WTC Coin: Bridging Blockchain and Supply Chain
Introduction
WTC Coin, the native cryptocurrency of the WTC$ project, represents an ambitious effort to integrate blockchain technology with the Internet of Things (IoT) to revolutionize supply chain management. Named after Charlie Walton, a pioneer in RFID (Radio Frequency Identification) technology, WTC$ aims to create a transparent, traceable, and decentralized business ecosystem.
What is (WTC)$?
WTC$is a blockchain platform that merges RFID technology with blockchain to track products through every stage of the supply chain. By embedding RFID tags into goods and linking them to a blockchain ledger, the system ensures real-time tracking, transparency, and authenticity verification—key factors in combating counterfeit products and improving logistics.
Key Features of WTC Coin
1. Native Currency of Waltonchain:
WTC Coin is used for transaction fees, smart contract execution, and reward distribution within the Waltonchain ecosystem.
2. Proof of Stake & Trust:
The network uses a unique consensus algorithm known as Proof of Stake & Trust (PoST), combining traditional staking mechanisms with a reputation system that rewards trustworthy behavior.
3. Parent and Child Chains Architecture:
Waltonchain utilizes a multi-chain structure, with a main (parent) chain supporting independent sub-chains (child chains) for different applications or businesses. This architecture enhances scalability and customizability.
4. Integration with RFID:
RFID chips designed by WTC$ can communicate with the blockchain directly, allowing automatic and secure data logging.
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