How does Tellor work?

The reporters, armed with Telliot, embark on a journey to gather data from a myriad of external APIs and diverse data sources. This diverse range of information ensures that Tellor's ecosystem remains robust and well-informed.

Once the data is collected, it is meticulously fed into the Tellor system, where it undergoes rigorous verification processes. This ensures that the data is accurate, reliable, and ready for consumption by smart contracts.

The integration of Telliot within the Tellor ecosystem underscores the platform's commitment to transparency and decentralization. By empowering reporters to contribute data directly, Tellor fosters a vibrant and collaborative community.

At the heart of Tellor's operations lies a community of reporters, often referred to as miners, who harness the power of Telliot, an open-source reporting client. This innovative tool acts as a bridge, connecting the vast network of data providers to the Tellor ecosystem.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of the digital asset ecosystem. Among its offerings are spot trading, futures trading, and a secure wallet solution, all designed to enhance the user experience.