One of the Oracle protocols that stands out is Tellor, a decentralized and permissionless protocol capable of providing highly secure and accurate data to the blockchain. Some important steps were taken in this regard when this protocol was implemented on Polygon zkEVM. This is a strategic step for the Tellor Project and the entire blockchain community as it strives to improve efficiency, save costs, and maintain security and compatibility with the Ethereum Virtual Machine (EVM).
Polygon zkEVM offers Ethereum’s advanced Layer 2 deployment option, with an emphasis on zero-knowledge proofs. This procedure optimizes the list of operations and reduces transaction costs, making their transactions compatible with EVM. Tellor’s deployment on this network proves an emerging relationship between efficient blockchain scaling methods and decentralized oracle solutions, powering the DeFi system and reaching far beyond.
The combination of Tellor’s Oracle services and smart contracts is completed on Polygon zkEVM. Applications (dApps) in this network can therefore be assured that they are getting their data from a reliable and secure source. This information, forged and signed by the Tellor protocol, is crucial for the correct functioning and decision-making processes within the DApps. The integration promises to significantly increase the capabilities of dApps on Polygon zkEVM. As such, they can use Tellor Data Feeds to extend functionality to various projects, from DeFi projects to other blockchain-based services.
Tellor implementation on Polygon zkEVM is a technical upgrade and a strategic enhancement to the blockchain ecosystem. Tellor, an oracle used by dApps to access data that is trustworthy, verifiable, and censorship-free, has now successfully expanded its core values of transparency and reliability to more platforms. This expansion will undoubtedly add more value to Polygon and Tellor’s ecosystems, bringing more innovation and growth to the decentralized space.
The Tellor team is hopeful that the success of this new implementation will contribute to the growth of the blockchain industry. Tellor continues to provide an overall robust set of data sources for various fields and markets in the blockchain and strives to create 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 ensure blockchain technology reaches its full potential, hence a major achievement for Tellor and the broader blockchain community.
