The Coinweb Protocol is now in Mainnet
We’re excited to announce that Coinweb’s Mainnet is officially live as of September 30, 2024!
What does this mean?
With Coinweb’s Mainnet, we’re introducing unprecedented scalability and cross-chain interoperability, allowing developers to build dApps that aren’t confined to a single ecosystem but can operate across multiple blockchains simultaneously. No more fragmented ecosystems—now networks like Bitcoin, Ethereum, and others are seamlessly connected on our robust Layer-2 platform.
The Impact
More than 40 projects are already developing on Coinweb, spanning DeFi, NFTs, gaming, and more. This launch isn’t just a technological achievement, it’s the dawn of a new era in Web3. Coinweb has been designed to solve some of blockchain’s biggest challenges: scalability, interoperability, security, and decentralization.
A Unified Future
Coinweb isn’t just another blockchain project; it’s the unification layer for a connected blockchain future. Developers can now create cross-chain solutions that interact seamlessly between blockchains and serve as an app layer for native applications on our L2. This opens new possibilities for dApps that would have been impossible within the constraints of individual chains.
A Growing Ecosystem
The 40+ projects building on Coinweb range from DeFi protocols to NFT platforms and decentralized games. This ecosystem is growing rapidly, showing the demand for a platform that enables innovation across multiple chains.
Security and Decentralization
Security and decentralization are foundational to Coinweb’s design. Our unique architecture relies on the consensus mechanisms of the underlying chains, ensuring top-tier security and full decentralization, even as we scale.
A Game-Changer for Blockchain
Coinweb’s Mainnet is a game-changer. Developers now have the freedom to build dApps that work across multiple chains, eliminating the traditional silos of blockchain ecosystems. And with support for over 40+ programming languages via WebAssembly, innovation is set to explode in areas like DeFi, gaming, and identity solutions.
Imagine moving assets, data, or identities effortlessly across chains—this is the future we’ve built, and it’s now a reality with Coinweb.
What’s Next?
The launch of Mainnet is just the beginning. We’ve laid the foundation for a truly interoperable future where blockchain networks work together. With new projects, partnerships, and innovations on the horizon, we’re just getting started.
The network has undergone a resynchronization from Beta Mainnet to Mainnet, completed before the official launch. Native CWEB tokens in the Coinweb wallet are now on the official Mainnet, with no action required from users.
Staking Continues
Our staking program will run for at least the next three months, allowing users to continue staking. As we prepare more ways to put tokens to work—such as using them as collateral in cross-chain DEXs or for LP synthetic assets—those who continue staking will have early access to these opportunities.
Coinweb Mainnet’s First dApp: CWAP SWAP
The first dApp built on Coinweb’s Mainnet is CWAP SWAP, a revolutionary cross-chain DEX. CWAP SWAP does not rely on off-chain infrastructure like its competitors, enabling native BTC swaps with up to 90% lower costs when swapping between native L1 and L2 assets, including ETH tokens.
Coinweb’s Mainnet infrastructure is disrupting the digital asset landscape by bringing decentralized swap costs in line with centralized exchanges.
Live Testing Invitation
Both the Coinweb and CWAP SWAP teams invite the community to partake in live testing on Thursday, 3rd October 2024, at 5 pm CET (11 am EST, 4 pm BST).
L2 Staking Rewards Update
As promised, staking rewards will be available around Mainnet launch, and within 7 days of 1st October 2024, we’ll provide details on how L2 staking rewards can be withdrawn. This feature has been enabled by the Mainnet launch and is currently in testing.
Final Note
With many dApps launching on Coinweb in the coming months, we want to take a moment to thank our community for their ongoing support. It’s been an incredible journey, but in many ways, we’re only just getting started!