What is Waltonchain (WTC)? $WTC

Waltonchain is a cryptocurrency project that aims to merge blockchain technology with the Internet of Things (IoT) and Radio Frequency Identification (RFID). Its main objective is to create a reliable and transparent ecosystem for supply chain management, enabling traceability and the integration of physical assets into the blockchain.

The name "Waltonchain" pays homage to Charlie Walton, the inventor of RFID technology. The native cryptocurrency of the network is WTC.

Technology and Functionality

Waltonchain develops and produces RFID chips that can generate their own random identification hashes. These hashes are simultaneously uploaded to the blockchain through RFID readers. This allows for:

-Anti-counterfeiting: Ensuring the authenticity of products.

Traceability: Tracking products throughout the entire supply chain, from origin to the end consumer.

Efficient Management: Improving operational efficiency in various use cases, such as high-end clothing identification, food and medicine traceability, and logistics.

Initially, the WTC token operated as an ERC-20 token on the Ethereum blockchain, but Waltonchain has developed its own main blockchain (mainnet).

Purpose of the WTC Token

The WTC token has several utilities within the Waltonchain ecosystem: Creation of Subchains: It is used to create subchains that can be customized for different companies or industries within the supply chain.

Staking Rewards: Participants can stake their WTC tokens to secure the network and receive rewards.

Medium of Exchange: It serves as the primary form of value exchange within the network.

Transaction Fees: It is used to pay for transaction fees on the network.

History and Current Performance

Waltonchain was co-founded in 2016 by Do Sang Hyuk and Xu Fangcheng, and its mainnet was launched in 2018.

Continued in the next post

$WTC