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At its core, CoinWeb serves as a cross-computation platform designed to facilitate interactions among various blockchains, offering significant advantages over traditional systems. CoinWeb is categorized as Layer 2 (L2) technology, enabling it to connect with multiple Layer 1 (L1) blockchains such as Ethereum, Bitcoin, Bitcoin Cash, and others.
Key Features of CoinWeb
- Cross-Chain Broadcasting System: CoinWeb allows the embedding of information into the L1 blocks it connects to, enabling seamless communication and data retrieval among different blockchain networks.