What is Waltonchain
The Walton digital currency (WTC) represents blockchain solutions on behalf of Waltonchain. Their target is matching online tags with physical products. The tagging system used is RFID, a universal method of putting digital labels on goods. Walton’s creators see that as an opportunity to combine their idea with the pre-existing supply and tracking networks. They become part of a universal process, verifying the authenticity of a product in a more transparent way. You can use Walton for storing value as well, just like BTC. Nevertheless, there is a maximum supply which is 100,000,000 WTC tokens.
In this Waltonchain review, I will show you all the details about what this project is all about, how it developed over time, how you could buy such tokens, where you can keep them and where you could get updated about the latest developments.
Advantages
One of the key features of the Waltonchain token is its support for cross-chain exchanges – every ledger-based swap between a child chain and the Waltoncoin is recorded. Further benefits include:
- Dividend-paying features
- Partners – massive companies with large capital to invest in Waltonchain
Disadvantages
The Waltonchain cryptocurrency is not perfect and a fact that attributes to this statement is that it’s not a totally open system – only verified and pre-approved parties can participate. Additional drawbacks include:
- Technology – not so outstanding and special
- Lack of transparency
History and Evolution
Walton was created in 2016. One year later, they started an ICO in September 2017, lasting for a month. The Waltochain token is named after the RFID technology creator Charlie Walton. He passed away in 2011 and the team of Waltonchain decided to honour his contribution in such memorable way.
The team is rich in pioneers pursuing chain integrations, internet of things and the core idea RFID technology. There you can meet the Korean and Chinese elite from different circles connected to business and investments. They work to achieve extended blockchain technologies to an Internet of Things heights. Why not become a superior force in the crypto technology world?
Waltonchain’s Future
Talking about future goals, the Waltonchain cryptocurrency has all the odds for being utilized to keep track of both clients’ data and products in the store. The desired result will lead to minimum costs in the manufacturing processes. One more future aspect is building suitable entries to the decentralized hub. Therefore, in 2019 the Blockchain RFID tags will be in mass production.
Waltonchain Blockchain
Walton uses a WPoC (Waltonchain Proof of Contribution) consensus mechanism. It helps the WTC token’s ecosystem to thrive. It is a combination of three elements: PoW (Proof of Work) + PoS (Proof of Stake) +PoL (Proof of Labor). The team involved work daily to further improve the project and create new extensions. Furthermore, they have their own hardware for development purposes, benefiting the already functioning user terminals, blockchain explorer and management tools. With all that in hand, Walton can steer the supplement of their tech base and ideas in the right direction.
How to get Waltonchain at exchanges
The preferred cryptocurrency for getting WTC coins in exchanges is BTC, but you can use ETH as well. The main place for that is Binance. However, in case you don’t possess any Bitcoins, buy some Walton with USD, but only in Ethfinex for now. For more info check the table below.
The price for this token has been experiencing sudden changes since its first-day trading back in 2017. One main reason for that were some Chinese news regarding government regulations and interference. Despite that, the Waltonchain token had a stable period of $20.20 (~0.0014 BTC). Unfortunately, by the time of this article was written it hit steady $11.00 (~0.0012 BTC).
| Exchange | Buy Waltonchain with: | Buy with Fiat Money: | |
|---|---|---|---|
| Bitcoin, Ethereum | – | Trade now | |
| Ethereum | USD | Trade now | |
| Bitcoin, Ethereum | – | Trade now |
Wallets for Waltonchain
In order to send, store and receive Waltons you require a digital tool known as a crypto wallet. For this token there’s an official one, which is compatible with Windows, iOS and Android. In addition, two of the best hardware wallet representatives Ledger Nano S and Trezor also support the WTC cryptocurrency. So, what is the official wallet of the Waltonchain token? Here are some details about it and how you could install it:
Alternative Wallets
Waltonchain tokens are not widely spread in the crypto world. It is not supported by many wallets other than the official one. Have a look at the list of compatible ones:
Desktop Wallets:
Mobile Wallets:
Web Wallets:
News
After having read the Waltonchain review, you can go on and check the latest news about this cryptocurrency. Although not one of the biggest players on the market, this cryptocurrency and its developers keep the crypto audience informed by posting news, announcements and general info on several social channels. Being active is something that the founding team doesn’t underestimate.
You can check the most recent announcements by visiting the Waltonchain official Twitter page