Getting Started
What is Whitechain?
Whitechain is an EVM-compatible layer 1 blockchain platform built on top of the go-ethereum (go-eth) protocol and integrated into the WhiteBIT ecosystem. Built on the most widely used smart contracts standard, Whitechain also introduces several technical innovations to meet developers' demands and address the blockchain trilemma. For developers working with Whitechain, a crucial technical detail to note is the platform's 2-second block time. This feature directly leads to faster transaction processing and quicker block generation. The immediate benefit for developers is the ability to build applications that provide quick transaction confirmations, improving the end-user experience. Whitechain's transaction fees are as low as $0.001, significantly benefiting developers. This cost-efficiency supports high-volume transaction applications, including those based on microtransactions, by making previously impractical economic models viable. It also broadens potential user bases, particularly in cost-sensitive regions, facilitating diverse application development whether in DeFi, GameFi, SocialFi, SportsFi, NFTs etc. Another addition is the custom consensus algorithm. This algorithm, based on Proof of Authority (PoA), has been developed to better fit the network's specific needs. This combination of fast block times and low transaction costs supports high transaction throughput and makes our platform economically viable for developers and businesses. Transaction fees are paid in $WBT (WhiteBIT Coin), the native digital asset of Whitechain with several utilities across the WhiteBIT ecosystem.
Why Build on Whitechain?
Key reasons for web3 builders to consider:
Integration with the WhiteBIT ecosystem and exposure to over 4 million users worldwide;
Full EVM compatibility - allowing for the execution of smart contracts in Solidity and the use of all EVM tools out-of-the-box;
Fast transaction execution: blocks are created every 2 seconds;
Low fees and stable gas price of 10 gwei in WBT (WhiteBIT Coin);
Whitechain Foundation offers Grants Program, marketing and technical support for developers building on it's platform (see link below).
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