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In August 2022, WhiteBIT launched its asset, the WhiteBIT Token (WBT). Now, the company has taken another critical step in its development by launching a test network of its blockchain.

This is an essential step before introducing it to the main network, which will allow the exchange to improve its product and ensure reliability, speed, and low fees to users in a secure environment.

Testnet is a test network that allows testing the blockchains functionality and capabilities in real-time but without tangible digital assets. Its network will make WBT an independent entity, turning it from a token into a coin.

The blockchain is built based on Geth (Go-Ethereum) to ensure compatibility with contracts and solutions of the Ethereum ecosystem.

The WB Network operates on the Proof-of-Authority (PoA) consensus mechanism. In simple terms, this is an algorithm in which trusted and known members of the network, rather than miners as in Proof-of-Work (PoW) or stakers as in Proof-of-Stake (PoS), are used to generate new blocks and confirm transactions.

In addition to low transaction fees, it should also be noted:

According to WB Network Explorer, the max networks TPS is 153.5, which is a reasonably good performance indicator. The average transaction fee is 0.00002566 WBT equal to 0.00012317 USDT*.

*based on the WBT price as of 12.4.2023

You can already join the network using Metamask and receive test WBTs. Go to the Faucet | page WB Explorer, insert the wallet address in the following field, confirm the operation, and click Claim. To test the network, you can send assets from one account to another.

In addition, you can also deploy your own smart contract using the Remix tool. You can find more details on how to do this in the documentation.

The exchange also recently expanded the Checkout Mastercard withdrawal method for Checkout Visa/Mastercard for BGN, CZK, EUR, PLN, and USD currencies.

Checkout.com is one of the largest fintech companies that provides payment processing services for other companies. The platform combines digital payments, analytics, and a system for monitoring fraudulent transactions. So, using Checkout Visa is a safe and secure way to receive payments.

Moreover, WhiteBIT has partnered with the cryptocurrency tax calculator service Koinly. It allows importing transactions, matching transfers between wallets, generating tax reports, and more. You can easily calculate your capital gains and income by connecting your crypto wallet and exchanging via API or CSV files. Then youll be able to download a complete Tax Report. For more details, visit the WhiteBIT blog.

WhiteBIT is one of the biggest centralized cryptocurrency exchanges from Ukraine, founded in 2018. Today, the company counts over 700 specialists. The exchange offers 350+ trading pairs, 270+ assets, and 10+ national currencies. The highest average daily trading volume is more than $2.5 billion.

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content.

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WhiteBIT Has Launched a Testnet of Its Own Blockchain - BeInCrypto

Cross-chain messaging and native interoperability are key to unlocking the full potential of a multi-chain future, and our accelerator program is a major step towards helping developers define that future

MIAMI (PRWEB) April 13, 2023

Moonbeam, the top destination for multi-chain applications on Polkadot, is excited to announce the debut cohort of Web3 startups in the Moonbeam Accelerator program operated by Rokk3r. Designed to support early-stage and growth-stage startups, this program offers top-notch support for teams currently building on Moonbeam's smart contract platform or those looking to get started and bring their innovative ideas to life on Moonbeam.

The Moonbeam Accelerator is supported by leading Web3 venture capital firms Arrington Capital, Borderless Capital, and Paka, all of whom are committed to helping drive support and adoption for innovative cross-chain projects.

"Theres a fresh wave of energy within the multi-chain space, catalyzing a trend that is pushing the industry toward true interoperability and making blockchain accessible to a mass audience, said Michael Arrington, Co-Founder at Arrington Capital. It is important for us to back the early innovators when it comes to this area and we are excited to support Moonbeams vision of enabling seamless cross-chain integration for startups. I look forward to seeing the teams in this cohort accelerate their progress.

The accelerators goal is to foster and reinforce core skills in areas such as technology stacks, business, marketing, financials, and fundraising. By providing access to an extensive network of industry experts, resources, and tools, the Moonbeam Foundation and its VC partners aim to accelerate the growth of innovative projects and companies in Web3. The accelerator is organized and led by Rokk3r, a strategic holding company that partners with entrepreneurs, corporations, and investors to build and scale their business models, which enables cohort teams access to live mentorship and an unmatched library of content and tools.

