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Buy Sifchain (EROWAN)
What is Sifchain?
Sifchain is a decentralised exchange (DEX) designed to facilitate cross-chain transactions across multiple blockchain platforms. It is built using the Cosmos SDK and aims to provide a seamless and efficient way to transfer value across different blockchains. Sifchain targets 20-25 top blockchains such as Bitcoin, Ethereum, Binance Chain, Polkadot, and EOS, positioning itself as an omni-chain DEX.
How does Sifchain work?
Sifchain leverages the Cosmos SDK, which facilitates efficient communication between blockchains while maintaining decentralisation. It uses the Tendermint consensus algorithm for finality guarantees essential for cross-chain swaps. Sifchain integrates with other chains via the Inter-Blockchain Communication Protocol (IBC) and employs a Peggy bridge for Cosmos and Ethereum interactions. Continuous Liquidity Pools (CLPs) enhance trading efficiency, and smart contracts support the creation of pegged tokens for cross-chain activity.
What are the potential use cases for Sifchain?
Sifchain’s potential applications include:
- Cross-chain liquidity mining to facilitate trading and liquidity provisioning.
- Becoming a leader in omni-chain exchanges, providing access to assets across multiple blockchain networks.
- Enabling EVM interoperability, allowing asset transfers between Ethereum, EVM-compatible chains, and the broader Cosmos ecosystem.
- DeFi applications leveraging fast, low-cost transactions.
- Partnerships with blockchain projects like IoTeX for liquidity pools and Cardano for cross-chain bridging expand its use cases.
What is the history of Sifchain?
Sifchain was established in 2020, with its team inspired by projects like Thorchain. It launched with a mission to enhance cross-chain exchanges. Noteworthy achievements include developing the Peggy bridge for Cosmos-Ethereum transactions and integrating with IBC for improved inter-chain asset movement. Sifchain has pursued further interoperability with EVM blockchains and applied for grants to connect the Cardano ecosystem, supporting its continued evolution toward seamless cross-chain operations.
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Frequently Asked Questions (FAQs)
What is the current price of Sifchain (EROWAN)?
The Sifchain price is $0.000004715954 AUD, representing a -0.04% from the day prior.
Where is the best place to buy Sifchain (EROWAN) in Australia?
The best place to buy Sifchain (EROWAN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Sifchain (EROWAN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Sifchain (EROWAN)?
The trading volume of Sifchain (EROWAN) is $163 AUD in the last 24hrs, representing a -0.04% from the day prior.
How can I buy Sifchain (EROWAN)?
Sifchain (EROWAN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Sifchain (EROWAN)?
The current market cap of Sifchain (EROWAN) is $142.7K AUD.
Can I convert Sifchain (EROWAN) to cash?
Yes - With Coinstash you can convert your Sifchain (EROWAN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Sifchain (EROWAN) are there?
The current circulating supply of Sifchain (EROWAN) is 30.3B.
Is Coinstash a safe place to buy Sifchain (EROWAN) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Sifchain (EROWAN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.