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.
Lendingblock is a platform that facilitates peer-to-peer borrowing and lending of cryptocurrencies and digital assets. The first crypto-to-crypto based platform, we are revolutionsing the cryptomarket by bringing securities lending and institutional grade capabilities to the cryptoeconomy. Having already met its private sale investment targets and founded by a team of experts from the fintech, and traditional trading space, crypto-enthusiasts and blockchain experts, Lendingblock is a critical innovation for the future of the financial landscape.