Bootcamps, pitching sessions, and live and pre-recorded technical sessions all round out the benefits that startups will receive when accepted into the Moonbeam accelerator program. This all leads up to Demo Day later this year, when selected teams will pitch investors, aiming to raise additional capital for their projects.

Cross-chain messaging and native interoperability are key to unlocking the full potential of a multi-chain future, and our accelerator program is a major step towards helping developers define that future," shared Derek Yoo, CEO of PureStake and co-founder of the Moonbeam Network. We invite all startups and teams to apply and join us in building a more connected and inclusive blockchain ecosystem.

The projects selected as the initial cohort span DeFi, gaming, infrastructure, and user acquisition tooling:

For more information about the Moonbeam accelerator program and how to apply for future cohorts, please visit https://moonbeamaccelerator.com/

For media inquiries, please contact Jonathan Duran at (310) 260-7901 or Jonathan(at)Melrosepr(dot)com

About Moonbeam

Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves todays fragmented user experience unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeams developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.

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Arrington Capital and Borderless Capital Double Down on ... - PR Web

Blockchain is the latest tech advancement that ensures increased security and transparency. Since it was first developed in 2008, this technology has attracted the interest of many. Due to its unique characteristics, blockchain brings a lot of opportunities in many industries, including finance and medicine.

Regardless of its application, this technology changes how processes work. The software development industry can also benefit from using blockchain, and thats because of its potential to ensure the accuracy and consistency of the data.

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Blockchain is the invention of an individual or a group of individuals known as Satoshi Nakamoto. Created in 2008, this technology was first associated with Bitcoin, a decentralized digital currency based on the PoW consensus mechanism.

Without blockchain, cryptocurrencies would not exist today. For the first time in history, people can use digital money without relying on an intermediary, and that's only possible due to the blockchain.

Since the database is reliable, popular companies have implemented this technology to boost their operations. For instance, Walmart uses blockchain to help clients trace the products' origins before purchasing them online.

Similarly, Microsoft enabled the development of dApps on its blockchain platform Azure Blockchain Service to issue invoices faster and securely and track food safety. With blockchain, companies can save time and money spent on processes.

Crypto is the first thing that comes to mind when hearing about blockchain. After all, this technology powers popular cryptocurrencies like Bitcoin and Ethereum, making digital transactions possible and efficient. Over the years, digital assets have become increasingly popular, appealing to investors who seek to maximize their profits.

Some even believe crypto is the future of finance. However, the industry was never consistent, and cryptocurrencies have experienced fluctuations in price over the years. Hence, it's imperative to be realistic when joining the crypto space and be prepared for what it involves.

Choosing a reliable cryptocurrency is essential, as it can impact the entire investing experience. For instance, crypto enthusiasts prefer to buy ethereum instead of other currencies due to its outstanding features and high performance over the years.

While blockchain enables cryptocurrencies, the technology has applications in other industries, too, such as:

Companies adopt blockchain because of its ability to decrease costs and automate tasks, thus saving precious time that can be used to develop ideas that can drive growth. Here are other advantages blockchain brings to businesses:

Software development involves computer science activities where developers create, design and deploy software. Since the process is complex, it's imperative to look for ways to increase efficiency. That can be achieved by using different technologies, such as:

Blockchain can boost the software development sector due to its security and immutability. Developers can create blockchain-based applications without relying on a bank or a financial institution.

Plus, the technology also eliminates worries about falling victim to hacking and theft. Let's further discuss what blockchain can do for the software development sector.

In a software development project, security is of the utmost importance. Fortunately, blockchain can guarantee it through the immutability and decentralization of data. This means it's impossible to manipulate the data, unlike traditional applications where a user can access all data.

Any hacking attempt is easily recognized, as all the transactions are recorded on the blockchain, and if anyone tries to modify them later, the network owners will notice immediately.

