Waltonchain (WTC)

$0.523118 (-4.6%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
134 $22,534,900.00 $2,854,910.00 43,078,100 WTC 53 -4.6% -1.84% $24.06

Exchange Pair Volume (24h) Price
Binance WTC/BTC 466,921.00 0.0000683000
Binance WTC/BNB 1,726.24 0.0328800000
Binance WTC/ETH 5,971.63 0.0034160000
KuCoin WTC/BTC 2,756.63 0.0000679100
Atomars WTC/BTC 1,702.11 0.0000684200
Huobi Global WTC/USDT 147,831.00 0.5027000000
Huobi Global WTC/BTC 69,870.00 0.0000684600
Bithumb WTC/KRW 28,869.00 593.0000000000
Bitrue WTC/BTC 86,793.00 0.0000684000
AlterDice WTC/BTC 54,457.00 0.0000682900
Bitrue WTC/XRP 41,035.00 2.2380000000
OKEx WTC/USDT 137,894.00 0.4940000000
OKEx WTC/ETH 80,021.00 0.0033600000
Huobi Global WTC/ETH 54,568.00 0.0034220000
AlterDice WTC/ETH 1,186.42 0.0033799900
Bitrue WTC/ETH 184.47 0.0034160000
BitAsset WTC/BTC 4,875.83 0.0000684500
Atomars WTC/ETH 68.84 0.0033883900
Dex-Trade WTC/BTC 413.23 0.0000682900
Dex-Trade WTC/ETH 2.73 0.0034257500
ZG.com WTC/USDT 1,280,408.00 0.4979000000
LATOKEN WTC/BTC 954,265.00 0.0000683000
ZG.com WTC/BTC 729,023.00 0.0000681200
LATOKEN WTC/ETH 371,603.00 0.0033860000
HitBTC WTC/BTC 80.02 0.0000671300
OKEx WTC/BTC 19,305.20 0.0000670000
CITEX WTC/BTC 54,551.00 0.0000683000
P2PB2B WTC/BTC 12,691.94 0.0000682000
P2PB2B WTC/USDT 23,820.00 0.5003000000
P2PB2B WTC/USD 24,743.00 0.5003000000
SecondBTC WTC/BTC 66,225.00 0.0000670000
SecondBTC WTC/ETH 14,313.21 0.0033900000
ZG.TOP WTC/USDT 5,607.54 0.5006000000
ZG.com WTC/ETH 1,394,328.00 0.0033200000
OKEx Korea WTC/USDT 0.00 0.4940000000
OKEx Korea WTC/ETH 0.00 0.0033600000
Livecoin WTC/BTC 212.23 0.0010586300
Bitfinex WTC/ETH 38.71 0.0035000000
Huobi Korea WTC/BTC 0.00 0.0000684200
Huobi Korea WTC/ETH 0.00 0.0034220000
CREX24 WTC/BTC 4.08 0.0000673000
COSS WTC/BTC 2.80 0.0000670000
Probit WTC/KRW 6.10 605.0000000000
P2PB2B WTC/ETH 2.84 0.0034190000
OKEx Korea WTC/BTC 0.00 0.0000670000
Idex WTC/ETH 0.00 0.0033700000
Bitfinex WTC/USD 55.91 0.5500000000
COSS WTC/ETH 0.00 0.0036000000
Livecoin WTC/ETH 0.00 0.0000000000
FinanceX WTC/BTC 0.00 0.0000628900
Bitcratic WTC/ETH 0.00 0.2000000000
FinanceX WTC/IDR 0.00 6,602.0000000000

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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