Cryptocurrency exchange WhiteBIT has announced the launch of its core blockchain network, WB Network.
WB Network uses the Proof-of-Authority (PoA) consensus algorithm, which allows its stable and secure infrastructure to use only trusted nodes as validators. The main asset of the network is the WhiteBIT Coin (WBT).
Through the WB network, WhiteBIT users can access a number of innovations, including the WB Soul ecosystem, which allows them to anonymously create a digital identity using the ecosystem's attributes and Soulbound tokens, according to the exchange's website.
In addition, all account holders will have the opportunity to participate in the SoulDrop program, where WBT holders can earn rewards.
"The release of WB Network is an important event for the WhiteBIT team and the entire crypto community. Thanks to our own blockchain, we have created a stable infrastructure for new crypto ideas and opened up new opportunities for interactions with decentralized technologies," the exchange said in a statement.
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