Waltonchain price is $0.01183325
Today, the current price of Waltonchain (WTC) is around $ 0.01183325, with a 24-hour trading volume of approximately 0.1M. Over the last 24 hours, its price has decreased by about -8.10%. With a current market cap of $ 0.3M, Waltonchain ranks at #3206 among all cryptocurrencies.
Waltonchain is a cutting-edge business ecosystem that merges the Internet of Things (IoT) with blockchain technology to foster transparent data sharing and create full traceability. By utilizing RFID (Radio Frequency Identification), Waltonchain can develop a sophisticated management system for supply chains. Such systems are extremely crucial in today's complex and globalized logistics processes, which often involve multiple disparate parties. The purpose of Waltonchain is to streamline these processes, ensuring efficient, transparent, and secure coordination between all involved parties.
Named after Charlie Walton, the inventor of RFID technology, Waltonchain stores and ensures the accuracy of data associated with each item in the production and distribution process on a tamper-proof blockchain. This amalgamation of technologies presents a novel approach to tackling the prevalent inefficiencies in supply chain management and IoT.
Waltonchain was co-founded by Do Sanghyuk and Xu Fangcheng, both of whom have extensive experience in supply chain management. Do Sanghyuk served as the Director of the Korean Standard Products Association, while Xu Fangcheng was previously the Supply Chain Management Director of Septwolves Group Ltd.
Additionally, the team is advised by Chief Scientist Advisor Kim Sukku, the former vice president of Samsung. Waltonchain has also secured numerous partnerships, notably with several Chinese provincial governments.
Waltonchain primarily operates on the Proof-of-Stake & Trust (PoST) consensus mechanism, a novel method that combines the traditional Proof-of-Stake (PoS) model with a reputation-based system. This innovative PoST mechanism caters to an adjustable difficulty level for each node, thereby rewarding ecosystem integrity.
As an added flexibility, Waltonchain also allows sub-chain developers to choose their preferred consensus mechanism. For instance, a sub-chain may operate solely based on the PoS mechanism, bypassing the PoST.
This unique architecture combined with RFID technology form the backbone of Waltonchain's innovative approach in solving supply chain management and IoT inefficiencies.
Currently, the circulating supply of Waltonchain (WTC) coins stands at around 29.2M, against a total supply of 70.0M.
Waltonchain (WTC) can be traded on several cryptocurrency exchanges, but make sure it's one of the Binance, Huobi.pro, Huobi where it's currently being traded. Recent changes in regulatory environments have led some exchanges to delist certain coins, so do ensure that the chosen platform supports Waltonchain.
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