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.
EURBASE is a hybrid EUR based stable coin with anti inflationary features. Partially collateralized by EUR deposits and partially in Bitcoin and other cryptocurrencies. You can change EBASE to EUR and vice versa at any time on ETERBASE exchange with its integrated IBAN accounts. EURBASE falls under the definition of a payment token under the ESMA definition. EURBASE is fully compliant with AMLD5 and GDPR within the code structure.