What is Webchain?

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.

$WEB is a Cryptocurrency that will also carry a variety of utilities exclusively within the #Webchain ecosystem.
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General

TICKER SYMBOLS
WEB
AGE
last year (June 07, 2018)
CURRENT PRICE
$0.002025
Updated 2 minutes ago via coingecko.com
CHEDDUR ALL TIME HIGH
$115
7 months ago
CIRCULATING SUPPLY
117,111,883.18 coins
Updated 2 minutes ago via coingecko.com
MARKET CAP
$237,187
Updated 4 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (1,750,000,000 coins)
PRE-MINED / RESERVED
Yes (350,000,000 coins)
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
10s
CURRENT BLOCK REWARD
50 coins
HASHING ALGORITHM
CryptoNight
DIFFICULTY ADJUSTMENT
Every block (~10 seconds)