Tellor (TRB) is a decentralized oracle network designed for Ethereum-based applications. It provides reliable and valid market data to smart contracts, eliminating the need for users to visit crypto exchanges. Co-founded in 2019 by Brenda Loya and Michael Zemrose, Tellor combines the expertise of Loya in blockchain and data science with Zemrose’s background in business development. The network uses miners, a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) protocol, and a unique Tributes hash function to ensure secure data retrieval and processing. TRB tokens serve multiple functions and promote network security. When observing the technical aspects, it is advisable not to enter long positions in TRB tokens currently. Long-term investors may want to wait for a correction, ideally in the range of $45 to $50, before considering a ‘HOLD’ strategy. Currently, the sentiment appears to be bearish.
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