A Testnet of Its Own Blockchain Launched by WhiteBIT Crypto Exchange

WhiteBIT, one of Ukraine’s biggest centralized cryptocurrency exchanges, has launched a test network of its blockchain to ensure reliability, speed, low fees and security in a real-time environment. The testnet will turn the exchange’s asset, WhiteBIT Token (WBT), into a coin and be operated on the Proof-of-Authority consensus mechanism. The network’s predicted interval between blocks, reliability and Transactions Per Second make it a good performance indicator, with max TPS at 153.5. The exchange’s asset, the WBT token, can also be used on the network. The test WBTs can be claimed using a wallet address provided by Metamask.

WhiteBIT has also recently partnered with Checkout Visa and the cryptocurrency tax calculator service Koinly. Checkout Visa is one of the largest fintech companies that provides payment processing services across various currencies. The exchange has expanded the Checkout Mastercard withdrawal method for several currencies.

Koinly allows users to import transactions, match transfers between wallets and generate tax reports. Users can easily calculate their capital gains by exchanging via API or CSV files, and then download a complete Tax Report. Currently, WhiteBIT offers over 350 trading pairs, 270 assets and 10 national currencies, and has more than $2.5 billion in average daily trading volume.

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto.

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