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In the context of blockchain, what is the purpose of a “whale”?

Lim How Wei
February 24, 2024

Marina Protocol is a global Web 3.0 tutorial platform with learning materials.

It provides beginners with easy-to-use content and advanced interfaces for activities.

Users can take part in Web 3.0 projects and get rewarded for their experiences.

You can download the app from the Google Play Store and create a new account.

To begin a quiz, open the Marina Protocol app, tap on “Learn & Earn”, and choose the correct answer.

In this guide, you’ll learn the answer to “In the context of blockchain, what is the purpose of a “whale”?” in Marina Protocol.

In the context of blockchain, what is the purpose of a “whale”?

Question: In the context of blockchain, what is the purpose of a “whale”?

Answer: A high-net-worth individual or entity with a significant amount of cryptocurrency.

Further reading

What is the term for the process of creating a new cryptocurrency that shares a portion of its blockchain history with an existing cryptocurrency?

Which blockchain consensus algorithm aims to achieve agreement through a combination of resource ownership, stake, and random selection?

What is the purpose of a “token swap” in the context of blockchain projects?

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About the author

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Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.