One of the Oracle protocols that stands out is Tellor, a decentralized and permissionless one capable of providing highly secured and accurate data to the blockchain. Some significant strides have been made in this respect when this protocol was deployed on Polygon zkEVM. This is a strategic step for the Tellor Project and the entire blockchain community that strives to improve efficiency, cut costs, and maintain security and compatibility with the Ethereum Virtual Machine (EVM).
Polygon zkEVM provides Ethereum’s cutting-edge Layer 2 deployment option, emphasizing zero-knowledge proofs. This procedure optimizes the list of operations and reduces transaction fees, making their transactions compatible with EVM. The deployment of Tellor on this network proves an emerging relationship between efficient blockchain scaling methods and decentralized oracle solutions, which power the DeFi system and extend far beyond it.
Advertisement
The combination of Tellor’s Oracle services and smart contracts has been completed on Polygon zkEVM. Thus, applications (dApps) in this network can be sure to get their data from a reliable and safe source. This information, forged and signed by Tellor protocol, is crucial for the correct functioning and decision-making processes within the DApps. The integration promises to advance the capacities of dApps on Polygon zkEVM significantly. As such, they can utilize Tellor Data Feeds to extend functionalities to different projects, from DeFi projects to other blockchain-based services.
Tellor deployment on Polygon zkEVM is a technical upgrade and a strategic improvement of the blockchain ecosystem. Tellor, an oracle used by dApps for access to data that is reliable, verifiable, and free from censorship, has now successfully extended its core values of transparency and reliability to more platforms. This extension will undoubtedly bring more value to the Polygon and Tellor ecosystems, bringing more innovation and growth to the decentralized space.
Advertisement
The Tellor team is hopeful that the success of this new deployment will contribute to the blockchain industry’s growth. Going on with providing a generally robust set of data sources for various fields and markets across the blockchain, Tellor aspires to a more decentralized, secure, and efficient crypto environment. This is a bold step for Tellor to pursue its mission of providing the underlying resources to see blockchain technology attain its full potential, hence a great accomplishment for Tellor and the broader blockchain community.
