CoinwEb Explained
What is Coinweb (CWEB)?
Coinweb stands as a cross-chain computation platform designed to bring practical interoperability to real-world applications. In pursuit of this objective, the project has initiated collaborations with established businesses boasting large customer bases. Coinweb addresses fundamental issues within current blockchain technology through its innovative architecture, which integrates the solution space with underlying blockchains. This unique approach aims to overcome existing bottlenecks and enhance the functionality of decentralized applications (DApps).
Who are the Founders of Coinweb (CWEB):
Toby Gilbert, the founder and CEO of Coinweb, has been a driving force behind the platform’s evolution. In 2018, Gilbert invested in and led the Blockfort and OnRamp teams, subsequently co-founding and leading the Coinweb project.
What is the Seedsale/Volume of Coinweb Token In Circulation:
The total supply of the platform’s native token, CWEB, is currently capped at 7,680,000,000 tokens.
Working Principles of Coinweb (CWEB):
The platform’s distinctive methodology is based on the InChain architecture, as outlined in its whitepaper. InChain enables Coinweb to deploy DApps, offering novel solutions to core challenges in the blockchain space. This architecture not only maximizes blockchain interoperability but also minimizes tradeoffs, empowering Coinweb to amalgamate and extend blockchain capabilities. Developers, in turn, gain the ability to refine and expand existing DApp concepts, fostering significant innovation.
How Secured and protected is Coinweb (CWEB):
Coinweb’s causal consistency model safeguards the protocol against instabilities in connected chains while ensuring uninterrupted application usability. Through parallel processing of transactions and computations, irrespective of shared smart contract triggers, Coinweb prevents a single smart contract from becoming a bottleneck during widespread network use. This approach enables decentralized apps to function seamlessly on a Pareto-optimal combination of chains, allowing for efficient adaptation based on the utility of different chains.
What are the Uses of Coinweb (CWEB) Tokens:
To support DApp development and operational activities on the platform, Coinweb has introduced its native cryptocurrency, the CWEB token. CWEB serves as a multi-utility token, providing users with platform access and acting as the primary fuel for its operations. Beyond these functions, the token serves as a medium for various platform-related activities, including development, marketing, and user engagement.
