On November 12th, COINOTAG News reported that Tellor, a decentralized oracle protocol, has unveiled its plans for Tellor Layer, a new Layer1 blockchain developed using the Cosmos SDK. This innovative blockchain aims to enhance the ecosystem of data reporting and aggregation by providing robust incentives for contributors. By enabling seamless data bridging across varying blockchain networks, Tellor Layer addresses significant limitations associated with conventional oracles. Unlike its predecessors, Tellor Layer emphasises a fully decentralized approach, fostering a consensus model that can handle diverse types of subjective data. As the demand for credible and verifiable data solutions in the cryptocurrency landscape expands, Tellor’s initiative marks a pivotal move towards more reliable data ecosystems.
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