I. What is Coinweb?
Coinweb.io is a multi-chain (multi-chain) platform that provides computational features to solve critical problems of distributed ledger technology. The platform offers a decentralized payment method designed to rebuild the traditional payment system on blockchain. The team of Coinweb including members with impressive backgrounds, along with the project's advisory board are also experienced members in many fields such as: blockchain, business and traditional technology.
Coinweb is currently working on consolidating blockchains, bridging the gap between solutions, and integrating new technical advancements into the space. This is a safe, fast, reliable solution that can solve the biggest problems facing blockchain today; and all run on Coinweb's Inchain architecture.
Industries Coinweb (CWEB) is supporting and planning to participate in in the future include e-commerce, supply chain, data protection, transportation, healthcare and many more traditional areas to ensure ensure that the platform can provide true interoperability for conventional businesses around the world.
Coinweb is currently driving mass adoption of blockchain technology and scaling. The key to scaling is making it easier for users to use apps. With Coinweb, you will be able to use different blockchains at the same time, as if they were the same blockchain.
II. How does Coinweb (CWEB) work?
Coinweb (CWEB) works on a mission to find the key problems in blockchain technology and solve them. Key issues include security issues in decentralized applications, limitations of smart contracts, lack of programming languages, and difficulties that arise when accessing and consolidating blockchain data.
The InChain architecture is the fundamental building block of Coinweb's unique approach. Coinweb dApps can come up with innovative solutions to fundamental problems. Thanks to the InChain design and with the InChain architecture, users can take full advantage of blockchain's interoperability while making fewer compromises.
The InChain architecture proves the state of a blockchain and this has major ramifications for the Coinweb platform and decentralized applications (dApps). It is possible to maintain the properties of the underlying chains while greatly increasing the efficiency and utility of the underlying chains dApp using this new technique.
Compare with other blockchains
The Coinweb Platform (CWEB) stands out the most when compared to leading blockchains in terms of interoperability, execution model, security, and key features that any blockchain has.
When compared to blockchains like Bitcoin, Ethereum, Quant Network, Polygon, Polkadot and many other blockchains, these are advantages that Coinweb offers its users that most of the trusted blockchains out there do not offer.
- Data redundancy in core chains is quite high. The computed state may contain fewer features, but it can be reconstructed algorithmically in the event of data loss.
- The Coinweb platform plans to solve common blockchain problems by providing a unique combination of blockchains, indexing data with high security, providing a uniform implementation across all blockchains. blockchains, etc.
- Data input can be done both on-chain and off-chain. Overledger Maps are centralized applications that operate on multiple chains.
- Coinweb ubiquity, also known as interoperability, allows decentralized applications to combine diverse features from several blockchains under a single consensus.
- Coinweb minimizes the risk of the platform dApp by providing an abstraction layer to avoid the need to hard-code dApps with certain low-level protocols. DApp allowing bandwidth and usefulness to be scaled horizontally across existing and new blockchains.
- Parallel execution allows computers to scale across multiple chains. Avoiding gas fee congestion greatly reduces the risk of the platform. It also makes it possible to create more powerful dApps with high computational demands.
- The Coinweb protocol allows decentralized applications to integrate the information, functionality, and features of multiple proprietary blockchains into one high-capacity computing framework, allowing dApps to significantly expand their solution space.
- Unit relay chain unknown and determined by separate consensus and based on timestamps and latency graphs of the underlying consensus.
- There is no ordering between blockchains, which means a single chain associated with a subgraph.
- The cross-chain is not visible in this subgraph and can be seen by The Graph customers.
III. Unique Features of Coinweb (CWEB)
Coinweb Digital Wallet
Coinweb digital wallet allows users to buy tokens through Visa, Mastercard, Swift and other payment gateways. Users can design and issue their own tokens on Coinweb's digital wallet.
They can communicate using secure encryption and make full use of a cross-chain naming system that makes it easy to transfer digital assets on a blockchain network.
Highly secure interoperability
The intrinsic consistency model employed by Coinweb protects the protocol against instability in linked chains while still allowing for full application usability.
For even experimental or unstable chains, this reduces the cost of blockchain interaction; lower the starting threshold for new chains, allowing for more blockchain technology innovation.
Low Fee and High Performance DApps
Coinweb allows dApps to work indefinitely on a Pareto-optimal chaining combination. If a chain becomes increasingly less valuable or a better chain becomes available, the dApp will be able to quickly migrate functionality to a better base chain.
If one chain is too slow or expensive, dApps can easily switch to another. dApps can be launched on multiple threads within the same framework. By adding chains, dApps can extend their functionality or switch to a new chain with different properties and capabilities.
The demand for low-cost, high-performance decentralized computing is growing rapidly. Coinweb's low-fee dApps are crucial to mainstream adoption. They become hubs for cryptographic innovation, competing computational resources and the ability to execute system languages like C or Rust will make it easier to integrate experimental concepts like zk-SNARK. In addition, low-fee dApps will allow for more distribution of existing centralized infrastructure.
Smart contract with high capacity
Even when triggered by the same smart contract, every transaction and computation in Coinweb executes concurrently. This implies that even if a single smart contract is used by the entire network at the same time, it will not cause congestion.
Increased usage of one dApp does not affect the performance of other dApps. It improves the predictability of dApp performance. For most carriers, this is a required feature.
