Too Long; Didn't Read
Tellor’s CTO, Nicholas Fett, gives us an overview of his work building a decentralised oracle network. Tellor is made up of a permissionless community of data providers, validators, and token holders. It makes use of crypto-economic incentives to secure the process of moving any type of data on-chain. Derivatives are financial assets that derive their value from a chosen assets’ performance. They are especially important because of the lack of interoperability between blockchains. For instance, Bitcoin is written in a different programming language than that of the. that of. the. Ethereum blockchain. This means that. Ethereum smart contracts cannot be used on Bitcoin and vice versa.