 24.990
Entry area 2
21.297
Stop 15,595
Tellor is hosted on the Ethereum network and represents the Oracle network that feeds off-chain data to Ethereum-based smart contracts. In fact, the project acts as an intermediary between smart contracts on Ethereum (by connecting them to off-chain data) and creating trusted feeds for users on the network. This use of oracles and decentralization by Tellor eliminates its need for third parties.
To provide reliable and secure information, Tellor relies on a network of interconnected miners who work on solving problems, i.e. mathematical equations, to verify and validate information feeds for the requested data types. Miners provide accurate solutions to queries and receive rewards in return; Of course, if the slightest mistake in the correctness of the information appears, they will lose their shared tokens.
On the other hand, the underlying protocol of this mechanism is Proof of Work (PoW) consensus. In this way, Tellor prevents the potential manipulation of data whose source is off-chain. Also, data feeds are updated every 5 minutes by Tellor smart contracts. All these things together have been able to create a safe platform for crypto users
