What Is WebDollar (WEBD)?
WebDollar (WEBD) is a web browser-based peer-to-peer cryptocurrency aiming to notably increase the adoption of decentralized currencies. WebDollar platform aims to offer the possibility to send and receive payments online on any browser. It is done directly from one party to another without going through a financial institution. At the same time, the transactions are secured and confirmed on the blockchain without passing through vulnerable channels like a web server. The main advantage of the protocol is that it can be mined via a browser and can transfer funds by storing the wallets locally without using third parties.
The WebDollar network and blockchain were designed to work without installing any additional software or plugins for wallets or mining. Here, a mini-blockchain is downloaded directly into the browser while the wallet is securely stored and encrypted directly in the users’ computer. As per the whitepaper, the network intends to act as the currency of the web by supporting smart contracts to allow decentralized organizations to create their tokens, taking advantage of the WebDollar protocol. Smart contracts are just like regular contracts; instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.
Furthermore, the network seeks to focus on three core advantages:
Simplicity - The network aims to offer an intuitive and nontechnical user experience, addressing tech-savvy crypto-fanatics to ordinary citizens.
Lightness - The platform has introduced a trustless light node of the blockchain for mining and transaction verification without downloading the entire blockchain history.
Easiness - The network aims to focus on simplifying cryptocurrency usage by implementing a peer-to-peer browser solution.
In addition, the protocol features no downloads, installation, or registration. Instead, it seeks to provide direct browser staking, wallet generation directly in the browser, offline transactions, and ease of transaction.
History of WebDollar (WEBD)
Alexandru Ionut Budisteanu founded the WebDollar network. Budisteanu serves as the cofounder and protocol developer. Another cofounder of the network is Alexandru Panait, serving as general manager. The network does not have an official team, and it was launched with no ICO (initial coin offering) or FCO (free coin offering).
WEBD has a maximum total supply of 42,000,000,000 coins.
