Activate "Anti-Whale"
Protecting Miners and Making EBTC a Sustainable System
Last updated
Protecting Miners and Making EBTC a Sustainable System
Last updated
In the EBTC ecosystem, "We believe that every miner – whether a beginner or a veteran – deserves to participate and grow in a fair environment. EBTC is not just a mining ecosystem, but also a community where everyone has the right to be protected and given opportunities. For us, fairness is not just a value, but a sustainable commitment, enabling every miner to go far, contribute and grow with the network". Therefore, an “Anti-Whale” mechanism will be officially activated at Block :
Block Height: #43823920
Timestamp: (Nov-08-2024 07:54:19 AM +UTC)
Transactions: 126 transactions and 22 contract internal transactions in this block.
Validated By: Validator zen
Total Difficulty: 51,070,816
Helping to create a transparent, sustainable mining environment and protect the rights of all those who accompany us.
Since the EBTC smart contract was initiated, Anti-Whale has played an important role in preventing unfair dominance by “whales” – those who own large amounts of assets, which can negatively affect the system. With Anti-Whale, the system can control and limit the power of large accounts, ensuring that no one can manipulate or unbalance the network. This helps protect smaller miners and creates a sustainable mining environment.
Anti-Whaling is a term in the blockchain and cryptocurrency industry that refers to mechanisms and measures to prevent individuals or organizations with large amounts of assets (known as "whales") from dominating, manipulating, or unfairly influencing a blockchain network system or community.
In many blockchain networks, "whales" can have a huge advantage due to their large amount of assets. When an individual or group of people has a large amount of assets, they have the ability to:
Price manipulation: Making large transactions or large volume buy/sell orders can cause abnormal price fluctuations, affecting the value of other investors' assets.
Network control: By holding a majority of mining power or holding a large amount of assets in the system, they can control important decisions, unfairly affecting smaller members of the community.
The main objective of the anti-whaling mechanism in the EBTC ecosystem is to protect and maintain a fair and sustainable mining environment for all validators. EBTC is committed to creating a network where every validator – regardless of whether they have large or small mining power – is protected, ensuring transparency and fairness.
Protecting the interests of small validators: By preventing manipulation from individuals or organizations with large assets, the system ensures that small-scale validators also have the opportunity to contribute and grow with the network.
Preventing the concentration of power: The system limits excessive concentration in a small group, minimizing the risk of 51% attacks, thereby maintaining the integrity and security of the network.
Protecting the System from 51% AttacksOne of the biggest threats in blockchain networks is a 51% attack – when an individual or group of people holds more than 51% of the mining power, they can control and make changes to the blockchain, even reversing transactions that have already taken place. This undermines the integrity and reliability of the system.
With the Anti-Whale mechanism, EBTC has automatically protected itself from this risk by preventing excessive concentration of mining power. Instead of a small group being able to control the entire network, this mechanism allocates resources fairly, providing stability to all validators. This makes the system resistant to 51% attacks, ensuring that every transaction is secure and irreversible.
Maintaining long-term stability: By creating a system that does not depend on a few individuals or organizations, EBTC ensures that the network can operate sustainably, supporting validators in long-term mining without fear of manipulation.
Creating a foundation for fair and sustainable development: The system encourages diverse participation from the community, helping the network develop steadily from the foundation, contributing to building a blockchain ecosystem where all members have equal opportunities and benefits.
Unlike many other projects, we do not prioritize large accounts, but rather build an ecosystem where all miners – even new ones – feel supported and protected. EBTC aims to be fair, sustainable and transparent in all operations. This is not only a step forward in protecting miners, but also helps the system maintain its vitality, longevity and serve all participants.
Anti-Whales is not just a defense mechanism, but a commitment of EBTC to maintain a fair and strong ecosystem. We are proud of a mining system where all participants have equal rights, together building a sustainable future for the entire network.
