Buy Wormhole (W)
What is Wormhole?
Wormhole is a cross-chain messaging protocol designed to enable asset and information transfers between different blockchains. It addresses interoperability and token transferability issues within the Web3 space, aiming to facilitate seamless crypto asset and data movement across multiple blockchain networks.
How does Wormhole work?
Wormhole functions as a cross-chain messaging protocol using a network of 19 validators, known as Guardians, who verify and sign messages emitted by smart contracts on various blockchains. These verified messages are relayed to the destination blockchain for processing and execution. The protocol operates on multiple blockchains, including Solana and Ethereum, and uses a Proof-of-Authority (PoA) consensus mechanism with specific algorithms like Verifiable Action Approvals (VAAs).
What are the potential use cases for Wormhole?
Wormhole has numerous potential use cases, including blockchain interoperability, decentralised finance (DeFi) applications, cross-chain messaging and asset transfers, governance and decision-making within its network, staking, and delegation for on-chain governance. Real-world applications include high-yield opportunities on platforms like Kamino DeFi and enhanced liquidity through Wormhole's Composable Intents product. The technology is particularly relevant for industries involved in DeFi, blockchain interoperability, and cryptocurrency trading.
What is the history of Wormhole?
Wormhole was launched by Jump Crypto in 2020 as a bridge for transferring tokens between blockchains, primarily focusing on Solana and Ethereum. Co-founded by Saeed Badreg, Anthony Ramirez, and Tony Jin, it has evolved significantly from a simple bridge to a multi-chain messaging protocol. Key milestones include its evolution into a general messaging protocol in 2023, raising $225 million in funding, and separating from Jump Crypto. Wormhole has expanded its services to additional chains like Terra and BNB Smart Chain and formed partnerships with companies such as Google Cloud and AMD to enhance its capabilities.
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Frequently Asked Questions (FAQs)
What is the current price of Wormhole (W)?
The Wormhole price is $0.48326388 AUD, representing a -1.57% from the day prior.
Where is the best place to buy Wormhole (W) in Australia?
The best place to buy Wormhole (W) 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 Wormhole (W) 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 Wormhole (W)?
The trading volume of Wormhole (W) is $184.7M AUD in the last 24hrs, representing a -1.57% from the day prior.
How can I buy Wormhole (W)?
Wormhole (W) 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 Wormhole (W)?
The current market cap of Wormhole (W) is $1.4B AUD.
Can I convert Wormhole (W) to cash?
Yes - With Coinstash you can convert your Wormhole (W) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Wormhole (W) are there?
The current circulating supply of Wormhole (W) is 2.8B.
Is Coinstash a safe place to buy Wormhole (W) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Wormhole (W) 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.