Blockchain technology, while transformative, is not without its challenges. Adoption has been hindered by various bottlenecks and points of failure. However, innovative solutions are emerging to address these issues, with one project standing out: Coinweb #Layer2 #web3 #infrastructure Coinweb is pioneering a computational layer that is blockchain agnostic, unifying connected blockchains to reduce costs, complexity, and the risk of chain failure. Below, we detail the groundbreaking innovations C
Understanding RDoC (Refereed Delegation of Computation) in Coinweb
The Refereed Delegation of Computation (RDoC) is a novel approach within the Coinweb ecosystem that aims to enhance efficiency, security, and interoperability in blockchain operations. Here's a brief overview of how it works: 1) Verification by Participants Traditional blockchains rely on consensus mechanisms where a majority of nodes participate in processing every computation. In contrast, RDoC allows any participant in the Coinweb network to verify the validity of information. Specifically, R
Over years, the need of parallel processing and decentralisation has been on the rise. Technologies like blockchains and secure multi-party computation (SPMC) have developed to solve these issues.
Blockchain enables a common ledger to be shared across decentralized networksSMPC is built for processing and computation within a trustless environment
Let’s talk about the principles of SMPC:
Information-Theoretic Security (ITS) based - a security that is cryptoanalytically unbreakableDistributed
CWAP is a new cross-chain decentralized exchange (DEX) that aims to revolutionize the way we trade digital assets. Similar to @THORSwap and @Chainflip, CWAP supports Bitcoin and a wide range of other blockchains. However, it introduces some key differences that set it apart from the competition. • Innovative Approach to Security Unlike traditional DEXs that rely on a blockchain with stakers and validators, CWAP uses collateralized smart contracts on the @CoinwebOfficial platform exploiting the m
Coinweb addresses several challenges present in the #Ethereum ecosystem, particularly around #Layer2 (L2) solutions and #cross-chain interoperability. Here’s how Coinweb tackles each of these issues: 1. Moving Tokens Between Layer 2 Networks Challenge: Moving tokens from one L2 to another often requires centralized bridge platforms and is complicated for the average user. For example, you cannot simply send tokens from Optimism to an Arbitrum address directly. Solution: Coinweb provides a uni