Webchain is a web-mineable blockchain platform that makes the most of the unused 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 CryptoNight, which uses the community of website users as the low-impact processing grid for applications.
Below are some of the features:
Decentralized and ASIC-Resistant.
Since ASIC operators sell coins to pay for expenses, they also drive coin prices down.
We designed and implemented our own fully customized version of Cryptonight hashing algorithm. To stay ASIC-resistant in future, we will keep updating it regularly.
Very fast transactions
Our on-chain transactions are among the fastest - only 10s. Adding off-chain solutions will make them instant.
Transparent, botnet unfriendly
The transactions made on our blockchain are entirely public, so Webchain won’t be a friendly place for botnet attackers or any sort of illegal activities.
No Initial Coin Offerings:
Since this project is meant to be for everyone – not only for those with deep pockets – we decided not to hold Initial Coin Offerings.
For details on how to get started, please visit the main site.