Coinweb priceCWEB

What is Coinweb (CWEB)?

Coinweb is built on cross-chain computation to offer practical interoperability for real-world applications. As part of this objective, Coinweb has already begun collaborating with traditional businesses with large customer bases. Moreover, the platform addresses fundamental issues with current blockchain technology through its unique architecture that combines the solution space with the underlying blockchains. This innovative approach offers a solution to existing bottlenecks.

How does Coinweb (CWEB) work?

The platform's whitepaper outlines a unique approach developed on the InChain architecture. This approach allows Coinweb to enable Dapps, which is a significant advantage for the platform. In addition, the InChain architecture maximizes blockchain interoperability while minimizing tradeoffs, which means that Coinweb can combine and extend blockchains' functionality to provide developers with the capacity to improve and expand existing Dapp concepts. This is a game-changer since it opens up new possibilities for more significant innovation.

One of the standout features of Coinweb's platform is its causal consistency model, which protects the protocol against instabilities in connected chains while maintaining complete application usability. To achieve this, Coinweb runs every transaction and computation parallel, regardless of whether the same event triggers the smart contracts. This mechanism allows the platform to enable decentralized apps to work continuously on top of a Pareto-optimal combination of chains. This Pareto-optimal combination signifies if one chain becomes less useful or another chain becomes more useful, a Dapps can efficiently move functionality to the more appropriate chain. To support these developments of Dapps on the platform and facilitate operation, Coinweb introduced its cryptocurrency, the CWEB token.

What is the CWEB Token”?

Users can leverage the CWEB token to gain entry into the platform and to power various features. The token also serves as a means of conducting operations, supporting development, promoting the platform, and encouraging user engagement.