Altcoins Flashcards
What are Oracles?
Blockchain Oracle Definition: third party or decentralized data feed services that provide external data / off-chain data it onto the blockchain.
It’s important to note that a blockchain oracle is not the data source itself, but rather the layer that queries, verifies, and authenticates external data sources and then relays that information. The data transmitted by oracles comes in many forms – price information, the successful completion of a payment, or the temperature measured by a sensor.
Notable Oracles: 31/01/2020 Chainlink (MC: $4,628,051,218) DIA (MC: $30,297,330) API3 (MC: $35,493,653) Band Protocol (MC: $124,077,760) (x) DOS (MC: $8,132,816) (x)
What are Blockchain Infrastructure Projects?
Data projects, provide interfaces (APIs)
Notable 2021:
The Graph (MC: $444,157,966)
PARSIQ (MC: $62,063,228) (x)
What are notable Exchange coins?
Exchange coins have strong brand recognition and strong user relationship, which leads to more features.
Binance ($5,130,042,567) Swissborg ($234,152,407) (x) OKB ($1,625,070,144) Crypto.com Coin ($1,494,675,293) LEO Token (Bitfinex) ($1,325,473,614) Celsius Network ($1,104,289,404) Huobi Token ($962,655,021) Uniswap ($844,000,000)
Are overrepresented - Investor like them, buy them.
What are DeFi Coins?
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
- Most important technical revolution
- Most importnt industry (now)
- Most disruption
AAVE ($1,061,538,828) - lower risk high market cap
Kyber Network ($190,809,721)
MahaDAO ($7,361,139) (like Maker?)
YF-DAI ($12,892,427) (interesting)
What are Empire coins?
Empire coins are coins that engulf other projects
yearn.fincance ($814,875,582)
Trustswap ($36,055,000) (X) (insurance)
What are insurance coins?
Nexus Mutual ($167,000,000) Cover Protocol ($51,717,953) Bridge Protocol ($475,747) (insurance)
