Coinweb Price (CWEB)

To find out even more about this project, check out our deep dive of Coinweb.

What is Coinweb (CWEB)?

Coinweb is a cross-chain computation platform that aims to deliver true interoperability for real-world usage. To achieve this, the project is already working with and actively approaching traditional businesses with mass customer bases to collaborate with.

Coinweb’s unique approach is based upon the InChain architecture, which enables dApps built on top of the platform to take maximum advantage of blockchain interoperability with fewer trade-offs.

The InChain architecture proves the state of a blockchain in a different way. This has huge implications for the Coinweb platform and dApps. With this new approach, it is possible to retain the properties of the underlying chains and dramatically increase the efficiency and usefulness of dApps.

Is Coinweb’s technology being used today?

Coinweb’s technology is currently being used by two hand-picked DeFi projects. From December 2020 to May 2023, Coinweb’s technology has been used by over 220,000 unique users and broadcast over 4,250,000 transactions to the 8 underlying chains it is connected to, representing a total value above $355M in token sales, through projects built on top of the platform.

What pain points is Coinweb solving?

The broader vision of blockchain technology promises to enable the creation of an infrastructure that can automate and optimize trust-based functions in society. This will catalyze a paradigm shift in how businesses, governments, institutions, and individuals interact and operate. This requires a technical foundation capable of supporting it. We have identified several key problems that persist, preventing a shift from taking place.

Decentralized applications must be able to access a larger part of the whole blockchain solution space and adapt as it develops, without losing important security properties from underlying platforms.

Smart Contract Limitations - Most blockchains use a sequential execution model, which severely limits their computation throughput. This leads to high gas fees and slow execution time. Smart-contracts are also limited when they are executed.

Programming languages - Custom programming languages and non-standard toolchains make it harder for developers to develop dApps.

Blockchain data - Accessing and merging blockchain data across multiple chains is cumbersome and introduces additional security dependencies.

What are the technical characteristics of Coinweb?

The platform’s unique architecture merges the solution space from underlying blockchains, opening an innovative approach for solving existing bottlenecks.

• Unique strong coupling of blockchains.
• Uniform deployment across all blockchains.
• Parallel execution of smart-contracts on one chain and across multiple chains.
• Indexing of blockchain data with strong security & execution.
• Reactive smart-contracts.

What dApps are built on Coinweb?

On Coinweb there are currently 6 dApps built and many other in development. The publicly announce dApps being built or having launched on Coinweb includes, but not limited to:

1. The Coinweb Wallet

   • The Coinweb Wallet allows anyone to buy and sell the main crypto pairs, create cross-chain tokens and send, receive and trade them with others peer-to-peer. It offers fully integrated fiat rails, non-custodial portfolio access and management, as well as real-time price data and market information.

2. LinkMint

   • While it is still in permissioned access as a minimally viable product (MVP), it is an ambitious and exciting platform that will make creating custom cross-chain tokens as easy as possible – the UI’s design aims to be accessible to non-crypto native users, allowing for advanced blockchain technologies to become accessible to all. The feature-rich platform will include no-code smart contract parameters such as mintable, burnable, and vesting for token design as well as advanced properties such as bonding curves and DAO applications.

3. DeconX

   • DeconX is a native integrated simple marketplace where users can perform swaps of Coinweb Native tokens, and perform automated market-making operations to fuel dApps built on Coinweb Layer 2. The underlying mechanism behind DeconX also enables the possibility for gas fee abstraction as the primary means of automatically paying transaction fees across multiple blockchains. Smart contracts can utilise the same framework as used on DeconX to provide smooth and simple interactions with blockchain technology which is an important component of our complete offering. In future versions, it will be possible to access cross-chain liquidity pools and earn yield for providing liquidity via dApps and DeFi protocols on Coinweb.

4. BMW Leasing Thailand Loyalty Programme

   • A blockchain-based loyalty programme that serves as a pilot with BMW Thailand; whereby, BMW customers earn loyalty tokens while spending money at BMW or affiliated partners. Tokens can later be redeemed for goods, services and brand-designed experiences.

5. OnRamp

   • OnRamp is a digital payment infrastructure company that empowers retail users and businesses to access the crypto economy with seamless plug-and-play solutions to make fiat-to-crypto and crypto-to-fiat payments as easy and familiar as mainstream online banking.

6. Blockfort

   • Blockfort is a payment infrastructure company that enables easy ingress and egress for partners within the digital assets and Esports spaces.