WebDollar – Currency of the Internet

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WebDollar (WEBD) is a cryptocurrency fully native to the World Wide Web, entirely written in JavaScript, built around the concepts of simplicity, lightness and portability. WebDollar’s mission is to foster the mainstream adoption of cryptocurrency. In order to make that vision a reality, we need to address all kinds of users, not just the tech savvy, like most of the other cryptos do. For that, we’ve created the simplest possible user experience for a cryptocurrency:
  • No Installations
  • No Downloads
  • No account creation or complicated configurations.
  • Wallet is safely created automatically and stored locally.
Just visit WebDollar.io and you can start mining directly on the site. WebDollar uses a Non-Interactive Proofs of Proof of Work (NiPoPoW) consensus mechanism, which means that the verification of the transactions are done without requiring the download of the entire blockchain history from the genesis, but only the hardest proofs and blocks that distinguish attackers from honest nodes (miners) which keep the correct blockchain. This means that you won’t need to download hundreds of gigs of data to start mining and you can access the blockchain for mining from any device, almost immediately. These features position WebDollar as a currency for the masses. Indeed, we aim for mass adoption and this is why we designed a WebDollar supply of fine granularity (see specs below). We have also redesigned mining from the bottom up, introducing the concept of social mining. As a vital function of providing trust, mining was originally intended to be a social deed, supporting the Bitcoin network. This social element was disregarded as mining resources were consolidated and centralized. Through our technology we empower people again, and mining becomes possible for anyone, on any device. Mining Pool creators are able to incentivize miners to join their pools, by sharing profits fairly with their miners, providing a simple and efficient means to decentralize the pool structure of the blockchain. Our ASIC-resistant and GPU-unfriendly hash function, Argon2d, provides further encouragement to help make mining a social phenomenon and foster mass awareness in the process. The future of payments and content creator monetization  Our technology, native to the web, offers competitive and scalable transaction speed and reduced confirmation time, making it an ideal payment method for online retailers. Through our transparent, equitable means of mining on websites, WebDollar offers content creators a fair and profitable way of replacing or complementing ads in exchange for the value they deliver, online.

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After the launch of our Mainnet, we will provide powerful off-chain solutions for an anonymity layer, we will introduce support for smart contracts and develop a peer-to-peer marketplace in which goods can be easily bought or sold with WEBD.

More info

For more information about WebDollar’s technology, please read our White-Paper:

Image Name: WebDollar Symbol: WEBD Total supply: 42,000,000,000 (42 Billion) WEBD Named subunit: WebCent = 0.01 WEBD Smallest subunit: 0.0001 WEBD Block time: 40 seconds Block reward: halving every 3,153,600 blocks (4 years) Initial block reward: 6000 WEBD Difficulty: retargets every 10 blocks Mining Pools: Available Mining Algorithm: Argon2d Consensus: 33% NiPoPoW + 66% PoS

Image Total supply: The coins will be issued through mining over a 100 year time span, with 9.9% (4.1568 Billion) reserved for WebDollar Genesis.

Emission charts:

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Genesis split: The WEBD reserved from the Genesis will be used for the further development of the technology & ecosystem and to reward the development work done so far. They will be distributed as follows, and released gradually according to the funding needs of the project.

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Q4 2017

WHITE PAPER DRAFT

An initial white paper was realized to describe the WebDollar protocol

Q4 2017

TECH HUB JS HACKATHON

An initial team was formed during the JSHacks Blockchain Hackaton to bootstrap and implement the vision behind WebDollar

Q4 2017

P2P AND MINI-BLOCKCHAIN

Our community started to develop and finalize P2P connections through Websockets and WebRTC. Implementation of Mini-blockchain

Q1 2018

LAUNCH TEST NET

Developing consensus of the Proof of Work and blockchain launching.

Q1 2018

BUILT IN BOUNTY PROGRAM

Development of a bounty program that helped evangelists to spread the word of Webdollar worldwide.

Q2 2018

SECURITY & LAUNCH MAIN NET

Non-Interactive Proofs of Proof-of-Work, Improving the Security and launching a Main Net

Q3 2018

MINING POOLS & REFERRAL SYSTEM

Developing a easy way to mine with your friends in social mining. Also, creation of the Mining Pools Referral System.

Q3 2018

EXCHANGE LISTING

Developing the first Exchange for the WebDollar Ecosystem and creating easy to integrate API for other Exchanges

Q4 2018

EVANGELISM & MARKETING

Growing the community, running bounties programs & attend to cryptocurrency conferences.

Q4 2018

OFFLINE TRANSACTIONS

Allowing users add a new optional security layer by signing offline transactions using their wallets on desktop or mobile app.

Q1 2019

ANONYMITY & MULTISIGN

Developing Anonymity and researching multisign with fingerprint/faceID

Q1 2019

REAL TIME ROAD MAP

Developing a Real time road map with the status of all apps developed by our devs and community.

Q2 2019

VOTING COMMUNITY CENTER

Voting center for community where features and updates are proposed to be upvote or downvote by our holders.

Q2 2019

SMART CONTRACTS

Developing a Smart Contracts Platform that allows users to create their own financial assets — Webdollar Tokens.

Q4 2019

DECENTRALIZED BAZAAR

Creation of a decentralized Bazaar where people can buy or sell goods using Webdollar as a payment method.

Q4 2020

SCALING TRANSACTIONS

Improving the max number of transactions per second accepted by the WebDollar Protocol

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