. What is WaltonChain (WTC)? Here is the Crypto Currency WTC Coin in All Details – In this article, we will give you the answer to the question of What is WaltonChain (WTC) and try to provide details about the project.
What is WaltonChain (WTC)?
WaltonChain aims to create a blockchain infrastructure that uses radio frequency identification (“RFID”) technology to facilitate the development of the Internet of Things (“IoT”).
Users can create various sub chains according to their needs. The platform aims to provide authentic, leak-proof and time-stamped data (including property ownership data, commodity flow data, etc.).
Waltonchain adopts a hybrid consensus mechanism with Proof of Work and Proof of Stake.
The WTC token is used for governance, staking and gas fee payment for simple token transactions and smart contract applications.
How WTC Token Works
The Internet of Valuable Things (VIoT) concept is a feature that is a combination of RFID chips and blockchain technology.
This is the connection and interaction of objects or devices with data or computing systems through sensors and actuators. This means that a device such as a car can communicate with another car to improve its efficiency on the road, as well as transmit data that can be accessed remotely.
This is the basic idea of self-driving cars. Waltonchain is therefore on the verge of revolutionizing data-driven decision making through the digitization of machines, tools and other elements of the physical world that have great potential to create value for the global economy.
The economic analysis states that the full realization of (VIoT) will contribute more than $ 14 trillion to global GDP by 2025. This analysis thus proves that Waltonchain is in a global success trajectory.
Proof of Guarantee and Trust Mechanism
Waltonchain uses the Proof of Stake and Trust (PoST) mechanism to add new blocks to the blockchain, which rewards coin holders with new coins. The reward amounts are based on an algorithm that includes the number of tokens and (trust) each determined by the system. This is similar to the Proof of Stake (PoS) mechanism as it rewards current token holders with Waltoncoin dividends.
How to Buy and Store WTC?
WTC is available on different platforms and is easily accessible whether you have existing cryptocurrencies or not. If you’ve already invested in cryptocurrency, Bitcoin (BTC) or Ethereum (ETH) offers the best way to buy WTC. Simply access any existing exchange platform such as Binance and trade the coins you have for WTC.
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