@Harpal Grover: 
Actually there might be a solution right now. You can use Native Client 
SDK<http://code.google.com/chrome/nativeclient/>to develop a C++/C application 
which runs in the browser.  The application 
will be compiled to a binary and then transmitted to the client/browser 
where it is executed in a sandbox. It is still possible to use 
a Dis-assembler in order to figure out the algorithm however it is much 
harder than obfuscated javascript code.
However until now NaCl is only supported in Chrome. 

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