WebDollar’s mission is to foster the mainstream adoption of cryptocurrency by creating the simplest user experience:
• No installations • No downloads • No account creation or complicated configurations. • Wallet is created automatically and stored locally
WebDollar uses a Non-Interactive Proofs of Proof of Work (NiPoPoW) consensus mechanism, which reportedly achieves trustlessness without requiring the download of the entire blockchain history – only the hardest proofs and blocks distinguish attackers from honest nodes (miners), which helps to validate the correct blockchain. The goal is to allow users to access the blockchain for mining from any device. WebDollar reportedly offers a hybrid browser mining, where blocks are mined with a hybrid algorithm using 66,(6)% PoS and 33,(3)% PoW which is ASIC-resistant and features a GPU-unfriendly hash function, Argon2d.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.