Cross-chain token issuance and DeFi protocols
To build and popularize a more multi-chain dApp, issuing a cross-chain token is an essential task. It ensures tokens are blockchain-neutral and can be easily moved across networks. The tokens are independent of the blockchain and allow for seamless project movement from one chain to another.
It is necessary to issue a cross-chain token to take full advantage of blockchain interoperability and it also enables much needed features like fundraising, KNIFE and multi-chain dividend tokens. Moreover, it allows multiple chains to be combined into a single dApp, etc. With the ability to develop truly cross-chain dApps, the Coinweb protocol provides solutions to solve current challenges while paving the way. for protocols DeFi more complicated in the future.
Coinweb (CWEB) tokenomics
The maximum total token supply and total CWEB tokens are 7,680,000,000. CWEB tokens are allocated as follows:
– Mining Reserve – 21,90%: 1,680,000,000 tokens
– Strategic Partner – 5,40%: 416,986,502 tokens
– Project reserve – 38,40%: 2,946,085,170 tokens
– Strategy Round – 5,30%: 410,256,412 tokens
– Private round – 7,00%: 538,461,538 tokens
– Public sale – 0.30%: 23,076,923 tokens
– Founder – 13,50%: 1,039,808,693 tokens
– Team + advisory board – 4,50%: 343,204,805 tokens
– Seed Round – 3,70%: 282,119,956 tokens
IV. What is Coinweb doing?
Coinweb now enables mainstream adoption of blockchain technology. The project has developed a cross-chain computing platform, an infrastructure layer that connects chains, towards the optimal use of blockchain.
Coinweb incorporates solutions developed on the platform to pick and select functionality from the respective blockchains through cross-chain computation. This includes the establishment and execution of cross-chain compatible smart contracts and anti-future dApps by connecting the latest blockchains on the market.
Blockchain is seeing more and more adoption from experimentation and production as governments and businesses finally realize the essence of smart contracts, distributed ledgers, and the broader technology.
In the future, when the world's information infrastructure is decentralized, the number of events recorded on blockchains will increase to millions and billions per second. We can expect explosive growth in current use cases like payments DeFi and blockchain, however the number of events generated from these applications will be narrowed down by blockchain recorded data from millions of IoT devices, micro sensors, global scale supermarkets, etc. which system depends on a single blockchain to store or forward certain amount of information Only a system that can combine all blockchains and scale horizontally without limits can create this infrastructure.
As interest from businesses and governments grows, so does the need for enterprise-grade solutions that combine interoperability, scalability, reliability, and smart contract security. Up to now, Coinweb has attracted a wide range of global projects ready to build on the Coinweb platform.
Last year, two Coinweb DeFi projects, with over 130,000 users, sold over 116 million $ stable tokens issued on the Coinweb platform. Coinweb is writing out an average of 7,000 transactions per day, which you can view in the explorer on their website.
The list of famous families and blockchain projects entrusted to Coinweb will be announced soon. One of the world's leading automakers looking to leverage keychain technology, two major global real estate companies are also now looking to tokenize their real estate supply, world famous artists are looking to do NFT's cross-chain and more. Coinweb is also in talks with some of the top 50 projects in the world to help improve interoperability.
V. Project team
3 main members of Coinweb team (CWEB):
Toby Gilbert – CEO
Toby attended UCL and currently, he is still focused on the telecommunications technology space. With a proven track record of setting up new startups, including investing in and leaving a telecommunications company with operations in Europe, Africa and Asia, Toby has invested time and devoted himself to the Coinweb project in 2018 and became the co-founder and leader of the Blockfort and OnRamp DeFi projects since 2019.
Knut Arne Vinger – CTO
Knut is a technology pioneer and early adopter of digital currency and payment systems. His thesis on evolutionary hardware was published by NASA and the US Department of Defense. Knut developed one of the first online mobile slots and has worked extensively in the telecommunications sector as the CTO of Nouvel Air Group Inc. In addition, he is also the founder and architect of the Blockfort and OnRamp platforms.
Alexander Kjeldaas – Principal Architect
Alexander is an experienced technical architect with a particular focus on Artificial Intelligence, blockchain and security. Graduated from the Norwegian University of Science and Technology with a Master of Science in General Science, he has held senior positions at Google and FAST for 7 years. Alexander is also the founder of astor.ai and Formal Privacy, which develops a secure cloud computing system using blockchain security proofs, and is also the founder of Guardian Networks. Furthermore, Alexander contributed to the blockchain Bitcoin in the field of security and was the first developer to implement cryptographic APIs in the Linux kernel.
BECAUSE. Partners, investors
The list of investors in the project includes: Kucoin Labs, Gate.io labs, Shima Capital, Vespertine Capital, Magnus Capital, Panda Capital, Morningstar Ventures…
VII. Development roadmap
Coinweb (CWEB) completed its Seed round, built its digital wallet on both Android and iOS operating systems, launched Blockfort and OnRamp wallets, launched CWEB tokens, etc. Some features are planned to be completed development in 2022 and in the future including mainnet launch as a community incentive system, liquidity pools, smart contract framework, etc. For more details on project development roadmap, please see more official whitepaper here.
In short, with the ability to link blockchains with professionals and businesses around the world, Coinweb has the potential to provide tremendous value to the user community. Above are the things you need to know about the Coinweb project. To learn more about the project, please browse through the pages below: