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WhiteBit Launches WB Network Blockchain to Promote Adoption of Blockchain Technologies

European centralized cryptocurrency exchange, WhiteBit, has launched its own blockchain, the WB Network, to promote the adoption of blockchain technologies. The network operates on the Proof-of-Authority consensus algorithm and uses the WhiteBit Coin as its underlying blockchain coin. It provides users with a transparent, user-owned infrastructure for faster cryptocurrency transactions and reduced user fees.

With over 1,000 specialists, WhiteBit offers more than 350 trading pairs, 270 assets, and support for 10 state currencies, and its average daily trading volume exceeds $2.5 billion. The launch of WB Network is expected to encourage new blockchain ideas and serve as a platform for technological innovation.

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