Kriptoks

Waltonchain (WTC) is a blockchain-based cryptocurrency that introduces the concept of Value Internet of Things (VIoT) to merge blockchain technology and the Internet of Things (IoT). By depending on devices, data, network, and value, Waltonchain strives to create a trustworthy digital lifestyle using blockchain technology to achieve consensus, co-governance, co-sharing, and connection of IoT services and data in the advanced information age.

The Waltonchain technology operates on the Ethereum blockchain and creates sub-chains around the parent chains. Traders can customize child chains on the WTC eco chain to monitor all commodities' logistics, production, warehousing, and retail movements. To record all physical commodities' data automatically, Waltonchain uses the IoT model and has developed a reader chip and tag chip that communicate with each other and the blockchain.

WTC is the token for Waltonchain, defined as a new standard when the new data is written by ERC-20. A JavaScript API and web service verify these new tokens, and WTC provides Waltonchain's wallet to store the tokens. The Ethereum standard of Waltonchain token enables it to be exchanged with other Ethereum-supporting wallets. Waltonchain coin is the only transactional digital currency for the coins that operate on the Walton blockchain, and it follows a byte fee system.

Waltonchain coin performs beneficial functions such as issuing sub-chains, providing dividend interests, distributing asset exchange, and distributing voting and governance systems to develop efficiency in the operations. Thus, it assists traditional enterprises in evolving business models and product scope, expanding the value chain, enhancing operational efficiency, and reducing enterprise costs. As a business eco chain, Waltonchain aims to build a fair, traceable, serviceable, translucent, and credible new-generation business ecosystem.

Xu Fengcheng founded the token named after a trust organization called Waltonchain located in Singapore. The name "Walton" refers to the renowned scientist Charlie Walton, the developer of radio frequency identification technology (RFID). The present official whitepaper of the Waltonchain was released in September 2018.

In conclusion, Waltonchain (WTC) is a unique and innovative blockchain project that combines blockchain technology and IoT to create a reliable digital life utilizing the Value Internet of Things (VIoT). The use of sub-chains and the IoT model for monitoring commodities' logistics, production, warehousing, and retail movements make Waltonchain a viable and efficient solution for businesses looking to enhance their operations' efficiency. Additionally, the use of WTC coin in Waltonchain's ecosystem provides multiple benefits such as issuing sub-chains, providing dividend interests, distributing asset exchange, and distributing voting and governance systems.