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The JSECOIN Project

JSEcoin Limited is a UK registered business. We publish monthly accounts on our websites and these will be audited annually by an accredited independent UK accountancy company.

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. This process consumes huge amounts of computing power, server farms and electricity. The Bitcoin network for example currently consumes more power than the entire population of Ireland.

It is possible to carry out SHA256 and other encryption in a standard web browser or on a mobile device. By embedding a javascript snippet on a website all visitors to the website could carry out the hashing encryption process, which when combined at scale could replace the role of the miners. Website owners would then be rewarded by the distribution of the currency. We have estimated 1 in 15 people either own or have access to a website which provides a large distribution and potential client base.

By using surplus CPU power, huge energy and cost savings could be made over traditional cryptocurrency networks.

JSEcoin is mined using background resources within a web browser tab. The additional power consumption when the device is in use is miniscule. The CPU usage for our hashing algorithm is less resource demanding than the loading of a video advertisement. By using surplus CPU availability within the browser we can efficiently hash data at scale to secure the JSE blockchain.

In the future, all industries will need to move towards energy efficient technologies, including cryptocurrencies and fin-tech.


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