Digital Currency - Designed for the Web
JSEcoin is a consumer focused web platform built on top of a browser mined blockchain. We looked at the excessive power usage of traditional cryptocurrencies and created a way to use surplus resources, inside existing web browsers, to power blockchain technology. The live JSEcoin platform includes a suite of tools for webmasters to integrate cryptocurrency with their websites.
Our ambition is to create an energy efficient cryptocurrency mined by webmasters which is adopted globally by mainstream users.
All major cryptocurrencies currently rely on miners to carry out the cryptography hashing. Hashing is a mathematical equation that is carried out at large scale to secure a blockchain which is the underlying transaction database of a cryptocurrency. This process consumes huge amounts of computing power, server farms and electricity. Miners are rewarded for their efforts by the distribution of the currency.
By using surplus CPU power, huge energy and cost savings could be made over traditional cryptocurrency networks.