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Author Topic: Webchain: CPU mining / DApps via Websites and IoT - No ICO or ASIC  (Read 334 times)

quenny01

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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 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.





Web minable.
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.





Name
Webchain

Consensus Mechanism
CryptoNight’s egalitarian PoW, as described in CryptoNote Standard 008 (CNS008).

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%)

Total 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 2021.


You are encouraged to host your own node to help us keep Webchain decentralized, stable and secure.




Webchain mining pool
https://pool.webchain.network


Webchain block explorer
https://explorer.webchain.network











                     
« Last Edit: May 21, 2018, 05:44:56 pm by quenny01 »

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