Audio from the September 8, 2022 installment of “Polygon Alpha” with Nicholas Fett - CTO at the Tellor Oracle Protocol.LinkTree - https://linktr.ee/polygonalphapodcastPolygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShortsYouTube - https://www.youtube.com/c/PolygonTVApple - Follow the show on Apple Podcast!Spotify - Follow the show on Spotify!RSS feed - https://api.substack.com/feed/podcast/863588.rssTellor Oracle Protocol - Tellor is a decentralized oracle protocol that incentivizes an open, permissionless network of data reporting and data validation, ensuring that data can be provided by anyone and checked by everyone. - Built for any data type, our network of reporters supports your basic spot prices, more sophisticated pricing specs (TWAP/VWAP), Snapshot Vote Results, or any custom data needs you have. - If your data can be verified, Tellor can bring it on-chain. - Blockchains such as Ethereum only have access to a limited amount of information. They are great for tracking an account's cryptocurrency balance, for example. - If you want your smart contracts to use information about the outside world such as cryptocurrency prices, sporting events, or weather, that data has to be put on chain somehow. - One way of solving this problem is by having a single whitelisted address submit this data on-chain. - This creates a central point of weakness in a protocol, however, as this single address could fail or be malicious. - Tellor solves this problem by aligning the incentives of data reporters, data consumers, and Tellor token holders. - In brief, anyone can deposit a stake and report data. For a period of time, anyone can pay a dispute fee to challenge any piece of data. - Tellor stakeholders vote to determine the outcome of the dispute. If the data reporter loses the dispute, the reporter's stake goes to the disputing party. - This creates a system where bad actors are punished and good actors are rewarded.Host: Justin Havins aka Crypto TexanAV Engineer: Aaron PettijohnPolygon official channel:Website: polygon.technologyTwitter: twitter.com/0xPolygonTelegram Community: t.me/polygonofficialTelegram announcement: t.me/PolygonAnnouncementsReddit: www.reddit.com/r/0xPolygon/Discord: discord.com/invite/polygonFacebook: www.facebook.com/0xPolygon.Technology/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com