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.
DigitalBits closes the gap of blockchain adoption by integrating with consumer apps - unlocking value in the pockets of millions. DigitalBits is a third generation protocol over the former Stellar network, that’s tackling the challenges of usability and mainstream adoption. By bringing together technology, team and enterprise-grade execution, DigitalBits is bringing crypto to the masses. Backed by some of the top-tier crypto funds and advisors, DigitalBits targets an enterprise go-to-market strategy with a focus on the points economy - further accelerating the adoption of blockchain technology into society.