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TürkçeMultiversX VS Tellor Tributes
VS
MultiversX
MultiversX is a blockchain platform designed to offer high-speed and secure transactions, aiming to scale and accommodate a high volume of users efficiently. It focuses on providing a user-friendly experience for developers and businesses, incorporating smart contracts and decentralized applications to enhance its ecosystem. MultiversX strives to differentiate itself by addressing the scalability and usability challenges commonly faced by other blockchain technologies.
more informationTellor Tributes
Tellor Tributes is an innovative oracle solution that aims to provide decentralized, high-quality data feeds for smart contracts across various blockchain networks. By leveraging a network of incentivized stakers, it ensures that the information provided is both accurate and resistant to manipulation. This unique approach positions Tellor Tributes as a vital player in the evolving landscape of decentralized finance, fostering greater trust and reliability in on-chain data.
more information
MultiversX
Tellor Tributes
General Information |
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Title
MultiversX
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Title
Tellor Tributes
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Symbol
egld
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Symbol
trb
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Whitepaper
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Whitepaper
-
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Website
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Website
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Community
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Community
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Last Updated
2025-01-21 23:51
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
32.17
$
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Current Price $
53.43
$
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High 24h
33.11
$
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High 24h
54.32
$
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Low 24h
30.28
$
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Low 24h
49.73
$
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Price Change 24h
0.700729
$
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Price Change 24h
1.62
$
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Price Change % 24h
2.22677
%
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Price Change % 24h
3.13561
%
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Market Data |
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Market Cap
896468191
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Market Cap
141511990
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Total Volume
60711626
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Total Volume
37643234
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Market Cap Change 24h
12161500
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Market Cap Change 24h
4394142
|
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Market Cap Change % 24h
1.37526
%
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Market Cap Change % 24h
3.20465
%
|
|
Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
27847304
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Circulating Supply
2646547.9258492
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Total Supply
27847304
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Total Supply
2716426.2837369
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Max Supply
31415926
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Max Supply
-
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Historical Data |
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All Time High (ATH)
545.64
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All Time High (ATH)
593.09
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ATH Change %
-94.09774
%
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ATH Change %
-90.9808
%
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ATH Date
2021-11-23 10:33
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ATH Date
2023-12-31 22:15
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All Time Low (ATL)
6.51
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All Time Low (ATL)
0.01001379
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ATL Change %
394.95541
%
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ATL Change %
534080.0657
%
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ATL Date
2020-10-07 01:44
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ATL Date
2019-11-01 10:00
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MultiversX
Introduction to MultiversX (EGLD)
MultiversX, better known by its symbol EGLD, is a thriving cryptocurrency that has garnered attention due to its unique attributes and promising potential. Launched as part of the Elrond network, it has positioned itself as a scalable and secure blockchain platform designed to handle high throughput applications.
Past Performance of MultiversX
Since its inception, MultiversX has undergone a significant price journey, witnessing peaks and troughs in line with overall market trends. The coin reached an all-time high (ATH) of $545.64 on November 23, 2021, showcasing its potential during bullish market cycles. However, like many other cryptocurrencies, EGLD faced considerable corrections, leading to a substantial decrease, with a price change of -95.23% from its ATH.
Before reaching its zenith, the coin also experienced its all-time low (ATL) at $6.51 on October 7, 2020. Remarkably, the current price indicates a substantial increase of 299.73% from this low, underscoring its capacity for recovery and growth.
Advantages of MultiversX
The primary advantage of MultiversX is its highly scalable architecture. The network's Adaptive State Sharding technology allows parallel processing of transactions, significantly enhancing throughput and efficiency. This innovation helps in achieving high transaction per second (TPS) rates, making it well-suited for a variety of applications beyond simple peer-to-peer transfers.
MultiversX also employs a secure proof of stake (SPoS) consensus mechanism, which not only provides robust security against attacks but also ensures the network's environmental sustainability. By minimizing the energy consumption typically associated with proof of work mechanisms, EGLD appeals to environmentally-conscious investors and developers.
Disadvantages of MultiversX
Nevertheless, the coin isn't without its drawbacks. MultiversX, like many blockchain projects, faces challenges in terms of adoption and real-world use cases. While technologically sound, the platform must continue to attract developers to build on its infrastructure to sustain its relevance.
