Webchain is a blockchain that makes the most of the untapped CPU resources of internet-connected devices to secure Smart-Contract-powered DApps. This is done by registering public transactions through an egalitarian Proof-of-Work consensus mechanism based on a modified version of CryptoNight, which uses the community of website users as the low-impact processing grid for applications.
Through Webchain, the use of smart contracts becomes more mainstream, acknowledging the huge benefits that decentralized apps can offer to today’s internet.
When blockchains were first created, no one was able to foresee the monopoly that ASICs would create, or that instead of blockchain technology becoming a way for the masses to be financially independent, it could become a way for the wealthy to accumulate more wealth. There are over 1.5 billion websites delivering millions of services every second; each of them could be helping to secure a future where the internet is decentralized and monopoly-free.
One of the main limitations for any person willing to mine is to own profitable hardware in relation to the current blockchain difficulty, which usually translates to high-end machines (with cutting edge CPU & memory components). Webchain doesn’t require a particularly good hardware in order to mine; as long as the device has a processor, it will make use of a percentage of the idle CPU power and will use it to mine using a script, which is executed asynchronously. This allows users to mine from a good set of devices like desktop computers, smartphones and even those connecting with IoT.
Web minable.
Only public, transparent and trackable transactions, a condition that guarantees a botnet unfriendly network.
Fast transactions with possible off-chain solutions and on-chain scaling via sharding.
Constantly upgraded to remain ASIC resistant.
Name
Webchain
Consensus Mechanism
Modified CryptoNightV7 egalitarian PoW. Base Reward
50 WEB
Era length
100.000 blocks (~2 weeks)
Block time
10 seconds
Smart Contract standards
ERC-20, ERC-223
Locked Premine
350.000.000 WEB (20%)
Total supply
1.600.000.000 ~ 1.750.000.000 WEB
Exchanges
Why premine? For long-term support of the project. Our share guarantees our active involvement. We also agreed to lock in our premined amount - it will be spendable fully only in 2021.
We are the team that created coinimp.com - most profitable javascript miner on the market! Number one on Google
We are also the team that created popular free hosting service with millions of users. We have many regional hosting services in local languages across 5 continents, we are working on a site that will introduce all our hosting regions and give more information about our hosting solutions. So we won't reveal its name yet, since presentation page is not yet ready.
Why is this important for WEB?
Because we are creating an ecosystem for webmasters to earn on their content. As a hosting provider with millions of users and as one of the leading JavaScript mining solutions, we will make WEB to be in the center of it. - it will be the first currency minable via CoinIMP other than Monero - it will be an supported payment method for our services - it will be easily earnable by a click of a button on the hosting panel. Our team works only on the projects that are mentioned above, we do not have more of them.
We will focus on joining all 3 services (WEB, hosting, coinimp) together.
P.S. We are not revealing our biggest idea, because contrary to some projects, we announce only things we are 100% certain we can deliver. Biggest announcement will be made later, maybe even early next year. This new idea will be directly related to WEB but it's still on research phase so there is a chance that it will be totally called off.
You are encouraged to host your own node to help us keep Webchain decentralized, stable and secure.
Miner Versions
Known issue: incoming transactions don't show up in history, but sending and total balance work fine,
so if you want to see incoming transactions details, use explorer to view them 