Software developers also deal with data integrity challenges. Apps are created daily, and it can be tricky to ensure they won't get compromised because of data integrity. Blockchain brings a solution to this problem because it offers transparency.

For instance, through smart contracts, developers can write code that can't be modified after being deployed on the blockchain, thus ensuring everyone has access to reliable information about what is happening during the entire process.

This transparency creates trust among teams in the software development sector. Since everyone is aware of the latest updates, there's no room for disputes and misunderstandings.

Society is moving at a fast pace nowadays, and businesses in the software development sector struggle to keep up with the market demands. That's because it takes significant time to launch the product after the concept has been developed.

But blockchain speeds up time-to-market, making processes like digital payments less complex. Due to blockchain's decentralized feature, a team can develop an app independently from another, regardless of location.

This means developers aren't limited in what they can create through blockchain technology. They don't need consensus from everyone involved in the app development process which is different from developing a traditional app.

Using blockchain also allows software developers to create more resilient applications that can recover more rapidly from disruption. Traditional applications can break down due to poor internet connection or failure in a database server. However, blockchain creates a more robust network infrastructure because, unlike servers, it relies on several copies of data stored in the nodes.

The adoption of blockchain in software development results in faster turnaround times for critical projects because the paperwork used is reduced.

Most business practices are susceptible to errors, but blockchain automates processes like content creation through smart contracts, thus making them more straightforward. Automation boosts the quality of software developers' services, which can help companies in the industry thrive.

Blockchain technology has led to new opportunities in the market, allowing more talented developers to compete with reputable companies.

This is possible because blockchain-based applications are developed on open-source platforms. Hence, it's easier for those with adequate knowledge to build a software product. Even startups can create something impressive, even if they lack resources or capital.

Blockchain has revolutionized many industries, and adopting it in software development can enhance product data quality, speed up delivery, and more.

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Understanding The Use Of Blockchain In Software Development - ValueWalk

In several days, the Cardano price has been able to grow significantly again. Overall, network sentiment has improved following the first quarter of 2023 increases. The ADA price has witnessed significant growth, particularly at the start of the year. Furthermore, a large number of whales are presently investing in Cardano. Can the Ethereum killer get new traction in the approaching bull market?

Ethereum Killer: ADA/USD Weekly chart showing the price GoCharting

In the first quarter of 2023, the Cardano (ADA) price rebounded. The price of the ADA token plummeted dramatically in the fourth quarter of 2022. The rate was barely $0.24 by the end of 2022. Cardanos price was able to jump to $0.39 in January.

Cardanos price has returned to $0.30 after dipping in late February and early March. However, in the previous two to three weeks, the Cardano price has been able to stably grow again, reaching above $0.40 in recent days.

Last years steep losses were caused by more than just the bear market. Investors have been disappointed more than usual in recent months due to a paucity of applications in the field of decentralized financial services (DeFi). The Cardano blockchains Total Locked Value (TLV) has not risen as rapidly as planned.

Cardano may not become a viable alternative to Ethereum due to a lack of applications. Furthermore, many criticize Cardanos cautious development, which does not provide unexpected advances as rapidly as planned.

Cardano was widely regarded as the most well-known Ethereum killer for a long time. The Cardano blockchains advantages over theEthereum blockchainshould guarantee that the network becomes the more appealing foundation for decentralized apps. However, Cardano has not always followed this path.

Cardano may develop a large number of applications as a result of the bull market that may occur following Bitcoins halving in 2024. Numerous whales, including the well-known Grayscale fund, are similarly bullish on the future and have lately increased their holdings of the ADA coin.

Cardano, also known as ADA, has been dubbed by some as the Ethereum Killer due to its potential to rival Ethereums dominance in the smart contract and decentralized applications (dApps) space. While Cardano has not yet achieved the same level of success as Ethereum, it has been making significant strides in recent years and has been gaining momentum in the cryptocurrency market.

