About Waltonchain (WTC)
Waltonchain Coin is the native cryptocurrency of the Waltonchain blockchain, a public blockchain designed for enterprise-level applications with an emphasis on the Internet of Things (IoT) and tracking radio-frequency identification (RFID) data for supply chain purposes. Waltonchain Coin is denominated by the ticker $WTC.Ā Ā
Waltonchain employs a proprietary Waltonchain Proof-of-Contribution (WPoC) consensus mechanism that combines components from Proof-of-Work (PoW), Proof-of-Stake (PoS), and Proof-of-Labor (PoL). The PoS and PoW components of the WPoC consensus act as Sybil control mechanisms and prevent the risk of 51% attacks.Ā
Waltonchain enables developers to create sidechains off the mail Waltonchain. These sidechains can operate independently of the main chain and use their consensus mechanism to improve scalability while maintaining its purportedly sharing of the security of the main chain.Ā
The PoL component of Waltonchain's consensus mechanism is responsible for data transmission and token exchange between various parent chains, child chains, and cross-child-chain nodes. This cross-chain data transmission is the extraction of hashes based on data features and storage on the parent chain in the future, allegedly facilitating the search for and authentication of data on the Waltonchain network. Furthermore, cross-chain token exchange occurs via an atomic swap ledger that records every transaction between child and parent chains.
Waltonchain is partnered with Blockcloud, MitoQ, Kaltendin, and other notable organizations. The Ethereum ERC-20 token WTC powers the Waltonchain network. The live price of Waltonchain price is updated and live-tracked on Binance in real time.