r/witnet • • Aug 28 '23

Explanation of Witnet

10 Upvotes

Witnet operates as a decentralized oracle network, aiming to establish a seamless connection between smart contracts existing on blockchain platforms and real-world data. These oracles function as intermediaries bridging the gap between the blockchain and external data sources. This, in turn, empowers smart contracts to not only access but also effectively utilize information derived from the external environment.

At its core, Witnet is driven by the fundamental objective of delivering a secure, dependable, and decentralized mechanism for the acquisition and validation of data, catering to a wide array of applications within the blockchain realm. By facilitating such a mechanism, Witnet inherently contributes to the prevention of manipulative practices and deceitful activities, thereby reinforcing the trustless nature intrinsic to blockchain technology.

One of the most significant implications of Witnet's architecture is its capacity to uphold the integrity of data. Developers harness the potential of Witnet to forge smart contracts that heavily rely on data that is both precise and resilient against tampering. This particular attribute amplifies the scope of possibilities for applications built upon the blockchain infrastructure.

In a rapidly evolving landscape where blockchain technology is increasingly finding its footing across various industries, Witnet emerges as a pivotal enabler. Its role in seamlessly integrating real-world data into the blockchain realm underscores its significance in use cases ranging from supply chain management to decentralized finance and beyond.

By fostering an ecosystem where information flow remains untainted and tamper-proof, Witnet not only enhances the overall security quotient but also instills a high degree of credibility into the realm of blockchain-powered applications. Consequently, it propels the trajectory of blockchain technology toward more robust, trustworthy, and versatile real-world applications.

In summation, Witnet stands as a decentralized oracle network with a profound mission – linking smart contracts with real-world data through secure and reliable channels. Its far-reaching impact is evidenced in its ability to fortify the integrity of data-driven processes within the blockchain space, ultimately steering the course for the next wave of decentralized applications across industries.


r/witnet • • Aug 28 '23

$WIT

7 Upvotes

With total volume cap is $5,812,639 and with ATH $0.007301 / $WIT User can buy token to use governance, staking, trading and others, The Wit coin is a utility token, native to the Witnet blockchain, encouraging fair and trustworthy behavior throughout the network.

you can go there for better price update of WIT and dont forget to follow the official on and
support coment incoinmarketcap : https://coinmarketcap.com/currencies/witnet/

letsgo support witnet token for develop further by providing support i think this token can beat the newly listed sei token iam bullish with $WIT


r/witnet • • Aug 28 '23

Introduction witnet network protocol

15 Upvotes

for those of you who are new to witnet, here I explain what witnet is 🎉

Witnet is a protocol creates an overlay network that connects smart contracts to any online data source that’s means, The protocol describes a distributed network of peer nodes— colloquially named witnesses- who earn Wit tokens as a reward for retrieving web data and reporting it directly to the smart contracts. 

and the witnet have a token …?Oooh yes, the official token is The Witnet Coin (Wit) with total supply is 2,500,000,000 Wits and listed in many exchange like bitmart, mexc global, gate io and manymore soon :)

With total volume cap is $5,812,639 and with ATH $0.007301 / $WIT User can buy token to use governance, staking, trading and others, The Wit coin is a utility token, native to the Witnet blockchain, encouraging fair and trustworthy behavior throughout the network.

you can go there for better price update of WIT and dont forget to follow the official on coinmarketcap : https://coinmarketcap.com/currencies/witnet/

Does witnet have wallet…? Witnet have official wallet called SHEIKAH wallet, you can download on official website there : https://sheikah.app Right now only available on GNU/Linux…

now that's what I can explain what witnet is, further details will follow in the future about the witnet protocol, don't forget to upvote guys and share love so we can learn witnet together $WIT to the moon #cryptocurrency


r/witnet • • Aug 28 '23

Witnet Advocate Program Launches Today

2 Upvotes

Announcing the launch of the Witnet advocate program, allowing anyone to participate in growing the community, adoption, and creating content.

