⭐Good to Know

About Web3Chain, Mining, and Proof of Web3 (PoW)

Web3Chain, the core component of the Web3Coin ecosystem, is designed for three main purposes: Security, scalability, and speed. In this context, Web3Chain is intended to be able to handle millions of transactions at the same time in a fast and secure manner.

Web3Chain

Web3Chain continues to be developed by Web3Coin with engineers and scientists since 2019. The Proof of Web3Coin concept includes unique and innovative solutions such as the Hybrid Mining System. The combination of these innovative technologies and models aims to eliminate the fundamental problems that are hindering the widespread adoption of Web 3.0.

Web3Chain is the core component of an entire ecosystem in which core applications work in an integrated way and forms the infrastructure of the ecosystem. The main solutions developed by Web3Coin will form part of the ecosystem on the first day of the blockchain network rollout, and Web3Chain will have its own ecosystem.

Web3Coin planned and designed Web3Chain and the ecosystem built on it before it started development, proactively identified future user needs, and gathered all the necessary technical knowledge and infrastructure. It offers a fast, secure, and scalable ecosystem with blockchain technology-based products by bringing together end-to-end solutions, from the daily needs of individuals to the most complex problems of corporate structures, in a decentralized and integrated manner. Web3Chain is designed with all scenarios in mind, including the applications that will run on it, the integrations that developers will make, and the increased utilization rates of blockchain technology.

Our main goal is to create a unique culture with Web3Chain native application sand lead the way for blockchain technology to complete its 'human-centered evolution, by taking the end-users suggestions in all the stages where the ecosystem takes shape.

Let's get to know this ecosystem better

Proof of Web3 (PoW), or Hybrid Consensus Mechanism, is the originalWeb3Chain solution that incorporates Web3Anthill technology and the MPoS, MPoH, and MPoSW consensus mechanisms. The Proof of Web3 consensus mechanism sends all incoming transactions to Web3Miner, MacroMiner, andMicroMiner, which are part of the hybrid mining system, with 'intelligent load optimization' so that thousands of transfers can be audited and processed in the same second. If approved, the transactions whose control is completed, are processed into blocks and published on the network, and synchronized by all nodes.

MPoH: Web3 Proof of History is a protocol developed by Web3Coin that proves the order in which transactions occur on the blockchain and whether transactions are proceeding correctly. Web3Coin Proof of History also ensures that the network runs fast while maintaining the security of the blockchain network.

MPoSW: Web3 Proof of Social Work, developed by Web3Coin, allows the user to check the transactions reaching the blockchain and quickly approve or reject them, as well as provide guidance by answering questions about the ecosystem and contributing to the ecosystem in a social sense.

Web3 Virtual Machine (WVM)

Web3 Virtual Machine (WVM), with its unique consensus structure and high-speed communication and synchronization capability between nodes, enables fast transfer confirmation in addition to all the security and compliance provided by EVM (Ethereum Virtual Machine).

In the Proof of Web3 consensus mechanism, all incoming data is queried instantly. For transactions that interact with the smart contract, the transaction is processed without going through the txpool front layer. (Web3Anthill)

Although TPS is a measure of speed, it may not be correlated with certainty. A chain may have high TPS based on a reasonable description of transactions, but it may take longer to establish certainty based on TPS and TCPS. TransactionCheck Per Second (TCPS), on the other hand, checks transactions instantly and declares their preliminary acceptance or rejection. With a brand new approach, Web3Chain optimally sustains the factors that other networks today have to sacrifice with scaling solutions, thanks to the Web3Miner, MacroMiner, MicroMiner components that make up the consensus structure and Web3Anthill technology. In the optimal hardware and network topology, block time is <5 seconds and node synchronization is instantaneous. In tests with 19 nodes, it was possible to control and accept more than 700,000 transfers per second. In the calculations, as long as TCP (Transmission Control Protocol) support is provided, it is theoretically possible to reach up to 3.3 million transactions per second.

Mining system

The unique hybrid mining system allows the human factor to directly contribute to the ecosystem and drive it. In this context, mining options are offered with 3 different roles called Web3Miner, MacroMiner, and MicroMiner, each has its own decision-making mechanisms that contribute to the ecosystem.

It provides security by maximizing the blockchain structure to the maximum level of decentralization with Web3Miner, MacroMiner, and MicroMiner. Thanks to its hybrid structure, PoM, unlike other networks, joins the solution to the blockchain trilemma to the participation and direction of all users, and decentralization takes its place at the focal point.

Thanks to the multi-platform supported developments, the advantage of device diversity is provided so that maximum performance can be obtained from all devices, from servers, computers, and mobile devices. As soon as a transaction request comes into the network, the transaction is detected and pre-checked in Web3Anthill on the corresponding node. After the control, synchronization between the nodes is ensured by realizing consensus according to the type of operation. This architecture enables transaction control and acceptance within milliseconds.

Web3Miner

Miners that operate with the MPoS consensus mechanism.

MacroMiner

Miners that operate with the MPoH consensus mechanism.

MicroMiner

Miners that operate with the MPoH consensus mechanism.

Web3Miner undertakes the task of confirming and archiving the transactions in the block that comes in the formation of the chain structure of the network, as well as the 'Signer', which creates the unchangeable structure of the blocks. The user who wants to take the role of Web3Miner, the highest level stakeholder of Hybrid Mining, stakes a specified number of W3Bs and makes the W3B payment in return for the annual rental amount. Then, a ready-to-use node is provided by Web3Coin and the user who assumes the role of Web3Miner has full control over the node she/he owns. She/he can manage her/his server through the administration panel and can disable the service whenever she/he wants to terminate it.

MacroMiners are miners who undertake the task of expanding the decentralized and distributed structure of Web3Chain, checking signatures, controlling and backing up the blockchain, and meeting the hardware needs for integrated ecosystem applications.

Desktop application for MacroMiner; It has been designed in a structure where everyone can easily contribute to the ecosystem and perform mining operations with its easy installation, multi-operating system support, and minimum hardware requirement.

As one of the most important parts of the human-centered blockchain structure, MicroMiner creates a direct connection between the Web3Coin ecosystem applications and the user, beyond the systemic transfer control task.

Each MicroMiner is positioned as a mobile node. These mobile nodes allow the user to be included in the system. In this fiction; Users who know and understand Web3Chain and make social contributions to its vision are kept together and in constant communication. The MicroMiner system undertakes the task of providing social interaction as well as managing the Web3Coin ecosystem by users. Improvements to Web3Chain and other parts of the ecosystem are driven by the votes of MicroMiners. The only thing that the user who wants to be MicroMiner has to do is to download the Web3Coin mobile application and activate the MicroMiner feature from the relevant panel.