One of the key factors that could lead to Cardanos success in the next bull market is its unique approach to blockchain technology. Cardano uses a proof-of-stake (PoS) algorithm, which is considered to be more energy-efficient and scalable. This means that Cardano can process more transactions per second and can handle a larger volume of users compared to Ethereum, which has been struggling with scalability issues.

Another advantage that Cardano has over Ethereum is its focus on academic research and peer review. Cardanos development is led by IOHK, a blockchain research and development company that is comprised of a team of scientists and engineers with a strong academic background. This academic approach has led to a more rigorous and systematic development process, which has resulted in a more stable and secure blockchain.

Furthermore, Cardano has been making significant progress in its development roadmap. The project is currently in the Goguen phase, which focuses on the development of smart contracts and dApps. This phase includes the launch of the Plutus programming language and the Marlowe financial modeling language, which will allow developers to create complex smart contracts and dApps on the Cardano blockchain.

In addition to these technical advantages, Cardano has also been gaining traction in the cryptocurrency market. The project has a strong community of supporters, and its market capitalization has been steadily increasing. As of April 2023, Cardano is the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ethereum.

Of course, there are still challenges that Cardano will need to overcome in order to become a true Ethereum Killer. Ethereum has a significant head start in terms of adoption and ecosystem development, and it remains to be seen whether Cardano can catch up. In addition, there are other competitors in the smart contract and dApp space, such as Solana, Binance Smart Chain, and Polkadot, that are also vying for market share.

There are currently many good exchanges that offer to trade and hold ADA. Heres a list of known exchanges that are currently in good standing:

On the other hand, it is always safer to hold your own coins in your own offline wallet. We suggest using aLedgeror aTrezorwallet.

While there is no guarantee that Cardano will become the Ethereum Killer in the next bull market, the project has several advantages that could make it a serious contender. Its focus on academic research, PoS consensus algorithm, and development roadmap all bode well for its prospects. Ultimately, the success of Cardano will depend on its ability to attract developers and users to its platform and to build a thriving ecosystem of dApps and services.

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Cardano's Comeback: Is the Ethereum Killer Ready to Dominate the ... - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News

EOS price has done well in the past few days as investors wait for the upcoming launch of its Ethereum Virtual Machine (EVM) version. The coins price jumped to a high of $1.2738, the highest level since March 4 of this year. In all, the coin has jumped by over 30% from the lowest level in March.

There are three main reasons why EOS has jumped sharply in the past few weeks. First, as I wrote here, EOS announced that it will launch its EVM soon. An EVM is the computation engine for Ethereums network. In simple terms, it is the software that enables smart contracts functionality in Ethereum. As such, it enables interoperability in the ecosystem.

In a statement, the developers said that the EVM was around the corner after they launched the final testnet before the beta. The mainnet beta will be launched on Friday of this week.

As part of this rollout, the developers updated the tokenomics of the platform. Some of the top aspects of EVM tokenomics are that it will have increased utility through the use of EOS as the native token.

Further, there will be a trustless bridge that will allow EOS to be seamlessly transferred from EOS native to EOS EVM. Also, there is an upcoming burn mechanism that will burn all profits collected from running the RPC endpoints.

Read more: How to buy EOS.

Second, like other cryptocurrencies, EOS price has jumped because of the strong performance of Bitcoin and their cryptocurrencies. BTC price has held quite well above $30,000 while Ethereum moved above the resistance point at $2,0000 on Thursday. In most periods, these coins tends to have a close correlation with each other.

Finally, this rally is also because of the view among traders that the Federal Reserve will start going slow on rate hikes after its minutes warned of a recession. Data published also showed that the countrys inflation was falling.

The 4H chart shows that the EOS price has been in a strong bullish trend in the past few days. It managed to move above the important resistance level at $1.2532, the highest point this month. The coin has also moved above the 25-day and 50-day moving averages.

Therefore, EOS will likely continue rising as buyers target the important resistance at $1.3414, the highest point in March. This price is about 7% above the current level.

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EOS Price Prediction Ahead of the EVM Beta Launch - BanklessTimes