Home » Blockchain » What is Waltonchain (WTC) coin and how does it work?

What is Waltonchain (WTC) coin and how does it work?

by Financial Economy

Waltonchain combines blockchain with IoT (especially RFID) to create a management system for supply chains. The project is named after Charlie Walton, the inventor of RFID (Radio frequency identification) technology and a pioneer in space. The native cryptocurrency of the platform is WTC token. Information about some topics that what is Waltonchain (WTC) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for infomation about Newscrypto coin (NWC).

What is Waltonchain (WTC) coin and how does it work?

Waltonchain uses RFID identification to track products at every stage of production and distribution. The data associated with each item is stored in an immutable blockchain, which ensures the accuracy of the transaction no matter where it is located.

Waltonchain uses the concept of the Internet of Things to describe the combination of custom RFID chips with blockchain technology. Using RFID tags, blockchains can now store physical items (or at least their data presentation) on-chain.

Waltonchain purpose!

The main goal of the Waltonchain project is to describe the combination of custom RFID chips with blockchain technology. By using Waltonchain RFID tags for this, which uses the concept of IoT, the Internet of Things, blockchains can now store physical items on the chain.

Aiming to create a brand new business ecosystem based on the organic integration of Blockchain and Internet of Things, Waltonchain provides all the information needed to know through a simple scan of RFID tags.

Waltonchain coin review!

Waltonchain uses its own Evidence and Trust (PoST) consensus for the ecosystem. PoST attracts attention in the crypto money world with its Proof of Stake (PoS) similar structure, as it rewards token holders (nodes) with WTC dividends.

WTC coin advantages and disadvantages!

Waltonchain (WTC) Token benefits include:

  • It provides protection against forgery through RFID identification.
  • It allows decentralization without the need for trust.
  • It is economical to use with low labor costs.
  • Thanks to its staking feature, it offers passive income to its investors.
  • Anyone using Waltonchain technology can create their own subchain and own their own tokens.

Waltonchain (WTC) Token disadvantages include:

  • As with other cryptocurrencies, the WTC token may experience sudden drops or rises due to high volatility. Therefore, investing in WTC tokens is a risky investment.
  • WTC tokens held on exchanges may be at risk of cyberattack.

Which exchange is WTC coin avaliable on?

WTC coin is listed on some cryptocurrency exchanges such as Binance, OKX, KuCoin, Huobi Global, HitBTC, etc.

How to buy WTC coins?

Waltonchain coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

WTC coin supply!

Total supply of WTC coin is 84.846.553 WTC.

WTC coin price!

As of April 14, 2022, at the time of the writing, 1 WTC coin price is around $0,47 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment