What is JSEcoin?

What is JSEcoin and how does it work?

JSEcoin (JSE) is a cryptocurrency (much like Bitcoin or Ethereum or Steem) started in 2017. However, what makes JSEcoin unique from Ethereum and Bitcoin is that JSEcoin is designed to use javascript to mine for coins.

The idea behind this javascript crytocurrency is to let website owners generate revenue via their users' browsers actually mining the coins. For some webmasters, JSEcoin could replace Google Adsense as a key source of revenue.

 

 

 

JSEcoin vs. Steem Coin

In fact, JSEcoin is more similar to the Steem cryptocurrency which also let's users earn money via the web. The difference between JSEcoin and Steem, is that Steem is designed to work with social media posts on Reddit, Medium, Facebook and the like, whereas JSEcoin is primarily intended for use on one's own website.

 How JSEcoin Works

SHA 256 and other encryption can be carried out using standard web browsers such as Firefox, Safari, or Chorme. When scaled to the billions of web browsers across the world, using browsers to complete the hashing process could, in theory, replace miners. JSEcoin utilizes an async javascript process that should not disrupt website performance or slow down the user experience.

Webmasters can place the JSEcoin javascript on their website and will be rewarded JSEcoins as their visitors browsers aid in the crypto encryption process. This may be a way for website owners to monetize their content and used instead of, or in conjunction, with typical display ads.

The javascript code for JSE is an embedded external javascript file. This code loads after the page has finished loading to avoid harming performance or SEO. Since JSEcoin depends on wide adoption by webmasters, it seems clear why they are focused on ensuring JSEcoin has no negative effect on search engine optimization (SEO).

Privacy

JSEcoin seems to recognize the importance of privacy and intends to have website owners tell their end users their website is monetized using encryption. This actually appears to be a built in function in that the current script includes a banner near the bottom of the site that informs the visitor that the site is monetized using JSEcoin.

History of JSEcoin 

JSEcoin was created in 2017 with the launch of the JSEcoin beta platform in August. The proof of concept was proposed in July of 2017. The founders of JSEcoin are James Bachini, David Mallet, John Sim, and Tracey Howard. 

The JSEcoin founders envision an initial 2 year funding requirement of approximately £1m. This includes office rent, cloud computing, developers, advertising, accounting and other expenses. Later stage funding may be generated by listing on AIM as public currency, providing data for ad exchanges, and retaining an amount of JSEcoin cryptocurrency for their own accounts.

JSECoin Total Distribution 

Total JSEcoin distribution will be 10 - 100 million. The co-founders each retain 100,000 JSE and the company retains an additional 100,000. Total distribution will be set closer to launch in 2018.

How to Get JSEcoin (JSE) 

JSE can be earned either by placing a script on a website and receiving credits for visitors completing hashes or through traditional mining. However, JSEcoin initially disabled the user-mining feature to allow their developers to catch up to the growing user base. 

You can also get free JSEcoin by signing up here and then referring others.

Risks of JSEcoin

The founders of JSEcoin envision several potential risks. Among these are hackers, risks associated with bitcoin price, legislation of cyrptocurrencies, brand trust, liquidity, and fraud. 

To address these risks JSEcoin has put in place several security measures. For example, multiple blockchains should help prevent double spending as will account blocks. To prevent chain attacks, the seed to peer structure will need to be designed to prevent this. Lastly, to avoid webmasters modifying the code and creating high powered hashing hardware, algorithms will need to be created to reward impressions as well as hashing.

The JSE Coin Team

 

James Bachini - Cofounder

James Bachini is a co-founder of JSEcoin Ltd. and has previously worked as a Director for Media Cambridge, HC Traffic Ltd., and Jet Internet Marketing.

John Sim - Cofounder

John Sim is a co-founder of JSEcoin and Head of Developments. He is self described as having " a wealth of experience in big data"

David Mallett - Cofounder

David Mallet is a co-founder of JSEcoin and "cryptocurrency consultant".

Tracey Howard - Cofounder

Tracey Howard is a co-founder of JSEcoin and is a "finance specialist in charge of accounts and funding".

Get FREE JSEcoin here

 

For more information on JSEcoin see their whitepaper here.