Waltonchain (WTC)

$1.40866 (-1.54%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
79 $59,415,600.00 $3,019,240.00 42,178,800 WTC 57 -1.54% -1.34% $21.69

Exchange Pair Volume (24h) Price
Binance WTC/BTC 1,117,881.00 0.0001380000
Bitoffer WTC/BTC 819,606.00 0.0001380000
Bitoffer WTC/ETH 256,561.00 0.0075150000
Binance WTC/BNB 16,128.89 0.0514000000
Binance WTC/ETH 33,805.00 0.0075150000
BitAsset WTC/BTC 11,126.30 0.0001380900
Ethfinex WTC/USD 444.39 1.3934000000
Bitrue WTC/XRP 98,748.00 5.2910000000
Huobi Global WTC/USDT 326,301.00 1.4004000000
Bitrue WTC/BTC 5,390.23 0.0001383000
Huobi Global WTC/BTC 111,092.00 0.0001382100
Huobi Korea WTC/BTC 460.03 0.0001375900
Hb.top WTC/USDT 223,210.00 1.3937000000
Hb.top WTC/ETH 212,445.00 0.0074821800
HitBTC WTC/BTC 456.88 0.0001387700
OKEx WTC/USDT 17,489.85 1.3920000000
Huobi Global WTC/ETH 71,026.00 0.0075390000
Hb.top WTC/BTC 150,055.00 0.0001373900
P2PB2B WTC/BTC 18,785.30 0.0001379000
Bitrue WTC/ETH 1,128.61 0.0075150000
Whitebit WTC/BTC 7,212.85 0.0001382000
OKEx WTC/BTC 6,478.02 0.0001370000
OKEx WTC/ETH 3,697.83 0.0074700000
KuCoin WTC/BTC 3,145.82 0.0001379700
Whitebit WTC/ETH 1,083.86 0.0075150000
Atomars WTC/ETH 24.76 0.0075096500
Dex-Trade WTC/ETH 0.71 0.0075096500
LATOKEN WTC/BTC 1,002,495.00 0.0001381000
LATOKEN WTC/ETH 128,221.00 0.0075480000
P2PB2B WTC/ETH 335.87 0.0074360000
P2PB2B WTC/USDT 44,457.00 1.4029000000
P2PB2B WTC/USD 45,049.00 1.4029000000
Huobi Korea WTC/ETH 460.45 0.0075220000
ZG.TOP WTC/USDT 5,409.90 1.4023000000
SecondBTC WTC/BTC 100,342.00 0.0001370000
AlterDice WTC/BTC 37,911.00 0.0001382100
SecondBTC WTC/ETH 18,077.93 0.0075000000
AlterDice WTC/ETH 2,123.73 0.0075149900
Allbit WTC/BTC 1,808.12 0.0001380000
Allbit WTC/ETH 1,728.32 0.0075311100
Bithumb WTC/KRW 696,106.00 1,695.0000000000
Coinplace WTC/BTC 2,692.82 0.0002821700
Livecoin WTC/BTC 325.61 0.0004014100
Hb.top WTC/CNYE 10,237.36 12.7070000000
CREX24 WTC/BTC 233.57 0.0001361000
CITEX WTC/BTC 59,006.00 0.0001350000
CITEX WTC/ETH 20,759.00 0.0075510000
Livecoin WTC/ETH 0.00 0.0000000000
Ethfinex WTC/ETH 96.12 0.0069431000
Probit WTC/KRW 1.86 2,245.0000000000
Atomars WTC/BTC 0.00 0.0001248500
Dex-Trade WTC/BTC 0.00 0.0001248500
FinanceX WTC/BTC 0.00 0.0001394600
FinanceX WTC/IDR 0.00 21,382.0000000000
FinanceX WTC/VND 0.00 34,074.0000000000
ForkDelta WTC/ETH 3.22 0.0070100200
Atomars WTC/USDT 0.00 1.9665440000
Dex-Trade WTC/USDT 0.00 1.9665440000

Background

The Waltonchain Foundation initiated the project in November, 2016 and the main net launched March 31, 2018. The project is named after Charlie Walton, the inventor of Radio Frequency Identification (RFID) technology and is also an acronym for Wisdom Alters Label Trade Organization Network. Waltonchain uses RFID to track products along the supply chain and store the accompanying data in a trust reduced public ledger. Waltonchain competes with another Chinese company, VeChain, that is looking to solve similar issues in supply chain management. Waltonchain uses an ERC-20 token WTC, that is used to create side chains, provide dividend interest and to operate as a credit instrument. These side chains can operate independently of the main chain with their own consensus mechanism to improve scalability while retaining security of the main chain. Dividends are paid to Masternodes whose main function is to validate transactions, secure the network and enable governance mechanisms. In order to operate a masternode, 5,000 WTC are needed to be posted as collateral to disincentives attacking the network. In addition to regular masternodes, there are Guardian Masternodes that provide proof-of-work to the system and then share the rewards from a separate pool of token rewards. The amount of WTC distributed to these masternodes is a function of the amount of work that is contributed, and there is a maximum of 15 Guardian Masternodes on the network. Waltonchain foundation also recruited 99 Super Master Nodes worldwide to “mobilize the global community for incubation and selection of high quality child chains.” The Foundation invested 10 million WTC to establish the Waltonchain Global Ecosystem Incubation Fund to be used for child chain incubation and Super Master Node recruiting. [1]

Technology

According to the most recent whitepaper released in 2018, Waltonchain will use a Waltonchain Proof of Contribution (WPoC) consensus mechanism which includes three different components Proof of Work, Proof of Stake and Proof of Labor. PoS and PoW function as sybil control mechanisms and prevent the risk of 51% attacks. Proof of Labor is a new consensus mechanism for data transmission and token exchange between various parent chain, child chain and cross-child-chain nodes on the Waltonchain network. This cross-chain data transmission is the extraction of hashes based on data features and storage on the parent chain making it convenient to search for and authenticate data in the Waltonchain network in the future. In addition, cross-chain token exchange occurs via a ledger based on atomic swaps and records every transaction between child chains and the parent chain. The smart contract language supported by Waltonchain is Turing complete which facilitates complex business logic and applications. However, since smart contracts will run constantly and independently on all nodes, it is expensive in terms of both computation and storage. To solve this, the Waltonchain Foundation set up the unique Data Pattern for Smart Contracts which keeps the logic simple, reduces Gas consumption, standardizes operations and provides output data in standard formats (e.g. Json). They also designed and built a number of smart contract libraries where smart contracts can be queried, invoked, and reused via the event function index. After obtaining the relevant standard data file, data interaction between an application and other child chain systems can be achieved.



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