ASICs are machines created for the sole purpose of cryptocurrency mining while rapidly increasing the block difficulty over time; turning mining for regular devices users unprofitable. Since ASIC operators sell coins to pay for expenses, they also drive coin prices down.
We designed and implemented our own fully customized version of Cryptonight hashing algorithm. To stay ASIC-resistant in future, we will keep updating it regularly.
By making Webchain CPU mineable, we make sure that everyone can mine it. Neither ASICs nor GPU miners will have big advantages over CPU miners. We believe such distribution of coins is much more beneficial for the community.
Since this project is meant to be for everyone – not only for those with deep pockets – we are holding no Initial Coin Offering.
Our on-chain transactions are among the fastest - only 10s. Adding off-chain solutions will make them instant.
The transactions made on our blockchain are entirely public, so Webchain won’t be a friendly place for botnet attackers or any sort of harmful illegal activities.
Our team believes that WEB is too valuable to be given away on the massive scale. We might organize small, limited competitions where WEB will be a prize to win, but we will never give it away in large numbers just to popularize it. We refused many airdrop offers and we will keep doing so. Everyone has to earn WEB to get it!
Contrary to all ERC20 tokens out there - we have our own blockchain! On top of that, contrary to most other independent blockchains out there - we keep full compatibility with Ethereum, it means you can use same private key to access same address in both blockchains. To access WEB you have to use Webchain wallet or myetherwallet.com with Webchain network selected in upper right corner.
Webchain team made a series of successful hosting projects spread across 5 continents, used by over 1 million webmasters and viewed by millions of people every month.
Users of those hostings will be able to not only pay with WEB for all hosting services but also turn on WEB mining on their websites just by clicking a button. This will create a fully sustainable and ad-free environment for content creators, where the visitors will contribute their unused CPU power to reward content creator.