Buy Glitch Protocol (GLCH)
What is Glitch Protocol?
Glitch Protocol is a blockchain-agnostic protocol designed specifically for decentralised finance (DeFi) applications and trustless money markets. It focuses on providing a scalable, fast, and interoperable platform that supports high transaction throughput and low costs, aimed at facilitating DeFi and decentralised applications (dApps).
How does Glitch Protocol work?
Glitch Protocol operates using a Delegated Proof-of-Stake (DPoS) consensus mechanism, where stakeholders outsource network security to selected block producers. This system promotes fairness by ensuring each stakeholder has an equal chance of block creation. It employs a unique carousel system to prevent a small group of block producers from dominating the blockchain governance. The platform also includes a GRC-20 token standard for integrating tokens from other platforms like Ethereum into the Glitch ecosystem.
What are the potential use cases for Glitch Protocol?
Glitch Protocol supports a variety of uses, including:
- Decentralised Finance (DeFi): Facilitates the creation and operation of DeFi applications and trustless money markets.
- Interoperability: Supports the exchange of data and digital assets between Glitch and other blockchain networks, including Ethereum.
- Decentralised Exchange (GEX): A permissionless, peer-to-peer engine for efficient and secure asset trading.
What is the history of Glitch Protocol?
Founded by Sean Ryan in 2020 in Hong Kong, Glitch Protocol has undergone several significant developments, including a token generation event on January 19, 2021, and completing five funding rounds that raised a total of $3.35 million. It is built on the Substrate Framework, ensuring an interoperable and blockchain-agnostic architecture. Major updates include a unique DPoS consensus mechanism and plans for a currency migration bridge to enhance cross-chain interoperability.
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Frequently Asked Questions (FAQs)
What is the current price of Glitch Protocol (GLCH)?
The Glitch Protocol price is $0.00945392 AUD, representing a -0.13% from the day prior.
Where is the best place to buy Glitch Protocol (GLCH) in Australia?
The best place to buy Glitch Protocol (GLCH) 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 Glitch Protocol (GLCH) 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 Glitch Protocol (GLCH)?
The trading volume of Glitch Protocol (GLCH) is $337 AUD in the last 24hrs, representing a -0.13% from the day prior.
How can I buy Glitch Protocol (GLCH)?
Glitch Protocol (GLCH) 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 Glitch Protocol (GLCH)?
The current market cap of Glitch Protocol (GLCH) is $648.4K AUD.
Can I convert Glitch Protocol (GLCH) to cash?
Yes - With Coinstash you can convert your Glitch Protocol (GLCH) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Glitch Protocol (GLCH) are there?
The current circulating supply of Glitch Protocol (GLCH) is 70.1M.
Is Coinstash a safe place to buy Glitch Protocol (GLCH) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Glitch Protocol (GLCH) 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.