BlockchainBrad: Tellor Tech Talk 01 | BlockchainBrad | DeFi Oracle | Decentralised Oracle | Crypto Oracle | PoW

  • Wednesday, 22 April 2020 15:21
Today, BlockchainBrad Talks about Tellor ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Links: https://tellor.io/ Twitter: @WeAreTellor Tellor youtube: https://www.youtube.com/channel/UCJte... Version 2 article: https://medium.com/tellor/proposed-v2-upgrades-dd3c325ce49a ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele https://t.me/BlockchainBradCommunity ► Follow on twitter: https://twitter.com/Brad_Laurie ► Join BlockVera on twitter: @BlockVera ► Check out BlockVera on youtube: https://www.youtube.com/watch?v=Af4pD ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Timestamps: 0:22 Introduction 0:47 The original beginnings of the Tellor: Daxia: the derivative protocol 1:39 The DeFi solution to solve a real problem 1:55 Devshare: mining reward (10%) 2:47 The Defi spectrum 3:00 What do you need Tellor? 3:16 The Hybridised security mechanism.Miner-staking using PoW 4:00 Multiple Dispute Mechanism for added security. 5:01 Who are the team, what are their skillsets. Brenda, Mike and Nick. 6:00 Tellor's Version 2 plan: Q3 release goal 7:21 Mining is a key component of Tellor 7:50 Staker slashing, multiple dispute mechanisms 8:57 Real partnerships, meaningful partnerships: (like the ADO) 9:20 The support/grants from Binance, Maker and ConsenSys. 9:51 The use cases: the possibilities are endless 10:23 why we need DeFi and DeFi Oracles 10:59 Time to talk partnerships 11:30 The Tellor Alternate Chain Structure 11:46 Binance Smart Chain reference. Tellor is not a Binance project, they are agnostic. 12:30 Matic, Harmony, Cosmos. 13:09 Immense partnership potential 13:22 Chainlink and Tellor Discussion. Tellor: taking permissionless to a whole new level. 14:46 Ground-up #DeFi with a security-first approach. 15:23 Change the financial paradigm 15:50 Social community and social volume is growing 16:04 F2Pool: Miner pooling of TRB is growing 16:30 Marketing. Good Tech & Good Marketing ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Article/screenshot used for talk; Links: Unitallk with Tellor article: Why we need Decentralised Oracles By Unitimes https://medium.com/@unitimes_/unitalk-with-tellor-team-why-we-need-decentralized-oracles-1a545d6de62b SpectreGRP Tellor AMA Meduim post https://medium.com/@SPECTREGRP/spectre-grp-x-tellor-ama-87c186814c05 Tellor’s Alternate Chain Structure Downloadable doc: sourced from SpecreGRP medium Tellor Youtube https://www.youtube.com/channel/UCJteW6bsm1wn34i2hSAZBiw Tellor Teck talk: Version 2 focus. https://www.youtube.com/watch?v=wIWZB7WWtks CoinMonk Chainlink Article https://medium.com/coinmonks/chainlink-a-fundamental-analysis-77fa4a4ea482 ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● What is an oracle? An oracle provides real-world off-chain data and submits this information to a blockchain to be used by smart contracts. Typically this is a data feed provided by a third party service. What is "The Oracle Problem?" Since smart contracts on Ethereum are fully self-contained and any information or access to off-chain data is restricted, certain types of smart contracts are reliant on an outside provider (an oracle) of off-chain data points. How does Tellor solve this problem using DeFi? Tellor set out to solve the oracle problem in a specific context: a lack of secure and decentralized price feeds & other data types for DeFi applications. Tellor aims to enable the growth of the DeFi industry by providing a secure source of for high quality pricing data. The Tellor Oracle is an on-chain data bank where miners compete to add the data points. To create a properly incentivized system Tellor mints a native token, “Tributes.” Parties pay Tellor Tributes to submit a request for data to the Oracle. Based upon the reward assigned to each request, the Oracle selects the best funded query every ten minutes to create a challenge for miners to solve. Proof-of-work has proven to be the gold standard for crypto economic consensus mechanisms and Tellor utilizes it within a hybrid model to secure the oracle. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This was 100% free and I received no financial compensation for doing this video; not in fiat, tokens or any form on payment. INVESTMENT DISCLOSURE: I have invested in Tellor and I plan to invest more as I can afford to. (Not Financial Advice) ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● GENERAL DISCLAIMER: The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner.

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.