Witnet WIT price:

How to buy Witnet? How can I buy the Witnet coin? Witnet stock how to buy? How to get Witnet?

To find out where you can buy currency Witnet see the list of available exchanges.

Where to trade Witnet?

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Witnet, represented by the WIT token, is a sophisticated decentralized oracle network specifically designed to bridge the gap between blockchain-based smart contracts and real-world data. In the realm of decentralized applications, smart contracts inherently operate in isolation from external information, making it challenging for them to react to events or access data outside their native blockchain environment. Witnet addresses this critical limitation by providing a secure, reliable, and cryptographically verified mechanism for smart contracts to obtain off-chain data. At its core, Witnet operates as a distributed network of independent nodes that collectively retrieve, attest to, and deliver information. Unlike centralized oracle solutions which present single points of failure and potential manipulation, Witnet leverages a robust decentralization model. Its network participants, known as Witnet nodes, compete to provide data, and their responses are aggregated and validated through a consensus mechanism that incorporates randomness and cryptographic proofs. This architecture ensures high data integrity and resilience against malicious attacks, making the data feeds trustworthy for mission-critical decentralized applications. The Witnet protocol is built upon a unique Proof of Work consensus algorithm tailored for data retrieval, which incentivizes honest behavior among nodes and penalizes dishonesty. This cryptographic security underpins the reliability of the data delivered, ranging from real-time price feeds and weather conditions to sports results and verifiable random numbers. The versatility of Witnet allows it to serve a wide array of decentralized applications, including complex DeFi protocols requiring accurate financial data, NFT platforms needing verifiable off-chain attributes, and gaming applications relying on unpredictable outcomes. The WIT token is the native utility token of the Witnet ecosystem. It serves multiple essential functions: compensating Witnet nodes for their computational work and bandwidth in fetching and validating data, facilitating payments for data requests from smart contracts, and potentially enabling participation in network governance. Witnet is designed to be blockchain-agnostic, capable of serving various smart contract platforms and contributing to the broader interoperability of the Web3 landscape. By providing decentralized and verifiable access to external data, Witnet significantly enhances the capabilities and real-world utility of blockchain technology, powering a new generation of smart contract applications.

Witnet is a coin and it means this is a cryptocurrency that has its own blockchain and works independently from other cryptocurrencies. Examples of Coins: Bitcoin, Stellar, Litecoin.

What is the Witnet coin cap?

Circulating supply of this Witnet is 1332927368. Total supply of this coin/token is 2500000000. Max supply is 2500000000.

What is the value of Witnet coin?

1 Witnet is worth $0.001198.

To get price and historical data for Witnet coin, use API ID: wit-witnet for endpoints at http://api.coinpaprika.com.