To encourage the adoption of cryptocurrencies, it is essential to address all types of users. For this purpose, we have created the simplest user experience possible when using a cryptocurrency. WebDollar’s mission is to promote the widespread adoption of cryptocurrencies by providing users with the simplest decentralized cryptocurrency usage experience.
- Without installations
- Without downloads
- Without the need to create an account
- Without the need for complicated configurations
The wallet is created automatically and stored locally in the device’s browser. The consensus mechanism is Proof of Work (PoW) and includes Non-Interactive Proof of Proofs of Work (NiPoPoW), an algorithm that assumes that any participant in the Light network can trust that they are connected to the correct chain without needing to download the entire blockchain history. The purpose of this algorithm is to enable users to access the blockchain in a decentralized manner from any device.
WebDollar is a mineable cryptocurrency with a hybrid system in which blocks are mined using a special algorithm with 66.(6)% Proof of Stake (PoS) and 33.(3)% Proof of Work (PoW). The PoW algorithm is Application Specific Integrated Circuit (ASIC) resistant and uses Argon2d as the hashing function in PoW, making it unfriendly for Graphics Processing Unit (GPU) miners.