Review on Waltonchain by francis fernandez
Waltonchain - A Vital Tool for Supply Companies
Waltonchain is a digital portal that uses the native WTC currency designed under an infrastructure that combines the blockchain protocol with the Internet of Things (LoT) technology to track devices and products in the supply chain from their origin to their arrival to the consumer.
This platform represents a very important tool for production companies as they can make use of blockchain technology and radio frequency RFID technology to obtain information on their products at any point in the supply chain, with access to the complete history of their articles, using the information stored on your chip.
What is Waltonchain technology based on?
Waltonchain uses its parent blockchain to execute its operations in a layered way. Its network uses the asymmetric encryption algorithm synchronized with RFID technology to interface between real-life items with the Waltonchain digital ecosystem.
This is how identification is achieved This interaction allows supply chain owners to compile statistics on their items and keep track of them in terms of market acceptance and production and sales specifications.
What is Waltonchain mining?
Waltonchain employs the POST (Proof of Stake and Trust) protocol to create blocks on its network. As for the Waltonchain reward system, this consists of granting new cryptocurrencies to holders who already own coins, determining the amount of the prize according to the algorithm that evaluates the amount of coins owned and the trust.
The WTC token is used mainly to distribute dividends to investors, attract investment funds and assign private loans.
Where to keep your WTC asset?
WTC tokens can be stored in wallets compatible with the ERC-20 token, such as: MyEtherWallet. They can also be bought in some exchange houses such as Binance or Kukoin.
They are bought with BTC and ETH with debit and credit cards on networks like Coinbase.
Pros
- Allows you to track the complete history of an item using a data storage chip. Combine the Internet of Things with blockchain technology.
- It allows the supply chain to measure the acceptance of its articles in the market.
Cons
- The platform's native currency is not accepted as a payment instrument by financial organizations.
