What is Coinweb

Article Summary, Automatically Generated By AI

About Coinweb

Key Features and Statistics

• 600,000+ unique users
• 5,700,000+ transactions across 8 blockchains
• $492 million+ in token sales
• 6 dApps currently hosted, with more in development

Key Features for Builders

• Cross-Chain Tokenisation
• Cross-Chain Broadcasting
• Blockchain Routing System
• Wallet Library w/ Fiat Rails
• Gas Fee Abstraction
• Scaling and Cost-Saving
• Reactive Smart Contracts

About Coinweb: Empowering the Future of Cryptocurrency

Introducing Coinweb (CWEB): A Revolutionary Blockchain Solution

Coinweb (CWEB) is pioneering a paradigm shift in scalability and interoperability through its open-source, consensus-free, and decentralized platform. By seamlessly bridging disparate blockchains, Coinweb empowers the deployment of dApps across multiple chains, effectively rendering them as one cohesive entity.

One of Coinweb’s most distinctive features is its innovative detached proof mechanisms, seamlessly integrated within the InChain architecture. This pioneering approach revolutionizes the blockchain landscape, fostering unprecedented interoperability, robust decentralized applications (dApps), and unified cross-blockchain data. By redefining the verification process of a blockchain’s state, it significantly enhances the efficiency and functionality of dApps while preserving the inherent properties of the underlying chains.

Distinguished Features for Visionary Builders

• Empowering Cross-Chain Tokenisation, developers can issue blockchain-agnostic tokens on Coinweb, seamlessly embeddable and tradable across multiple blockchains. Coinweb’s innovative Reactive Smart Contracts facilitate automatic, seamless token transfers between chains, while upcoming trustless bridges will further enable secure, expansive trading within Coinweb’s integrated blockchain network.

• Cross-Chain Broadcasting, Coinweb’s broadcaster enables transactions to be embedded in various blockchains, adapting to the specific needs of each dApp. This flexibility to operate across multiple blockchains is a significant advantage for dApps, which Coinweb facilitates by broadcasting transactions to a diverse range of blockchains, ensuring dApps remain efficient and adaptable.

• Future-Proofing with Blockchain Routing, our routing system helps future-proof dApps by monitoring the conditions of the underlying chain. If our Reactive Smart Contracts detect that the KPIs are not met, it seamlessly switches to another chain, ensuring guaranteed liveness of the application and a friction-free solution for users. Once KPIs on the original anchor chain are met again, it can effortlessly move back to it.

• Wallet Library with Fiat Rails, our wallet library is built upon our non-custodial multi-chain wallet. The functionalities of the Coinweb Wallet are available for developers to utilize today through our Wallet Lib SDK. Moreover, the fiat rails are pluggable for third-party dApps that require fiat on/off ramping in their dApp.

• Simplified Gas Fee Abstraction, our Gas Fee Abstraction eliminates the complexity of paying fees across multiple chains. With our innovative solution, users no longer need to hold L1 or L2 native tokens to use a dApp. Instead, users simply need to hold the dApp’s own native token to operate the dApp, minimizing complex UX and saving on transaction fees.

• Scalability and Cost Savings, batching transactions in our layer 2 increases blockchains’ Max TPS by up to 10x and saves on gas fees by up to 90%. This scales blockchain operations by reducing the impact of individual transactions processed on the L1, while computational scaling is enabled by the parallel execution of smart contracts.

• Reactive Smart Contracts, our RSCs boast self-paying wallets, which can autonomously monitor, move, process, and sync data between blockchains without external payments. These actions can be composed to perform complex actions such as cross-chain payment monitoring, non-custodial staking, blockchain routing, cross-chain profile scoring, and more.

• Token Shields, Coinweb’s Token Shield, powered by our Reactive Smart Contracts, ensures safe redemption between a blockchain’s native and Coinweb-native tokens, protecting all holders. It rapidly detects bridge exploits and works seamlessly with any bridging method, providing robust security in wallets and exchanges.

