What Is Coinweb (CWEB)?

By Tracy Hannes | January 7, 2022

Coinweb (CWEB) is a platform that is dedicated to solving the present problems in the world of blockchain. It plans on becoming the world’s first ‘’general-purpose blockchain’’ that has real-world usage associated with it. The industries in which Coinweb (CWEB) is working and plans to make a big presence include e-commerce, supply chain, data protection, transportation, healthcare, and many other traditional niches to make sure that its platform provides true interoperability to conventional businesses worldwide.

How Does Coinweb (CWEB) Work?

Coinweb (CWEB) works on a single purpose, which is to identify the key problems in blockchain technology and solve them. Key problems include the security issues in decentralized applications, smart-contract limitations, lack of easily programmable languages, and difficulties that arise when accessing and merging blockchain data.

The InChain architecture is the fundamental building component of Coinweb’s unique approach. Coinweb dApps are able to give innovative solutions to fundamental issues. Thanks to the InChain design and with the InChain architecture, users can get the most out of blockchain 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 feasible to keep the attributes of the underlying chains while greatly increasing the efficiency and utility of dApps using this new technique.

Comparison With Different Blockchains

The Coinweb (CWEB) platform shines the most when it is compared with other top blockchains in terms of interoperability, execution model, security, and other important features any blockchain should have.

When compared to blockchains like BitcoinEthereum, Quant Network, Polygon, Polkadot, and many others, here are the advantages Coinweb provides to its users that most of these are highly-trusted blockchains don’t offer.

1. The data redundancy in the core chain is quite high. The calculated state may contain fewer features, but it can be algorithmically rebuilt in the event of data loss.

2. The Coinweb platform plans to solve common blockchain problems by providing a unique strong coupling of blockchains, indexing the data with high security, providing uniform deployment on all blockchains, and so on.

3. Data input can be done both on-chain and off-chain. Overledger Mapps are centralized applications that operate on top of many chains.

4. The universality of Coinweb, also known as interoperability, allows decentralized apps to mix a diverse range of features from several blockchains under a single consensus.

5. Coinweb mitigates dApp platform risk by offering an abstraction layer that avoids such a need to hard code dApps to certain low-level protocols. DApps enable bandwidth and usefulness to be horizontally scaled across current and new blockchains.

6. The parallel execution approach enables computing to scale across numerous chains. Avoiding gas fee bottlenecks considerably decreases platform risk. It also makes it possible to create more powerful dApps with high computational demands.

7. The Coinweb protocol enables decentralized apps to integrate the information, functionality, and features of many self-sovereign blockchains into a high-capacity computing framework, allowing dApps to greatly expand their solution space.

8. Relay chain block ordering is non-deterministic and is determined by a distinct consensus and relies on the timestamp and delay graph of the underlying consensus.

9. There is no order between blockchains which means a single chain binds a subgraph.

10. Cross-chain is not visible in this subgraph and can be seen by a client of The Graph.

Coinweb (CWEB) Tokenomics

The total and maximum token supply of CWEB tokens is 7,680,000,000. The CWEB token distribution is done as follows:

  • Mining Reserve – 21.90%

1,680,000,000 tokens

  • Strategic Partners – 5.40%

416,986,502 tokens

  • Company Reserve – 38.40%

2,946,085,170 tokens

  • Strategic Round – 5.30 %

410,256,412 tokens

  • Private Round – 7.00%

538,461,538 tokens

  • Public Sale – 0.30%

23,076,923 tokens

  • Founders – 13.50%

1,039,808,693 tokens

  • Team + Advisors – 4.50%

343,204,805 tokens

  • Seed Round – 3.70%

282,119,956 tokens

Coinweb (CWEB) Price

Coinweb (CWEB) is now trading at around $0.1024, as of Jan. 05, 2022. Its 24-hour trading volume on exchanges is around $6,462,932.

Source: https://coinmarketcap.com/alexandria/article/what-is-coinweb-cweb-features-tokenomics-and-price-prediction

Tags: , ,

Related Articles

What Is UFO Gaming (UFO)?

Shannon Wilson | Dec 22, 2021

What is YooShi (YOOSHI)?

Shannon Wilson | Jan 1, 2022

Ankr expands API services to Arbitrum

Warren Hayes | Jul 15, 2021

What Is Dogelon Mars (ELON)?

Jenny Aurora | Dec 28, 2021

What is Lyra coin (LYR)?

Jenny Aurora | Aug 24, 2021

What is Hungry Bear (HUNGRY)?

Robin Wong | Jul 26, 2021

What Is Bloktopia (BLOK)?

Tracy Hannes | Dec 8, 2021