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.
BitTube as a company offers several products that make up an ecosystem. At the heart of this ecosystem is a blockchain-based technology called AirTime, an ad-free monetisation solution that pays a cryptocurrency (TUBE) based on watch time of any type of content. Payouts are taken from a slowly decreasing block reward, calculated based on a user’s AirTime compared to the grand total AirTime per each block. More information can be found at https://bittube.app