Webchain.Network Information

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 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.