• Unified Development, using WebAssembly, we enable developers to create dApps using familiar languages like JavaScript, Python, Rust, and 40 more languages. This makes dApps more compatible with common devices and applications, opening the door for more developers to participate, exponentially expanding the potential talent pool.

Cross-Chain Tokenisation: Seamlessly Bridging Blockchain Boundaries. Developers can issue blockchain-agnostic tokens on Coinweb, effortlessly embeddable and tradable across multiple blockchain ecosystems. Leverage Coinweb’s innovative Reactive Smart Contracts to facilitate seamless, automatic token transfers between chains. Looking ahead, upcoming trustless bridges will further empower secure, expansive trading within Coinweb’s integrated, interconnected blockchain network.

Coinweb’s innovative broadcaster empowers seamless transactions across disparate blockchains, catering to the unique requirements of each decentralized application (dApp). By facilitating the broadcasting of transactions to a diverse array of blockchains, Coinweb enables dApps to maintain optimal efficiency and adaptability, thereby unlocking the full potential of multi-chain operability.

Blockchain Routing System: Our innovative routing system empowers dApps to future-proof their operations by continuously monitoring the underlying chain’s conditions. If our advanced Reactive Smart Contracts detect that the key performance indicators (KPIs) are not being met, it seamlessly switches to an alternative chain, thereby ensuring the guaranteed liveness of the application and a seamless, friction-free experience for users. Once the original anchor chain’s KPIs are restored, the system can effortlessly revert back to it.

Wallet Library with Fiat Rails: Unlocking Seamless Interoperability Our wallet library, built upon our robust non-custodial multi-chain wallet, empowers developers to harness the full potential of the Coinweb Wallet through our intuitive Wallet Lib SDK. Furthermore, our fiat rails are designed to be modular, allowing third-party decentralized applications (dApps) to seamlessly integrate fiat on/off ramping capabilities, thereby enhancing their overall user experience.

Gas Fee Abstraction: Simplifying Cross-Chain Transactions

Our Gas Fee Abstraction eliminates the intricacies of paying fees across multiple chains, providing a seamless user experience. By leveraging this innovative solution, users can effortlessly interact with decentralized applications (dApps) without the need to hold native tokens of Layer 1 (L1) or Layer 2 (L2) chains. Instead, they can simply hold the dApp’s native token to operate the application, thereby minimizing complex user experiences and reducing transaction fees.

By leveraging our layer 2 solution, batching transactions can be scaled and optimized, thereby augmenting blockchain throughput by up to 10 times while reducing gas fees by a substantial 90%. This significant scaling of blockchain operations is achieved by mitigating the impact of individual transactions processed on the L1. Furthermore, our solution enables computational scaling through the parallel execution of smart contracts, thereby unlocking unprecedented efficiency.

Reactive Smart Contracts Our innovative RSCs boast self-sustaining wallets, capable of autonomously monitoring, transferring, processing, and synchronizing data across disparate blockchains, all without the need for external payment facilitation. By combining these actions, complex operations can be orchestrated, including cross-chain payment monitoring, trustless staking, blockchain routing, and cross-chain profile scoring, among other sophisticated use cases.

Coinweb’s Token Shield, fueled by our cutting-edge Reactive Smart Contracts, guarantees seamless and secure redemption between a blockchain’s native tokens and Coinweb-native tokens, safeguarding the interests of all holders. This innovative solution rapidly identifies bridge exploits and is compatible with any bridging method, thereby providing fortified security for wallets and exchanges.

By harnessing the power of WebAssembly, we empower developers to craft decentralized applications (dApps) using a diverse range of familiar programming languages, including JavaScript, Python, Rust, and over 40 others. This synergy enables seamless compatibility with a broad spectrum of devices and applications, while simultaneously unlocking the doors to a vastly expanded talent pool, as more developers can now participate and contribute.

