WebDollar (WEBD) is a Browser-based Peer-to-Peer cryptocurrency that aims to significantly increase the worldwide adoption of decentralized currencies. WebDollar offers the possibility to send and receive payments online on any Browser, directly from one party to another, without going through a financial institution, while the confirmations of these transactions are secure on the blockchain without passing them through potential vulnerable channels like a Web Server or RPC intermediary as in BTC.
Cryptocurrencies have been very technical, requiring the installation of specific terminal applications for running nodes and mining, downloading the entire blockchain before starting to mine, and dedicated wallet software. To solve the worldwide adoption challenge, WebDollar focuses on three core advantages:
1. Simplicity – offering an intuitive and non-technical user experience, addressing more than just IT-savvy crypto-enthusiasts, but also the common citizens.
2. Lightness – WebDollar introduces a trustless light node of the blockchain for mining and verifying transactions without requiring to download the entire blockchain history from Genesis, but only the hardest proofs and blocks that distinguish attackers to honest nodes (miners) who keep the correct blockchain. This breakthrough light version of the Blockchain is called Non-Interactive Proofs of Proofs of Work (NiPoPoW) and was proposed by some researchers.