Waltonchain (WTC)

$0.750814 (0.31%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
102 $32,005,700.00 $2,069,250.00 42,628,000 WTC 64 0.31% -0.19% -$2.33

Exchange Pair Volume (24h) Price
Binance WTC/BTC 844,216.00 0.0000915000
Bithumb WTC/KRW 90,718.00 888.0000000000
Binance WTC/ETH 37,970.00 0.0041310000
Binance WTC/BNB 16,669.08 0.0408600000
KuCoin WTC/BTC 3,215.76 0.0000912000
Bitrue WTC/XRP 175,276.00 2.5880000000
Bitrue WTC/BTC 150,507.00 0.0000915000
Huobi Global WTC/USDT 126,260.00 0.7493000000
Huobi Global WTC/BTC 57,694.00 0.0000917600
Huobi Global WTC/ETH 95,387.00 0.0041450000
Bitrue WTC/ETH 1,103.72 0.0041310000
LATOKEN WTC/ETH 16,252.28 0.0041490000
OKEx WTC/BTC 13,916.76 0.0000910000
OKEx WTC/ETH 1,445.64 0.0041600000
BitAsset WTC/BTC 6,161.66 0.0000917400
OKEx WTC/USDT 5,317.60 0.7480000000
CREX24 WTC/BTC 94.45 0.0000906000
Atomars WTC/BTC 1,055.90 0.0000913900
Dex-Trade WTC/BTC 30.17 0.0000913900
Atomars WTC/ETH 23.85 0.0041871800
Dex-Trade WTC/ETH 0.68 0.0041871800
LATOKEN WTC/BTC 371,440.00 0.0000914000
HitBTC WTC/BTC 308.30 0.0000911900
CITEX WTC/BTC 59,804.00 0.0000913000
P2PB2B WTC/USDT 43,702.00 0.7479000000
AlterDice WTC/BTC 18,103.16 0.0000913800
P2PB2B WTC/BTC 20,810.00 0.0000915000
FatBTC WTC/ETH 10,413.81 0.0041940000
CITEX WTC/ETH 14,037.79 0.0041310000
AlterDice WTC/ETH 1,130.78 0.0041750100
P2PB2B WTC/USD 44,456.00 0.7465000000
SecondBTC WTC/BTC 78,971.00 0.0000910000
SecondBTC WTC/ETH 17,686.24 0.0041500000
ZG.TOP WTC/USDT 2,921.58 0.7451000000
Coinplace WTC/BTC 1,698.28 0.0000911900
Huobi Korea WTC/ETH 1.23 0.0041490000
Huobi Korea WTC/BTC 1.23 0.0000917100
Livecoin WTC/BTC 257.74 0.0004479100
OKEx Korea WTC/ETH 0.00 0.0041600000
OKEx Korea WTC/USDT 0.00 0.7450000000
P2PB2B WTC/ETH 59.57 0.0041730000
Bitoffer WTC/BTC 5,148.53 0.0000911000
DragonEx WTC/USDT 3,257.08 0.7600000000
Bitoffer WTC/ETH 106.08 0.0041650000
Hb.top WTC/CNYE 11.20 3.7000000000
Hb.top WTC/USDT 129,230.00 0.7273000000
Hb.top WTC/ETH 125,040.00 0.0040136600
Hb.top WTC/BTC 85,815.00 0.0000886400
OKEx Korea WTC/BTC 0.00 0.0000910000
Ethfinex WTC/USD 3.11 0.7242400000
Livecoin WTC/ETH 0.00 0.0000000000
Ethfinex WTC/ETH 3.12 0.0039573000
COSS WTC/BTC 9.61 0.0000920000
FinanceX WTC/IDR 0.00 9,554.0000000000
Allbit WTC/ETH 0.00 0.0036592800
FinanceX WTC/VND 0.00 14,593.0000000000
FinanceX WTC/BTC 0.00 0.0000784200
Allbit WTC/BTC 0.00 0.0000824200

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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