Another disadvantage is market volatility. As evidenced by its significant price fluctuations, EGLD remains vulnerable to broader market sentiments and economic factors, which can affect its valuation unpredictably.
Future Outlook for MultiversX
Looking ahead, the future of MultiversX seems promising. Its strong technical foundation positions it well in the competitive world of blockchain, particularly in areas requiring high-speed data processing and transaction capabilities. The network's roadmap includes further developments and partnerships which may enhance its utility and adoption.
Moreover, the crypto market's maturity might see increased institutional interest in platforms like MultiversX, which deliver scalability and speed. While speculative, these factors could contribute to upward price trends, should they materialize effectively.
Conclusion
MultiversX stands as a formidable contender in the world of cryptocurrencies, backed by solid technology and a vision for scalable blockchain solutions. Its past performance reflects the broader crypto market's volatility but also indicates a substantial growth potential. Investors and enthusiasts looking at EGLD must weigh its innovative advantages against the backdrop of market risks and adoption hurdles. As the blockchain ecosystem continues to evolve, MultiversX may play a pivotal role in shaping the future of digital financial infrastructure.
Tellor Tributes
Introduction to Tellor Tributes
Tellor Tributes (TRB) is an innovative cryptocurrency designed to provide decentralized oracle solutions for the blockchain ecosystem. By bridging external data with smart contracts, Tellor enables platforms to securely access crucial off-chain information. This article dives into the historical development of TRB, evaluates its advantages and disadvantages, and offers insights into its future prospects.
The Historical Development of Tellor Tributes
Tellor was launched in late 2019, with its token TRB initially priced at a mere fraction of its current value. Over time, it reached its all-time low (ATL) of approximately $0.01 in November 2019, showcasing a remarkable growth trajectory that saw it peak at around $593.09 in December 2023. This meteoric rise can be attributed to the increasing demand for decentralized finance (DeFi) applications that require reliable oracle services.
As the DeFi space burgeoned, Tellor carved out a niche for itself, facilitating data feeds for several platforms and enhancing smart contract functionality. However, it has also experienced significant volatility, which is essential for investors to consider.
Advantages of Tellor Tributes
One of the key advantages of Tellor Tributes is its decentralized nature, which mitigates the risks associated with single points of failure commonly found in traditional oracles. By utilizing a network of miners to submit data, Tellor ensures that the information fed into the blockchain is both reliable and tamper-proof. Additionally, TRB holders have governance rights, allowing them to influence the future direction of the platform.
Moreover, Tellor’s design encourages transparency and incentivizes data accuracy through monetary rewards. This creates a strong economic model that benefits both data providers and the broader ecosystem relying on accurate off-chain information.
Disadvantages of Tellor Tributes
While Tellor Tributes presents compelling advantages, there are notable drawbacks as well. One significant concern is the scalability of the network. As the number of data requests increases, the current infrastructure may struggle to process them efficiently, potentially leading to delays or increased costs for users.
Furthermore, like many cryptocurrencies, TRB's value is subject to market volatility. Its dramatic past fluctuations, such as the drop from its all-time high to the current price of around $62.15, illustrate the inherent risks of investing in this asset. Prospective investors should approach with caution and consider their risk tolerance.
Future Outlook for Tellor Tributes
The future outlook for Tellor Tributes appears promising, given the growing trend of decentralized applications and the need for secure data integration within blockchain technology. As more platforms adopt DeFi solutions, Tellor is well-positioned to expand its market share. Advancements in its underlying technology and increased community engagement could further enhance its relevance.
However, competition in the decentralized oracle sector is fierce, with other projects vying for dominance. Continuous innovation and adaptation to market demands will be crucial for Tellor to sustain its position and attract a broader user base.
Conclusion
Tellor Tributes represents a vital component of the decentralized finance movement, offering innovative solutions for blockchain applications. While it faces challenges such as scalability and market volatility, its decentralized approach, governance model, and commitment to providing reliable data keep it at the forefront of oracle technology. As the ecosystem evolves, TRB has the potential to become an essential player in the growing landscape of blockchain-based applications.