[ANN] Webcash: A new Proof-of-Work digital currency based on e-cash

[seabiscuit40]

How can the electronic cash in the local wallet be transferred to the online wallet?

[Bialke]

How can the electronic cash in the local wallet be transferred to the online wallet?

Through a secred. It is a code, like this one: e1000:secret:6532891df9549377c43ca27ec326199c7dfc205d1a62fe0cf2322dabf56adcf20

The secred is created in your local wallet, you sent it to the online wallet and copy the secred in. (Or vice versa.)

[LaaMos Seeth]

Any updates ? Future plans ?

[thelittlecryptoboi]

Any updates ? Future plans ?

Hey, I think the idea is now to develop applications for webcash.

So if you have a website or a shop, implement webcash and distribute it! Or simply talk about it, this will help to grow this project.
Webcash is a currency which is extremely easy to use. That is the amazing superpower of webcash.

[Bialke]

I think the initial idea to make it a currency/coin was wrong. Because it implied to attract "money people". In the end the really NEW thing of webcash is the "wallet system". Basically a service like PayPal should use it. You can ban PayPal by blocking their domains in unfree regimes/countrys. But you could not ban the Webcash payment system.

But if you take away all the token and coins of traditional blockchain projects, the payment system is also good. So Webcash has to explain their uniqeness a little bit more. The question is: A unique usecase OR just another crypto system/currency?

[Bialke]

Update:

Advantages

- Webcash features transactions nearly without a time delay. (A few microseconds.)
- The web wallets you can host yourself.
- There are no transaction fees.

Challenges

- It is blockchain-less. So a lot of crypto exchanges finds it hard to integrate a blockchain-less coin in their exchanges. A challenge is to built an exchange for Webcash next to OTC trading or to integrate Webcash in existing crypto exchanges.
- The server for Webcash is centralized. A legal and practical structure is needed to control the administrator or a system of more servers is needed, which are making Webcash decentral.

[Jelloshooter848]

Running Webcash.  I think this is really cool.  My main question is what happens if he stops running the server?  is the whole project dead then?  What will be his incentive longterm to keep running the server?  Is it just based on altruism?

[Bialke]

My main question is what happens if he stops running the server?  is the whole project dead then?  What will be his incentive longterm to keep running the server?  Is it just based on altruism?

Yes, in this stage Webcash is just an experiment. If the main dev (who owns/runs the server) will stop running it, the project will be dead.

Everything else you can discuss on the Discord server! We are discussing there in which direction the project could go.

One big topic is how to built or who want to built an Webcash exchange. Another big topic is, if the amount of Webcash token should be increased.