Chainlink (LINK) Explained: Oracles, Data Feeds, and How to Buy LINK on Gate US

chainlink-link-explained-oracles-data-feeds-and-how-to-buy-link-on-gate-us

Altcoin is one of the most dynamic and controversial sectors in the crypto world. If you already know enough about mainstream coins such as BTC and ETH, you might as well step out of your comfort zone and take an exciting trip to the cutting edge of the crypto industry.

Altcoins

Bitcoin is the world's first cryptocurrency, created in 2008 by the mysterious genius called Satoshi Nakamoto. Bitcoin has a limited total supply and the strongest community. With its price going all the way up to where it is today, Bitcoin is more and more seen as modern society’s "digital gold".

Bitcoin

Blockchain is the underlying technology for almost all cryptocurrencies. It is a distributed ledger jointly maintained by decentralized nodes around the world. Blockchain is hailed as "the trust machine", enabling trustless peer-to-peer payments. Blockchain will become the infrastructure for the next generation of the Internet - Web 3.

Blockchain

In 2020, the " DeFi Summer" left people fascinated by the charm of Decentralized Finance, and also brought the Ethereum ecosystem to the forefront of crypto space. Let us show you here how to play with the DeFi "Money Legos".

DeFi

In the world of crypto, Ethereum is the source of innovation, where DeFi, NFTs, Layer 2, and numerous new technologies were created. One of its co-founders, Vitalik Buterin, is a key opinion leader in the crypto world. Ethereum launched a series of important upgrades to transition from proof-of-work (PoW) to proof-of-stake (PoS), which may help to break down the Blockchain Scalability Trilemma and makes Ethereum a “ultra-sound money”.

Ethereum

The best way to understand the crypto world is to trade cryptocurrencies. At Gate Learn, you will find the most useful tutorials to help you embark on a journey into the crypto world.

Trading

The crypto world is an ever-evolving ecosystem, where you'll never run out of new things to learn. But don't worry, we’ve got you covered with our step-by-step tutorials about the most cutting-edge crypto products.

Tutorial

GameFi merges the concepts of 'Gaming' and 'Decentralized Finance' (DeFi). These platforms, grounded in blockchain technology, often employ token or NFT-based reward systems. This setup enables players to enhance the value of their digital assets through trading, investing, or completing tasks, all while enjoying the gaming experience.

GameFi

A DAO (Decentralized Autonomous Organization) operates as an organizational structure rooted in blockchain technology. It employs smart contracts to facilitate automated operational decisions. In such organizations, the voting rights of each member are typically tied to the number of tokens they possess or their level of contribution, fostering equitable and collective intelligence-driven decision-making.

Macro trends refer to long-term directions or patterns that influence a wide area, such as the global stage, a nation, an entire industry, or a market. These trends often encompass a blend of changes in various sectors including the economy, politics, society, and technology. They play a crucial role in shaping the decisions of individuals, businesses, and policymakers.

Macro Trends

Cryptocurrency wallets do not store crypto tokens directly. Instead, the tokens are maintained on the blockchain network. These wallets are designed to keep private and public keys, along with the necessary passwords for accessing these digital assets. Crypto wallets can manifest in various forms, such as a device, a program, a piece of software, or an application.

Wallets

As Web3 continues to evolve, a variety of new technologies have emerged in the space, including oracles, Layer 2 solutions, multi-signature wallets, inscriptions, and account abstractions.Understanding and mastering these new technologies will enable participants to better capitalize on industry trends and uncover wealth opportunities.

Technology

A meme is a cultural snippet that goes viral, spreading ideas, behaviors, or trends across communities online. It's like a digital wildfire, often embodied by popular images or videos. Meme coins generally refer to tokens designed based on memes, such as DOGE and SHIB, which are created based on dog memes.

