Webchain is a CPU mineable cryptocurrency, ASIC-resistant and offering public and traceable transactions. Webchain, as a blockchain, was built to allow developers to create their own DApps through ERC20 and ERC223 secured smart contracts. This coin had no ICO and has gained credibility among community members, it is also available to be mided via websites through CoinIMP.com.
|Hashing algo||CN WChain|
|Block time||120 sec|
|CN WChain||14. Oct 2018|
Consensus Mechanism: Modified CryptoNightV7 egalitarian PoW.
Base Reward: 50 WEB
Era length: 100.000 blocks (~2 weeks)
Block time: 10 seconds
Smart Contract standards: ERC-20, ERC-223
Locked Premine: 350.000.000 WEB (20%)
Max supply: 1.600.000.000 ~ 1.750.000.000 WEB
Why premine? For long-term support of the project. Our share guarantees our active involvement. We also agreed to lock in our premined amount - it will be spendable fully only in 2022.
Webchain is a blockchain that makes the most of the untapped CPU resources of internet-connected devices to secure Smart-Contract-powered DApps. This is done by registering public transactions through an egalitarian Proof-of-Work consensus mechanism based on a modified version of CryptoNight, which uses the community of website users as the low-impact processing grid for applications.
Through Webchain, the use of smart contracts becomes more mainstream, acknowledging the huge benefits that decentralized apps can offer to today’s internet.
When blockchains were first created, no one was able to foresee the monopoly that ASICs would create, or that instead of blockchain technology becoming a way for the masses to be financially independent, it could become a way for the wealthy to accumulate more wealth. There are over 1.5 billion websites delivering millions of services every second; each of them could be helping to secure a future where the internet is decentralized and monopoly-free.
One of the main limitations for any person willing to mine is to own profitable hardware in relation to the current blockchain difficulty, which usually translates to high-end machines (with cutting edge CPU & memory components). Webchain doesn’t require a particularly good hardware in order to mine; as long as the device has a processor, it will make use of a percentage of the idle CPU power and will use it to mine using a script, which is executed asynchronously. This allows users to mine from a good set of devices like desktop computers, smartphones and even those connecting with IoT.
Only public, transparent and trackable transactions, a condition that guarantees a botnet unfriendly network.
Fast transactions with possible off-chain solutions and on-chain scaling via sharding.
Constantly upgraded to remain ASIC resistant.