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What is Coinweb (CWEB)?

Coinweb (CWEB) is revolutionising scalability and interoperability via an open-source, consensus-free and decentralised platform. Coinweb enables the deployment of dApps across multiple blockchains as if they were one.

One of Coinweb's standout features is its detached proof mechanisms within the InChain architecture. This unique approach transforms the blockchain landscape by ensuring groundbreaking interoperability, robust dApps, and unified cross-blockchain data. It accomplishes this by redefining how the state of a blockchain is verified, which greatly enhances the efficiency and functionality of dApps while retaining the properties of the underlying chains.

Key Features for Builders

• Cross-Chain Tokenisation Developers can issue blockchain-agnostic tokens on Coinweb, embeddable and tradable across multiple blockchains. Utilise Coinweb's Reactive Smart Contracts for seamless, automatic token transfers between chains. 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. For dApps, the flexibility to operate across multiple blockchains is a significant advantage. Coinweb facilitates this by broadcasting transactions to a diverse range of blockchains, ensuring dApps remain efficient and adaptable.

• Blockchain Routing System Our routing system helps future-proof dApps by monitoring the conditions of the underlying chain. If our Reactive Smart Contracts notices that the KPIs are not met, it 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 move back to it.

• Wallet Library w/ Fiat Rails Our wallet library is based on our non-custodial multi-chain wallet. The functionalities of the Coinweb Wallet are available to use for developers today through our Wallet Lib SDK. The fiat rails are also pluggable for third-party dApps that need fiat on/off ramping in their dApp.

• Gas Fee Abstraction Gas Fee Abstraction removes the complexity of paying fees across multiple chains. With our Gas Fee Abstraction, there is no need for users to hold L1 or L2 native tokens in order to use a dApp. Users simply need to hold the dApp's own native token to operate the dApp. This helps minimise complex UX as well as save on transaction fees.

• Scaling and Cost-Saving Batching transactions in our layer 2 helps increase blockchains Max TPS by up to 10x as well as save on gas fees by up to 90%. This scales blockchain operations by reducing the impact of individual transactions processed on the L1. Computational scaling is enabled by the parallel execution of smart contracts.

• Reactive Smart Contracts Our RSCs have self-paying wallets, which can 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 quickly detects bridge exploits and works with any bridging method, providing robust security in wallets and exchanges.

• Unified Development Using WebAssembly, we allow 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 as well as opening the door for more developers to participate, expanding the potential talent pool exponentially.

Key Concept

Coinweb empowers scalable consensus-free validation across asynchronous shards, embedding them within self-sovereign blockchains like Bitcoin to ensure secure interoperability and limitless scalability.

Computational Power: Coinweb's smart contract computation relies on batch sequential processing, supporting powerful parallel processing with various virtual machines, including WebAssembly and RISCV. It's designed to adapt to future massively parallel Layer 1 blockchains.

Reactivity: Coinweb's brilliance extends to its smart contracts that transcend their own chains. They can detect actions on Layer 1 of interconnected blockchains, making cross-chain incentives programmable and seamless.

Current Adoption

Coinweb's technology has served over 600,000 unique users, facilitating more than 5,700,000 transactions across eight underlying chains, representing a total value exceeding $492 million in token sales through projects built on the platform.

dApps on Coinweb: Coinweb currently hosts six dApps, with more in development. Notable dApps include:

1. The Coinweb Wallet: This wallet enables users to trade major cryptocurrencies, create cross-chain tokens, and engage in peer-to-peer transactions. It offers integrated fiat support, non-custodial portfolio management, real-time price data, and market information.

2. LinkMint: An ambitious platform simplifying custom cross-chain token creation, making advanced blockchain technologies accessible to non-crypto users. It supports features like minting, burning, vesting, bonding curves, and DAO applications.

3. DeconX: A simple marketplace for Coinweb Native token swaps and automated market-making operations. It also facilitates gas fee abstraction and offers a framework for smart contract interactions across blockchains.

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

5. OnRamp: A digital payment infrastructure company enabling easy fiat-to-crypto and crypto-to-fiat payments for retail users and businesses.

6. Blockfort: A payment infrastructure company focused on digital assets and esports, providing easy ingress and egress solutions for partners in these industries.