Report post

What is an oracle in crypto?

In short a crypto oracle carries data. Either from the real world to the blockchain and vice versa, between blockchains or completely off-chain. So a blockchain does not just offer services based only within its own ecosystem. As a result oracles increase the amount of services offered on blockchain via smart contracts.

What is cryptocurrency?

Cryptocurrency is an umbrella term that encompasses several different types of blockchain technologies, which Guy over at the Coin Bureau does a great job of categorizing. Here are the seven major categories for cryptos, with a sentence or two to describe each:

Will Oracle Cryptos grow alongside smart contract cryptocurrencies?

As smart contract cryptocurrencies like Ethereum, the Binance SmartChain, Avalanche, and Polkadot grow, oracle cryptos will grow right alongside them.

What are the most dangerous Cryptos?

Exchange Tokens – Coins like this are probably the most comparable to stocks or equities. Holding an exchange token is much like owning part of an exchange like Binance or Uniswap. Memecoins and Shitcoins – These are the most volatile and dangerous of all cryptos.

Related Articles

The World's Leading Crypto Trading Platform

Get my welcome gifts