Exciting news! The code for Tellor Layer has officially gone to audit, marking a significant milestone in our journey to build a decentralized, robust, and secure Layer 1 oracle blockchain using the Cosmos SDK. Tellor Layer is designed to reach consensus on any subjective data using a network of staked reporters, ensuring accurate and reliable data aggregation. The upcoming audit will verify the security and reliability of Tellor Layer, paving the way for a major overhaul of the Tellor protocol from an EVM and smart contract based system to a stand-alone, oracle specific L1. Stay tuned for updates as we move forward in this exciting phase of development.
A security audit is a crucial step in deploying any blockchain. It involves a thorough examination of the code to identify and rectify potential vulnerabilities that could be exploited. This process ensures that the system operates as intended and maintains a high level of security and reliability. We are proud to be working with Zellic, a renowned security firm specializing in blockchain and smart contract auditing. Zellic’s team has a strong background in competitive hacking and vulnerability research, adopting an attacker’s mindset to ensure no stone is left unturned. Their impressive track record includes working with industry giants like LayerZero, Solana, Berachain, Mantle, and 1inch, making them a trusted partner for our security needs.
At Tellor, we envision a world where interoperability and the censorship resistance of protocols are foundational to innovation and longevity in decentralized systems. We aim to be at the forefront of this evolution, driving the adoption of decentralized oracles across multiple blockchain ecosystems. Our mission is to revolutionize the way data is created, validated, and secured in decentralized networks. By providing a robust, versatile, and scalable oracle, we cater to diverse data needs across multiple blockchains, enabling developers to build on a solid foundation of reliable data.
To achieve this, Tellor harnesses cometBFT consensus, novel oracle architectures, and trustless light client bridges to enable seamless data integration and verification. These innovations ensure the integrity and accessibility of data, fostering a more connected and decentralized multi-chain ecosystem. As we move forward, we are excited to share more progress and a new whitepaper with our community. Together, we are building the future of decentralized data!
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