Tellor Tributes TRB

Tellor Tributes (TRB) are tokens used in the Tellor network. They are used to incentivize participants and facilitate the exchange of value within the network. TRB tokens are created through a proof-of-work mining process, where miners compete to provide accurate data to the oracle and are rewarded with TRB for their contributions. In order to mine the network, miners are required to stake 1000 TRB. The purpose of TRB is to align incentives between users, data reporters, and the community of token holders by funding contracts that provide payment to data reporters and ensuring the security and growth of the network.

Tellor Tributes are unique compared to other cryptocurrencies because their primary purpose is not as a monetary asset. While most cryptocurrencies aim to function as a form of digital currency, Tellor Tributes serve a different role in the Tellor system. They are used for providing security by incentivizing miners through base rewards, as well as for miners' staking deposits and the system's dispute fees. Additionally, ownership of the Tellor token is utilized as an aggregation unit for calculating votes in disputes. So, the uniqueness of Tellor Tributes lies in their specific utility within the Tellor ecosystem rather than their function as a traditional currency.