Meme

Artificial Intelligence (AI) enables computers to mimic human thought and action. It's regarded as a key catalyst for the latest wave of tech revolution and industry shift. In the realm of Web3, various initiatives have engaged with the AI sector, pioneering new approaches through decentralized frameworks.

DePin stands for Decentralized Physical Infrastructure Network. It's about leveraging a system of rewards, paid out in tokens, to motivate people to pool resources like storage, bandwidth, computing power, and energy. The goal is to collaboratively create and sustain the backbone of the network, making it a collective effort.

DePin

Stablecoins are the foundation of the cryptocurrency universe. They are designed to hold steady prices through various methods, like backing by real-world assets or using algorithms. Essentially tied to traditional currencies or precious metals, stablecoins offer a way for crypto users to sidestep the market's ups and downs.

StableCoin

Traditionally, it's about facilitating monetary capital, covering all aspects related to the flow of money and banking credit. In the Web3 realm, understanding financial principles is essential with the crypto economy burgeoning, increased issuance of cryptocurrencies, and the growth of decentralized finance (DeFi). This knowledge not only aids in navigating the evolving landscape of crypto trends but also lays the groundwork necessary for engaging with an array of crypto-based offerings.

Finance

RWA (Real World Asset) refers to assets that exist in the real world, rather than on the blockchain network, such as real estate, stocks, bonds, artwork, etc. These assets are mapped onto the blockchain network through certain methods, thereby facilitating interaction with DeFi protocols. This provides users with a wider range of asset choices and sources of income.

The world of crypto is incredibly vast, and having the right tools can make it easier for users to explore and trade. This section covers a variety of types, including trading tools, project data inquiry tools, asset minting tools, Alpha searching tools, and investment information tools.

Crypto Tools

The Web3 world is filled with both opportunities and risks. This topic will provide you with a comprehensive analysis of security incidents in Web3, uncover common attack methods and vulnerabilities, and offer practical asset protection strategies and guidance.

Security

Understanding the principles, architecture, and tokenomics of a project is crucial for investment decisions. What is the core technology of a project, and what are the use cases of its tokens? All these will be revealed in the Project Analysis section.

Project Analysis

Layer 2 refers to solutions built on top of the main blockchain (Layer 1) designed to enhance scalability, reduce transaction costs, and increase speed.

Layer 2

Solana is a blockchain platform focused on high performance and low latency, capable of handling large-scale transactions. Various popular narratives such as DeFi, memes, and decentralized physical infrastructure (Depin) are developed on this public chain.

Solana

Blockchain payment systems utilize cryptocurrencies and digital assets to replace traditional financial networks, enabling faster and lower-cost cross-border payments.

Payments

Sui is a low-latency, high-throughput Layer 1 blockchain. It has developed a diverse ecosystem encompassing applications across multiple domains, including DeFi, Meme, NFT, and gaming.

Sui Ecosystem

Chain abstraction is a technology designed to enhance the blockchain user experience. It allows regular users to interact with blockchain applications without understanding underlying technical details, enabling features like gas-free transactions or seamless cross-chain interactions.

Chain Abstraction

Providing quick reviews and analysis of newly issued tokens in the market, including MEME, DeFi, GameFi, public chain, infrastructure tokens, etc.

Quick Reads

XRP is the native cryptocurrency of the Ripple network, designed to facilitate fast, low-cost cross-border payments and asset transfers for financial institutions globally. Utilizing its unique consensus mechanism (RPCA), XRP offers rapid transaction settlement and energy efficiency. Despite ongoing legal challenges, XRP remains a significant player exploring practical blockchain applications in the global payments landscape as a potential "new paradigm".

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In 2020, the "DeFi Summer" left people fascinated by the charm of Decentralized Finance, and also brought the Ethereum ecosystem to the forefront of crypto space. Let us show you here how to play with the DeFi "Money Legos".

Chain Abstraction

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Chainlink (LINK) Explained: Oracles, Data Feeds, and How to Buy LINK on Gate US