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Information

Data from
Issue Time
1970/01/01
Initial Price
US $ 0.01062341
Circulation/Max
1.69B/
Dominance
0.00%
ROI+ 25.57%
$0.01062341$0.22910463
Low · 2022/05/132022/05/13 · High

Information

What is CWEB?

CWEB is a cross-chain computation platform that aims to deliver true interoperability for real-world usage. The project is actively working with and approaching traditional businesses with mass customer bases to collaborate with. CWEB's unique approach is based on the InChain architecture, allowing dApps built on the platform to maximize blockchain interoperability with fewer trade-offs. The InChain architecture revolutionizes the state of a blockchain, enhancing the efficiency and usefulness of dApps while retaining the properties of the underlying chains.

Answers

What is Coinweb (CWEB)?

Revolutionising scalability and interoperability via an open-source, consensus-free and decentralised platform. Deploy dApps on multiple blockchains as if one.

Coinweb distinguishes itself by revolutionising blockchain technology through detached proof mechanisms, enabling groundbreaking interoperability, powerful dApps, and unified cross-blockchain data.

The InChain architecture proves the state of a blockchain in a different way. This has huge implications for the Coinweb platform and dApps. With this new approach, it is possible to retain the properties of the underlying chains and dramatically increase the efficiency and usefulness of dApps.

Is Coinwebs technology being used today?

Coinwebs technology is currently being used by two hand-picked DeFi projects. From December 2020 to September 2023, Coinwebs technology has been used by over 775,000 unique users and broadcast over 4,950,000 transactions to the 8 underlying chains it is connected to, representing a total value above $445M in token sales, through projects built on top of the platform.

What dApps are built on Coinweb?

On Coinweb there are currently 6 dApps built and many others in development. The publicly announced dApps being built or having launched on Coinweb include, but are not limited to:

  1. The Coinweb Wallet - The Coinweb Wallet allows anyone to buy and sell the main crypto pairs, create cross-chain tokens and send, receive and trade them with others peer-to-peer. It offers fully integrated fiat rails, non-custodial portfolio access and management, as well as real-time price data and market information.

  2. LinkMint - While it is still in permissioned access as a minimally viable product (MVP), it is an ambitious and exciting platform that will make creating custom cross-chain tokens as easy as possible – the UIs design aims to be accessible to non-crypto native users, allowing for advanced blockchain technologies to become accessible to all. The feature-rich platform will include no-code smart contract parameters such as mintable, burnable, and vesting for token design as well as advanced properties such as bonding curves and DAO applications.

  3. DeconX - DeconX is a native integrated simple marketplace where users can perform swaps of Coinweb Native tokens, and perform automated market-making operations to fuel dApps built on Coinweb Layer 2. The underlying mechanism behind DeconX also enables the possibility for gas fee abstraction as the primary means of automatically paying transaction fees across multiple blockchains. Smart contracts can utilize the same framework as used on DeconX to provide smooth and simple interactions with blockchain technology which is an important component of our complete offering. In future versions, it will be possible to access cross-chain liquidity pools and earn yield for providing liquidity via dApps and DeFi protocols on Coinweb.

  4. BMW Leasing Thailand Loyalty Programme - A blockchain-based loyalty programme that serves as a pilot with BMW Thailand; whereby, BMW customers earn loyalty tokens while spending money at BMW or affiliated partners. Tokens can later be redeemed for goods, services and brand-designed experiences.

  5. OnRamp - OnRamp is a digital payment infrastructure company that empowers retail users and businesses to access the crypto economy with seamless plug-and-play solutions to make fiat-to-crypto and crypto-to-fiat payments as easy and familiar as mainstream online banking.

  6. Blockfort - Blockfort is a payment infrastructure company that enables easy ingress and egress for partners within the digital assets and Esports spaces.