Witnet Price
WIT
How Much is 1 Witnet (WIT)
Convert WIT to your currency
Last Updated on Dec 24, 2025 10:16 AM
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
- Witnet is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. WIT is just the shorthand symbol used for market and wallet displays.
- You can buy Witnet using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
- 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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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.
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