Wed. Jul 24th, 2024

Tellor (TRB) Price Prediction for 2024,2025,2026,2030!

By Bullcoins.info May 16, 2024

About

Blockchains such as ethereum only have access to a limited amount of information. They are great for tracking an account’s cryptocurrency balance, for example. If you want your smart contracts to use information about the outside world such as cryptocurrency prices, sporting events, or weather, that data has to be put on chain somehow. One way of solving this problem is by having a single whitelisted address submit this data on-chain. This creates a central point of weakness in a protocol, however, as this single address could fail or be malicious.

Tellor solves this problem by aligning the incentives of data reporters, data consumers, and Tellor token holders. In brief, anyone can deposit a stake and report data. For a period of time, anyone can pay a dispute fee to challenge any piece of data. Tellor stakeholders vote to determine the outcome of the dispute. If the data reporter loses the dispute, the reporter’s stake goes to the disputing party. This creates a system where bad actors are punished and good actors are rewarded. Source: tellor.io

Coin Website: tellor.io
Total Supply of Tokens: 2,629,375 TRB
Protocol: Ethereum

Long-term price prediction

Presented below is a price prediction that was made using available market and coin information to predict real case scenarios on the blockchain. Bullcoins.info offers informational price predictions and not financial investment advice.

YearEst. Min. PriceEst. Max. Price
202449.92$173.75$
202552.74$193.86$
202659.96$242.75$
202766.71$285.97$
202886.97$241.75$
202996.42$325.86$
2030164.97$400.75$

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