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Wormhole (W) is a groundbreaking protocol that facilitates communication and collaboration between different blockchain networks. W is the main network asset of the Wormhole network. In this guide, you can find answers to many questions such as what is Wormhole listed on Binance, what is the W coin, and where to buy W coin.
What is Wormhole?
Wormhole is a protocol designed to bridge the gap between different blockchain ecosystems and enable seamless communication between them. The protocol removes barriers and promotes collaboration, allowing developers and users to benefit from the unique features and advantages of various blockchains.
The architecture of Wormhole consists of both on-chain and off-chain components. On-chain components include the Wormhole Core Contract, Emitters, and Transaction Logs, while off-chain components consist of the Guardian Network, Verifiable Action Approvals (VAAs), and Relayers. These components work together to facilitate cross-chain communication and message transfer.
Developers can transfer messages with Wormhole using two main methods: automatic and custom transfer. The automatic transfer supported for EVM environments does not require off-chain code and is ideal for simple cross-chain applications. Custom transfer offers more customization options, allowing developers to tailor the transfer process to their specific needs.
Wormhole offers a wide range of utilities for developers and users, unlocking new possibilities in the decentralized world. One such utility is the Cross-Chain Exchange, enabled by Wormhole Connect, which allows developers to create exchanges that accept deposits from any Wormhole-connected blockchain, increasing liquidity accessibility. Additionally, Wormhole facilitates Cross-Chain Governance, enabling groups spanning multiple blockchains to effectively conduct unified voting on proposals.
Furthermore, Wormhole enables Cross-Chain Games, a revolutionary concept in the gaming industry, by allowing players to earn rewards as NFTs on different blockchains while playing games on high-performance blockchain networks like Solana (SOL).
Where to Buy W Coin?
W coin can be securely bought and sold from Binance, the world’s largest cryptocurrency exchange by trading volume. W coin was listed on Binance on April 3, 2024, and is available for trading with the pairs W/BTC, W/USDT, W/FDUSD, and W/TRY.
To purchase W coin, one must first register with Binance if not already a member. After completing the registration, cryptocurrency or fiat currency such as Turkish Lira should be transferred to the account wallet on Binance. Once the transfer is complete, W coin can be purchased from any of the above trading pairs.
To make a purchase with the W/USDT trading pair, first navigate to the interface of this trading pair. Enter the desired amount to purchase in the specified field on the limit tab of the trading pair interface. After entering the amount, the purchase is completed with the W Buy order.
