Tellor TRB to Beaxy BXY Exchange

Crypto Pair Details: TRB to BXY

Tellor TRB

Smart contracts on Ethereum are fully self contained and any information or access to off-chain data is restricted. Tellor solves this problem by creating a system where parties can request the value of an off-chain data point (e.g. ETH/USD) and miners compete to add this value to an on-chain data bank, accessible by all Ethereum smart contracts. Inputs to a data series are secured by a network of staked miners. The main Tellor smart contract creates a time series of each requested data series and aims to become the standard source of high value data for decentralized applications. This oracle, “Tellor”, utilizes similar incentive mechanisms to other cryptocurrency systems through the issuance of Tellor’s token, Tributes, that are used to request a particular data series from miners.

Beaxy BXY

BXY is an exchange utility token that powers the Beaxy Exchange platform. It can be used to increase user levels, reduce fees, and access new tools & features.

SOURCE: COINGECKO

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