Fundamental Principle

Coinweb unleashes the potential of scalable, consensus-free validation across asynchronous shards, seamlessly integrating them within self-sovereign blockchains, such as Bitcoin, to guarantee secure interoperability and boundless scalability.

Computational Power: Coinweb’s smart contract computation leverages batch sequential processing, facilitating robust parallel processing capabilities through its compatibility with diverse virtual machines, including WebAssembly and RISCV. This design enables seamless adaptation to future massively parallel Layer 1 blockchains.

Reactivity: Coinweb’s ingenuity is exemplified in its smart contracts, which surpass traditional chain boundaries. By detecting actions on Layer 1 of interconnected blockchains, Coinweb enables the seamless and programmable execution of cross-chain incentives.

The Current State of Adoption

Coinweb’s innovative technology has empowered over 600,000 distinct users, enabling more than 5.7 million transactions across eight disparate blockchain networks, thereby facilitating a staggering total value of over $492 million in token sales through projects built upon the platform.

dApps on Coinweb: Coinweb presently boasts a diverse portfolio of six dApps, with numerous others in various stages of development.
Notable among these are:

1. The Coinweb Wallet: This innovative wallet empowers users to seamlessly trade major cryptocurrencies, create cross-chain tokens, and facilitate peer-to-peer transactions with ease. It boasts an array of features, including integrated fiat support, non-custodial portfolio management, real-time price data, and comprehensive market information.

2. LinkMint: A pioneering platform that democratizes custom cross-chain token creation, making advanced blockchain technologies accessible to a broader audience, including non-crypto users. It offers a range of features, including minting, burning, vesting, bonding curves, and decentralized autonomous organization (DAO) applications.

3. DeconX: A streamlined marketplace for Coinweb Native token swaps and automated market-making operations. Additionally, it facilitates seamless gas fee abstraction and provides a framework for smart contract interactions across disparate blockchains.

4. BMW Leasing Thailand Loyalty Programme: A groundbreaking blockchain-based loyalty program, developed in partnership with BMW Thailand, enabling customers to earn and redeem loyalty tokens with ease.

5. OnRamp: A cutting-edge digital payment infrastructure company that simplifies fiat-to-crypto and crypto-to-fiat payments for retail users and businesses alike, providing a seamless and intuitive experience.

6. Blockfort: A specialized payment infrastructure company focused on digital assets and esports, offering bespoke ingress and egress solutions tailored to the unique needs of partners in these industries.

The Coinweb Wallet: This innovative digital repository empowers users to seamlessly trade prominent cryptocurrencies, craft cross-chain tokens, and facilitate peer-to-peer transactions with ease. It boasts an array of features, including integrated fiat support, non-custodial portfolio management, real-time price data, and comprehensive market information, providing users with a holistic and intuitive cryptocurrency management experience.

LinkMint: A visionary platform democratizing custom cross-chain token creation, rendering cutting-edge blockchain innovations accessible to a broader audience beyond the crypto-savvy. It boasts an array of features, including minting, burning, vesting, bonding curves, and decentralized autonomous organization (DAO) applications.

DeconX: A streamlined marketplace facilitating seamless Coinweb Native token swaps and automated market-making operations, while providing gas fee abstraction and a versatile framework for interoperable smart contract interactions across disparate blockchain ecosystems.

In collaboration with BMW Thailand, we proudly introduce the BMW Leasing Thailand Loyalty Programme, a pioneering blockchain-based initiative that empowers customers to accumulate and redeem loyalty tokens, fostering a seamless and rewarding experience.

OnRamp: A pioneering digital payment infrastructure company that seamlessly facilitates fiat-to-crypto and crypto-to-fiat transactions, empowering retail users and businesses alike.

Blockfort: A pioneering payment infrastructure company specializing in digital assets and esports, offering seamless ingress and egress solutions tailored to the unique needs of partners operating within these dynamic industries.