Take It to the Next Level
WB Network blockchain
An EVM-compatible network aiming to bridge the gap between CEX and WEB3
White Paper
Resources
Vital Components to Explore WB Network
History
Introducing WB Network
The WhiteBIT created WB Network as an integral part of its native token development, WBT. Alongside making blockchain a vital element of the WhiteBIT ecosystem, it has empowered WhiteBIT to implement groundbreaking concepts for bridging CEX solutions and Web3.
Consensus
Backed by Proof-of-Authority (PoA)
Proof-of-Authority (PoA) is a reputation-based consensus algorithm that offers an efficient and practical solution for blockchain networks. PoA uses the value of Identities. It means that transactions and blocks are validated by pre-approved accounts, known as validators. They are pre-selected and entrusted with the responsibility of verifying transactions and adding them to the blockchain. These authorities are typically reputable and known entities, ensuring the network's security and efficiency.
Statistics
23137
Total Number of Accounts
21M
Transactions Number
2548686
Block Height
2s
Block Creation Time
Advantages
Our shared values keep us connected and guide us as one team.
Energy-Efficiency
Since PoA doesn't rely on resource-intensive mining or complex mathematical puzzles, it consumes significantly less energy than consensus mechanisms such as Proof of Work (PoW). The reduced energy consumption makes PoA an environmentally friendly choice, minimizing the environmental impact.
High Transaction Speed
PoA allows faster block confirmation times, enabling higher transaction throughput and improved scalability. It makes it appropriate for applications requiring quick transaction processing and high-performance networks.
Low Transaction Fees
PoA requires minimal computing resources. It does not rely on costly mining operations. Consequently, the transaction fees associated with PoA are typically lower.
Enhanced Security
In PoA, validators are known entities, pre-approved by the network, and often reputable organizations or trusted individuals. This high level of identity verification significantly reduces the risk of Sybil Attacks and other malicious activities.
Governance and Accountability
PoA allows for a structured governance model where the authorities can decide on network upgrades and protocol changes. This centralized approach enhances accountability as the validators have a reputation to uphold, ensuring they act in the network's and its users' best interests.
Transparency
We prioritize transparency in our operations and ensure that the information recorded on the blockchain is visible and accessible. Users can verify transactions and track data, promoting a transparent and auditable environment.
Audit Reports
Security at the Highest Level
WB Network regularly undergoes security audits, receiving excellent ratings from leading cybersecurity companies.
Hacken ReportHacken is a blockchain security auditor born in 2017 with a vision of transforming Web3 into a safer place.
LeastAuthority reportLeast Authority was formed in the U.S. in 2011 to create freedom-compatible technologies. Since then, LeastAuthority has been working on decentralized systems (sometimes referred to as Web3) and began their security auditing work in 2014