Wornhole Wallet FAQ(English)

1.What is WHC？

Wormhole Cash (WHC) is the native token for Wormhole protocol

2.How to obtain WHC？

WHC is generated by the Proof-of-Burn (PoB) mechanism. BCH users can send one or more BCH to address qqqqqqqqqqqqqqqqqqqqqqqqqqqqqu08dsyxz98whc to generate WHC after official launch of Wormhole protocol. If less than one BCH is sent to the address, then no WHC will be generated. This “burn to generate” process is subject to rollback risk of the underlying blockchain. Therefore, WHC can only be generated after 1000 confirmations of the corresponding transaction. 1 BCH can get 100 WHC.

3.What is the role of WHC?？

Wormhole protocol layer has no control of BCH layer when executing smart contract and in this case there is no way to realize transaction. Besides, we need WHC to serve as gas when executing smart contract to prevent abuse of BCH network,so there is Wormhole Cash (WHC)

4.What is the role of the wallet ID？

The Wallet ID is your unique identity that you can use to log in or access your wallet. Please note that the wallet ID is not a blockchain address. Please don't share your wallet ID with others

5.What is ERC-20 token

ERC-20 is the data communication standard or rule of the Ethereum platform,Tokens issued in compliance with these standards or rules are collectively referred to as ERC-20 tokens.

6.What is ERC-721 token

ERC-721 is the data communication standard or rule of the Ethereum platform,Tokens issued in compliance with these standards or rules are collectively referred to as ERC-721 tokens.

7.What is the difference between ERC-20 and ERC-721?

ERC-721, "Non-Fungible Tokens", simply understands that each Token is unique. In other words, each Token of ERC-721 has a unique TokenID number. In addition, ERC-20 is a standard Token interface. The Token of ERC-20 can be subdivided into 10^18 copies indefinitely, while the minimum unit of Token of ERC-721 is 1 and it cannot be divided.

8.How to create a wallet

In the wallet creation page, users can fill in their own available e-mail, set passwords, complete human-machine authentication, click on registration, we will send your wallet ID to the specified mailbox, and then login to the wallet via the wallet ID and the previously set password. Complete wallet creation

9.How to backup your wallet

Click the "wallet option" button in the upper right corner, click "backup" in the pop-up options, fill in the wallet ID and password in the pop-up box, click verification, verify that the backup file of the wallet will be automatically backed up to the specified directory, then you can complete Wallet backup

10.How to import your wallet

Click the "wallet option" button in the upper right corner, click "Import" in the pop-up options, click the "+" on the right in the pop-up box, select the wallet backup file upload from the user's wallet backup path, click “OK” to complete the wallet import

11.How to issue your own ERC-20 token use the Wormhole wallet

Click "My Address" and then expand the secondary menu, click "Asset", click "Create Assets" in the upper right corner of the asset page, and then select a class of assets suitable for your needs in the menu, fill in the Create Asset page. To issue the Token's various parameters, you can issue your own ERC-20 token. It is worth noting here that when you create an asset, you need to spend WHC.