What is Waltonchain (WTC)?
Waltonchain (WTC) is a blockchain project that combines blockchain technology with Radio Frequency Identification (RFID) technology. The project aims to create a business ecosystem integrating the Internet of Things (IoT) with blockchain. This combination allows for the transparent, secure, and traceable management of supply chains and other business processes. Waltonchain's goal is to facilitate the integration of physical assets into the digital world through its unique blockchain and RFID technology, thereby enhancing operational efficiency, authenticity verification, and asset tracking in various industries.
Who Created Waltonchain (WTC)?
Waltonchain was founded by Xu Fangcheng in South Korea, where the project has significant development efforts. The project is named after Charles Walton, the inventor of RFID technology, reflecting its core technology integration. The Waltonchain team comprises experts in blockchain technology, RFID technology, supply chain management, and business development, working together to realize the project's vision of combining blockchain and IoT.
What is $WTC Used For?
$WTC, the native token of Waltonchain, has several key applications:
Transaction Fees: WTC is used to pay for transactions and smart contract operations within the Waltonchain network.Subchain Creation: Entities can use WTC to create custom subchains within the Waltonchain ecosystem, tailored to specific business needs.Decentralized Exchange: WTC serves as a medium of exchange on Waltonchain's decentralized exchange, facilitating trading and transactions.Node Operation: WTC is used for staking by network nodes, contributing to network security and consensus. Node operators are incentivized with transaction fees and rewards.Supply Chain and Business Solutions: In line with Waltonchain's focus on supply chain management, WTC is used in various business solutions, including tracking, verification, and authentication of products and assets.
Waltonchain, through its WTC token, aims to bridge the gap between physical and digital assets, leveraging blockchain and RFID technology to enhance the efficiency and transparency of supply chain and business processes.