Home web3.0 Who is the founder of trb coin?

Who is the founder of trb coin?

Jul 05, 2024 am 11:42 AM
Blockchain Bitcoin Blockchain technology

Tellor Coin was founded by Brendan Griggs, and the Tellor network has revolutionized industries such as finance, supply chain, and the Internet of Things by providing a trustworthy and decentralized data feed. The network consists of miners who verify and deliver true and accurate data, and TRB coins are used for staking, governance, and payment of fees.

Who is the founder of trb coin?

The founder of TRB coin

The founder of TRB (Tellor) coin is:

  • Brendan Gregg

Brendan Gregg Gus’ Background

Brendan Griggs is an experienced software engineer who has worked at tech giants like Google and Microsoft. He has a strong interest in blockchain technology and believes it can solve problems existing in traditional data feed systems.

Origin of the Tellor Project

In 2017, Griggs proposed the concept of the Tellor Project to create a decentralized and trustworthy data feed network. The network consists of miners who are responsible for verifying and delivering true and accurate data.

The role of TRB coin

TRB coin is the utility token of the Tellor network and has the following functions:

  • Staking: Miners need to pledge TRB coins to participate in data verification.
  • Governance: TRB coin holders can vote on governance proposals for the network.
  • Payment fee: Users need to pay TRB coins to request data.

The Significance of Tellor Network

The Tellor Network has revolutionized a variety of industries by providing a trustworthy and decentralized data feed, including:

  • Finance: Providing real-time price data and economic indicators.
  • Supply Chain: Track the location and status of your shipments.
  • Internet of Things: Connect and collect device data.

Tellor (TRB), a decentralized data oracle network, is currently in a state of dynamic change. As of 17:00 on July 4, 2024, its price was $85.97, reflecting a 24-hour drop of 8.25%. However, the token’s trading volume has surged to $58.2 million in the past 24 hours, reflecting the strong interest in Tellor.

Tellor has a circulating supply of 2,598,368 compared to Bitcoin, which has a larger circulating supply. Tellor’s maximum supply and total supply have yet to be determined, adding uncertainty to its future price movements. Keep an eye on its liquid market cap, currently sitting at $223 million, as it can be an indication of the market's overall confidence in Tellor.

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