As a beginner in the cryptocurrency world it is easy to sometimes get lost in the high volume of information.
That is why I love this short video created by COINWEB which explains in a very simple way their place in the market and their amazing vision.
-Coinweb is pushing the boundaries of blockchain interoperability. Coinweb is a blockchain platform that works between several independent blockchains. The blockchains attached to the platform can interact with each other through Coinweb's platform. This is due to the inchain technology developed by Coinweb.
-It does not matter what consensus mechanism, token protocol or other rules the blockchain uses. Coinweb ensures that the platform can read the data from a blockchain and convert it to the standards and protocols of the blockchain where the data is to be delivered.
-By means of Coinweb, it will be possible to send tokens across different blockchains. This is not normally possible, as each blockchain has its own token standard. For example, Ethereum uses ERC20, while the Binance Smart Chain uses the BEP20 protocol. Therefore, you cannot send USDC tokens over Ethereum.
-Coinweb ensures that tokens are converted to other standards, making it possible for users to send an asset to other blockchains.
Their innovative platform seamlessly connects multiple blockchains, allowing for greater scalability, speed, and flexibility. Whether you're a blockchain enthusiast or a tech explorer or a crypto beginner, COINWEB aims to make it easier for you and that is why I appreciate this project so much. They help you be a part of it. COINWEB BRINGS POWER TO THE PEOPLE!
Source: www.coinweb.io
