Waltonchain (WTC)

$0.451037 (4.03%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
176 $31,416,600.00 $5,188,400.00 69,654,100 WTC -- 4.03% 1.86% -$18.18

Exchange Pair Volume (24h) Price
OKEx WTC/USDT 1,728,789.00 0.4570000000
Binance WTC/BTC 715,482.00 0.0000388000
OKEx WTC/BTC 1,006,484.00 0.0000385000
Binance WTC/USDT 341,411.00 0.4555000000
Bithumb WTC/KRW 84,658.00 538.0000000000
Binance WTC/ETH 35,636.00 0.0011580000
LATOKEN WTC/BTC 108,855.00 0.0000386500
Binance WTC/BNB 7,817.52 0.0198200000
OKEx WTC/ETH 118,559.00 0.0011600000
P2PB2B WTC/BTC 48,645.00 0.0000386000
LATOKEN WTC/ETH 9,270.56 0.0011525000
P2PB2B WTC/ETH 88,460.00 0.0011570000
KuCoin WTC/BTC 10,253.13 0.0000380500
Atomars WTC/USDT 2,474.50 0.4555000000
Atomars WTC/BTC 5,006.61 0.0000387000
Atomars WTC/ETH 429.95 0.0011480000
Bitrue WTC/XRP 1,529,552.00 1.4880000000
Huobi Global WTC/USDT 175,941.00 0.4549000000
HitBTC WTC/BTC 408.41 0.0000381100
Bitrue WTC/BTC 370,972.00 0.0000386000
SecondBTC WTC/BTC 41,574.00 0.0000386000
Huobi Global WTC/BTC 55,617.00 0.0000386700
DragonEx WTC/USDT 191,160.00 0.4525000000
Huobi Global WTC/ETH 14,320.18 0.0011500000
Bitrue WTC/ETH 7,543.25 0.0011500000
AlterDice WTC/ETH 3,139.47 0.0011470000
AlterDice WTC/BTC 96,193.00 0.0000389000
Bitfinex WTC/USD 8.03 0.5111300000
ProBit WTC/KRW 1.68 535.0000000000
ZG.TOP WTC/USDT 4,932.30 0.4547000000
FinanceX WTC/VND 712.37 10,665.0000000000
OKEx Korea WTC/USDT 426.74 0.4410000000
Zebitex WTC/USDT 0.03 0.4374261500
Zebitex WTC/BTC 108.98 0.0000418800
Zebitex WTC/ETH 0.07 0.0012373300
Huobi Korea WTC/ETH 10.37 0.0011250000
Huobi Korea WTC/BTC 1.60 0.0000378600
ForkDelta WTC/ETH 11.32 0.0020040000

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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