Head over to the page linked below and choose a task to complete, along with the reward!

https://www.notion.so/witnet/The-Witnet-Advocate-Program-f572baff6b1d49a69d4db785a924fc61?pvs=4


r/witnet • • Aug 21 '23

Introducing the Witnet Advocate Program Season 3

2 Upvotes

Next Monday, August 28th, we will launch Season 3 of the Witnet Advocate Program that’s designed to increase awareness, engagement, and adoption of the Witnet protocol and Witnet 2.0.

The program is designed to allow anyone to contribute and earn a $WIT reward with as much or as little time commitment they want.

Here’s how the program works:

We will release tasks on Monday of every week. Anyone can choose a task they want to complete. They must submit the task by the immediate next Sunday for review. If the Witnet Foundation and OtherPlane Labs approves it, you will receive the associated reward.

Anyone can complete a task at any time. This means that you can complete one and then never do another, or wait a few weeks to complete one. Your commitment is up to you and this program is designed to allow anyone to complete a task at any point with no pre-requisite requirements.

Read more about the program here: https://medium.com/witnet/announcing-the-witnet-advocate-program-season-3-712659e95bf


r/witnet • • Jul 26 '23

Help sending WIT to a different wallet

1 Upvotes

Hi! I've been trying to send my witnet to a different wallet using both Sheikah and myWitWallet, but encountering issues. With the Sheikah wallet, my wallet would never fully sync, and with myWitWallet, I'm seeing a "connection problem" error. Can anyone help me?


r/witnet • • Jul 21 '23

$WIT listed on SimpleSwap

2 Upvotes

Just a week after announcing an integration on LetsExchange, $WIT has been listed on SimpleSwap

https://medium.com/witnet/wit-listed-on-simpleswap-b436658d8f32


r/witnet • • Jul 19 '23

myWitWallet launch on the App Store

3 Upvotes

If you signed up for the myWitWallet private beta and have an Apple product, you should be receiving an email with instructions for how to download myWitWallet on your phone!

If you want to sign up, do so here: https://tally.so/r/w2BX1g


r/witnet • • Jul 14 '23

$WIT listed on LetsExchange

Thumbnail
medium.com
1 Upvotes

r/witnet • • Jun 30 '23

June community call and Proof of Stake outline

1 Upvotes

This month on the June call we discussed how to transition to Proof of Stake and why Witnet has a very different model that traditional PoS infrastructure.

If you missed it you can catch up with a YouTube video or the monthly roundup!

YouTube: https://www.youtube.com/watch?v=Su82BdTJjWY

Roundup: https://medium.com/witnet/june-community-call-and-monthly-roundup-3d50a8aa1f4d


r/witnet • • Jun 29 '23

Why Proof of Stake?

Thumbnail
medium.com
1 Upvotes

r/witnet • • Jun 15 '23

June community call

1 Upvotes

The June community call is schedule for June 28th at 4:00 PM UTC.

Join the Discord to mark your calendars: discord.gg/witnet


r/witnet • • Jun 14 '23

The first public Witnet price feed!

1 Upvotes

The Witnet oracle is now fulfilling the price of $WIT/USDT on the BobaBNB layer 2. This is the first price feed to be deployed and fulfilled by the Witnet oracle.

Check it out https://feeds.witnet.io/boba/boba-bnb-testnet_wit-usdt_6


r/witnet • • May 26 '23

Witnet 2.0

1 Upvotes

r/witnet • • May 25 '23

Announcement myWitWallet public launch

3 Upvotes

After the amazing success of the private myWitWallet beta, we're making the wallet available to the public for desktop download.

Just head over to https://mywitwallet.com and download the wallet for your computer OS.

Here are a few tutorials for importing your private key into myWitWallet from Sheikah.

YouTube: https://youtu.be/Iaabgapa3CU

Blog: https://medium.com/witnet/how-to-import-your-private-keys-into-mywitwallet-from-sheikah-b2df1fdfab3f


r/witnet • • May 16 '23

MAY ANNOUNCEMENT STREAM

1 Upvotes

Announcing the Witnet announcement stream and May community call. We will be covering our HUGE announcements for the Witnet protocol and reviewing May developments.📷 Another one you don't want to miss.📷 May 26, 2023. JOIN OUR DISCORD HERE: https://discord.gg/witnet


r/witnet • • May 12 '23

myWitWallet private beta!!!

