What is Coinweb (CWEB)?
Coinweb is a decentralized cloud protocol that empowers developers to build powerful decentralized applications (dApps). The blockchain-based cloud supports dApps in various ways. It enables dApps to access, store, and move data across multiple underlying blockchain networks. It also enables dApps to process data at high speed through the RDoC protocol. Besides, Coinweb-based dApps can accept various crypto and traditional payments.
Coinweb is powered by Coinweb token (CWEB). You can check the CWEB price on the live Coinweb price chart above.
Coinweb’s decentralized cloud has created a symbiotic relationship with the entire industry. It allows users and developers to use their existing tokens and smart contracts, enhance them in the cloud, and move them across multiple blockchains.
Overall, Coinweb (CWEB) is solving four main challenges of the existing blockchain solutions. The first problem is the lack of interoperability. The current smart contracts cannot operate effectively across multiple blockchains. Coinweb solves this problem using the Reactive Smart Contract solution. These smart contracts have their own wallets, which they use to pay themselves, keeping them awake all the time. Therefore, they can monitor transactions across various blockchain networks.
Another problem is the inconsistent data that results from two nodes creating the next block at exactly the same time. This case leads to the creation of two chains, and some transactions may be included in one chain but not the other. Coinweb solves this problem through its Delay Graph and Information Market feature. This feature removes the threat of reorganization by delaying the information before it is sent to the other blockchains.
The third problem that the network aims to solve is the difficulty in scaling decentralized applications (dApps). Coinweb uses Inchain Architecture to make dApps more scalable. Developers can use this architecture to create much more powerful dApps. They can spread the components of their apps across various blockchains that are optimized for each task.
The last major problem Coinweb aims to solve is blockchain’s industrial isolation. Crypto is still isolated from other industries and an attempt to integrate it into existing industries is hindered by a lot of government regulations. Coinweb is investing in securing the necessary licenses to allow users to enjoy the application of crypto in various industries across different jurisdictions.
Use cases of CWEB Tokens
The CWEB is a multi-utility token of the Coinweb platform. It provides users access to the platform and its main features. Coinweb token holders can also stake it on the platform’s staking product to earn decent interest. The token also facilitates payments and reward systems on the network and its supported dApps.
Finally, you can exchange and trade CWEB tokens to earn profit. However, you should remember to analyze the CWEB price before buying the token, to avoid a bad trade. The live price chart enables you to monitor Coinweb prices in real-time, hence helping you to make more informed trade decisions.
Who Founded Coinweb?
The Coinweb crypto project was founded by Toby Gilbert (CEO) and Knut Arne Vinger (CTO) in 2018. Toby is an expert in tech and telco spaces, with a proven track record of founding new start-ups. He invested in and led the Blockfort and OnRamp team. The project has a large team of experts behind it. Knut, on the other hand, is a tech pioneer and an early adopter of digital currencies and payment systems. He is also a founder and architect at Blockfort and OnRamp.
Tokenomics of Coinweb (CWEB)
Coinweb has a maximum token supply of 7.68 billion CWEB. The token’s economics is designed to ensure the sustainability of the entire network and to maintain a relatively stable CWEB price. Here is the summary of token distribution:
- Mining Reserve – 21.9%
- Company Reserve – 38.40%
- Founders – 13.5%
- Team and Advisors – 4.50%
- Strategic Round – 5.30%
- Private Round – 7.00%
- Strategic Partners – 5.40%
- Seed Round – 3.70%
