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Sifchain is a blockchain protocol that was developed to allow any digital asset to be transferred between any other blockchain ecosystem. Interoperability is a problem faced by both individuals and businesses within the cryptocurrency industry and is a problem Sifchain hopes to solve. The interoperable functionality offered by Sifchain is facilitated by proprietary bridging technology known as “Peggy” and Sifchain’s native decentralised exchange, known as SifDEX.
According to the project’s documentation, Sifchain was developed using the Cosmos software development kit (SDK), and, therefore, inherited the cross-chain functionality of the Cosmos ecosystem. In addition to Cosmos interoperability, Sifchain also facilitates a connection between the Ethereum and Cosmos ecosystems. Thanks to Peggy, digital assets can be transferred from Ethereum to Sifchain, and then from Sifchain to any blockchain within the Cosmos network. It is hoped that up to 25 different blockchains will be connected to Sifchain infrastructure in the future including Avalanche and Polygon.
ROWAN is the native utility token of Sifchain. The token is the universal liquidity token for all pairings within the SifDEX, it is required for all transactions that take place, and it is required by all those that wish to establish a node within the blockchain. All ROWAN token holders can also vote and contribute to the Sif decentralised autonomous organisation (DAO). While ROWAN is native to Sifchain, eROWAN is the Ethereum blockchain equivalent.
Sifchain (EROWAN) is the 409th largest cryptocurrency in the world by market cap, valued at $56,617,474. The current price of Sifchain is $0.0582049338, which is -8.115% lower than yesterday. Prices have ranged between $0.0633456746 and $0.0568597678 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.
| Coin symbol | EROWAN |
|---|---|
| Coin Marketcap | AUD$56,617,474 |
| Total EROWAN supply | 1,840,719,725 |
| Circulating EROWAN | 1,378,077,074 |
| Current price | AUD$0.0582049338 |
| All time high | AUD$2.84 |
| All time high date | March 17, 2021 |
Historical prices compared with the price of $0.0582049338.
| 1 hour | -0.52% |
|---|---|
| 24 hours | -8.12% |
| 7 days | -41.77% |
| 14 days | -76.02% |
| 30 days | -57.37% |
|---|---|
| 60 days | -56.50% |
| 200 days | -89.81% |
| 1 year | -91.93% |
Disclaimer: Cryptocurrencies, including Sifchain, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of EROWAN is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Sifchain or any other cryptocurrency discussed.
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