Witnet Price
WIT
Convert WIT to your currency
Last Updated on Nov 20, 2025 09:05 PM
What is Witnet?
About the coin
Witnet is a protocol that empowers smart contracts by providing them access to a wide range of valuable data sets. It ensures the secure attestation and delivery of this information through strong cryptoeconomic guarantees. The protocol is particularly tailored for 'autonomous' smart contracts, which require a high level of tamper resistance and minimal manipulation risk.
Main features
Witnet is designed to support various DeFi primitives, including price feeds, stable coins, and derivatives. It also serves as a reliable source of randomness, which is crucial for creating uniqueness in NFTs. The protocol utilizes a Proof of Stake (PoS) algorithm and its native coin, $WIT, to ensure secure data handling and network security.
How it works
Witnet addresses vulnerabilities in smart contracts by providing dependable data inputs, safeguarding against breaches and manipulation. Users can stake their tokens to secure the network and earn rewards, contributing to a censorship-resistant ecosystem. The development of Wit/2 is nearing completion, with preparations for staking underway, including instructions for running a Witnet Node. This positions Wit/Oracle as a vital tool for developers seeking reliable data solutions in decentralized applications.
Wallet for Witnet
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Tangem supports networks for Witnet
- Ethereum
- Base
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Witnet FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Witnet (WIT) isa decentralized oracle network designed to provide smart contracts with access to real-world data.
- Witnetprovides a straightforward way for smart contracts to interact with external data sources. This is crucial for applications that need to process real-world information, like prices, weather reports, or the results of events.
How to secure Witnet with Tangem Wallet?
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why choose Witnet wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
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