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Blockchain oracle

Blockchain oracle is a 3-rd party service that provides smart contracts with off-chain data such as feeds, events, payment rails, and alike, as blockchains and smart contracts can’t access data stored outside of the network.

Without oracles, blockchain networks are limited in their interaction with external sources. An oracle bridges blockchains and outside data.

Related Words

Bitcoin Maximalist

Bitcoin Maximalist is a person who believes that Bitcoin (BTC) is the only cryptocurrency that is worth investing in.

Bull market

A period of time when the price of an asset or security rises steadily. A bull is an investor who expects prices to rise.

Bear market

A period when the market goes down more than 20% for a continued time, two months minimum.

Bagholder

Bagholder is someone who holds instead of selling their crypto that is losing its value for good.

Blockchain

Blockchain is a series of blocks, is a digital ledger of all the verified transactions made on a particular cryptocurrency. Decentralized apps (dApps) could be built using this technology.

Blocks

Blocks are a core of a blockchain, and each block carries historical data of all the transactions that were made on crypto until it becomes completed. Blocks should be verified before being added to a blockchain.

BSC

BSC stands for Binance Smart Chain. It’s supposed to be an alternative to Ethereum. DeFi platforms like PancakeSwap use BSC, which gives an opportunity to gain lower transaction fees. It runs simultaneously with Binance’s native Binance Chain (BC), supplying the high transaction ability of BC with added smart contract practicality.

BTD

BTD means to “buy the dips”. It’s when you purchase an asset after its price has dropped, which is usually thought of as a bargain as the asset is likely to bounce back and increase in price after a while.

BEP-20

BEP-20 is a token standard on the Binance Smart Chain (BSC), which is a blockchain network developed by Binance crypto exchanges. BEP-20 tokens are similar in concept to Ethereum's ERC-20 tokens, and they are used for various purposes within the Binance Smart Chain ecosystem.

Bridge

A bridge is a mechanism or technology that allows the transfer of digital assets or data between different blockchain networks. Bridges enable assets to move from one blockchain to another, which can facilitate cross-chain functionality, token swaps, and the utilization of assets on multiple blockchain platforms.

BTC

BTC (or Bitcoin) is the first and most known cryptocurrency, created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto in 2009. It is a decentralized digital currency that operates on blockchain, enabling peer-to-peer transactions without the need for intermediaries like banks. Bitcoin is used for multiple purposes, such as a store of value and a medium of exchange in the crypto world.

Book Market

A book market in crypto refers to an order book or trading platform where users can place buy and sell orders for various digital assets. It displays a list of orders, including their prices and quantities, allowing traders to match and execute trades, facilitating price discovery and liquidity in the crypto market.

Balancer

Balancer is a DeFi protocol and automated portfolio manager in the crypto space, that allows users to create and manage liquidity pools containing multiple tokens with varying weights. Balancer enables automated trading and rebalancing to maintain a desired asset allocation within the pool.