Algorithm

Cryptos:

2,117

Exchanges:

10

Marketcap:

$2,243,771,578,670

Volume 24h:

$34,180,051,536

Chainweb

Rank #52

$259,831,103

0

1

Winners (undefined)%

24H

Losers (undefined)%

Rank

52

Assets

1

Marketcap

$259,831,103

Volume 24h

$4,917,017

Losers

1

Overview
Assets

$259,831,103

Marketcap

$4,917,017

Volume

52

Rank

0

Winners

1

Losers

N/A

Change 24h

N/A

Change 7d

1H

-0.170

%

1D

0

%

1W

0

%

1M

-37.59

%

2M

-10.67

%

3M

-2.00

%

6M

120.65

%

1Y

23.54

%

About Chainweb

Chainweb is a novel consensus algorithm that was developed by the blockchain startup, Kadena. Kadena is a blockchain company that is focused on solving the scalability and security issues that have plagued previous blockchain technologies.

The Chainweb algorithm is designed to create a more secure and scalable blockchain network by utilizing a unique architecture that includes multiple chains. Each chain in the network is connected to other chains, creating a "web" of interconnected blockchains.

This web-like structure of the Chainweb algorithm allows for a high degree of parallelism and improves the speed of transaction processing. The algorithm uses a proof-of-work consensus mechanism that relies on multiple mining algorithms to enhance security and prevent centralization.

One of the most unique features of the Chainweb algorithm is its ability to isolate and contain any malicious activity to a single chain. This helps to prevent the spread of malicious activity to the entire network and enhances the security of the blockchain.

The Chainweb algorithm is designed to be scalable and able to handle a large number of transactions without sacrificing security. The network can handle up to 10,000 transactions per second, making it one of the fastest blockchain networks in existence.

Overall, the Chainweb algorithm is a promising development in the world of blockchain technology. It addresses many of the key challenges that have plagued earlier blockchain systems and offers a more secure, scalable, and efficient solution.

If you're interested in learning more about the Chainweb algorithm or the Kadena blockchain platform, be sure to check out their official website and whitepaper.