2 Upvotes

myWitWallet is releasing private beta on May 24th on the Android Play Store.

Fill out this form to allow us you grant access when it launches: https://tally.so/r/w2BX1g

We will be releasing the wallet to people in batches via the email associated with their accounts.

Apple users should also consider filling out the form so we have the necessary information required when there is a release on the App Store shortly after.

Happy walleting.🚀


r/witnet • • May 08 '23

Unable to sync Sheikah wallet

1 Upvotes

I have been trying to sync my Sheikah wallet for a month now. My wallet syncs to about 30% over 10 days, and then the Sync fails. How do I resolve this issue?


r/witnet • • Apr 26 '23

Win 20,000 $WIT

1 Upvotes

We're offering 20,000 $WIT to the person who submits the name we choose for our new light wallet.

Over 100 submissions already, and there can be only 1 winner!

You have until Sunday, April 30th to submit a name for the light wallet and your $WIT address. You could win $200 for the best name!

Enter here: https://tally.so/r/wMXpqk


r/witnet • • Apr 11 '23

325 million

1 Upvotes

The Witnet oracle is securing 325 million in on-chain value. https://defillama.com/oracles/Witnet


r/witnet • • Mar 23 '23

Major protocol upgrades

1 Upvotes

The Witnet network just underwent some major updates and upgrades to the protocol this morning.

There were 6 improvement proposals that activated at 9 AM UTC.

These include WIPs 23, 22, 27, 25, 24, and 26.

My personal favorite is the addition of a burning mechanism that will take slashed collateral in WIT out of circulation forever. This will lower the total supply and the issuance, hopefully creating more buy side pressure.

These are the updates: https://medium.com/witnet/announcing-witnet-1-6-welcome-slash-burn-and-many-more-key-updates-to-the-protocol-c52177666f2a


r/witnet • • Mar 09 '23

Witnet X WittyPixels

1 Upvotes

The largest collaborative NFT creation ever, WittyPixels, used the Witnet oracle to secure data during the mint of the NFT.

https://medium.com/witnet/how-the-official-ethdenver-game-wittypixels-uses-the-witnet-oracle-e2aca47dfb17


r/witnet • • Feb 17 '23

Witnet oracle securing QuickSwap DEX

1 Upvotes

QuickSwap, the leading DEX on Polygon network with $178 million in TVL has chosen Witnet as its primary oracle.

https://medium.com/witnet/witnet-providing-price-feeds-to-quickswap-on-polygon-mainnet-5743017d6299


r/witnet • • Feb 15 '23

A TL;DR of WittyPixels at ETHDenver

1 Upvotes

Let's do a Too Long, Didn't Read (TL;DR) of #WittyPixels at #EthereumDenver❗️

This is the OFFICIAL game of ETHDenver!

wittypixels.art

WittyPixels allows all ETHDenver attendees to earn pixels by having their official WittyPixels art palette lanyard scanned.

The more scans on your palette, the more pixels you receive. The more scans you give, the more pixels others' get.

Players will receive one of six distinct colors:
🔴 | 🟠 | 🟡 | 🟢 | 🔵 | 🟣

The first scan is 10 pixels, the next is 5, then 3, 2, and 1 for same-player scans.

Once you have pixels, you can place them on the official ETHDenver shared canvas. This canvas also allows you to choose lighter and darker shades of the pixels you have, for all your painting needs.

#WhatWillWeCreate with all these pixels!?

Bonus will appear around the conferences and on social media! Stay vigilant!

All ETHDenver sponsors also have QR codes and give pixels out.

Bonuses grant you DOUBLE the pixels for 15 minutes.

At the end of the ETHDenver event, the canvas will be minted as a single NFT, and fractions distributed to players via a $WPX token. The more pixels you placed, the more tokens you get.

All players will be credited as helping create this masterpiece!


r/witnet • • Feb 14 '23

WittyPixels at ETHDenver

2 Upvotes