Waltonchain Analysis

Waltonchain is a cryptocurrency that uses RFID technology to create a decentralized network for tracking information on the blockchain.

The project was founded in 2016 by Chinese entrepreneur Mo Bing and Waltonchain team members and is named after Charles Walton, the inventor of RFID technology.

The Waltonchain mainnet was launched in March 2018.

Waltonchain Node Structure

The Waltonchain network consists of two types of nodes: public and private. Public nodes are maintained by the Waltonchain Foundation and are responsible for validating transactions and maintaining the blockchain. Private nodes are maintained by enterprise users and can be used to track specific data on the blockchain.

Waltonchain Fundamental Analysis

Waltonchain’s native currency is WTC, which is used to pay for transaction fees on the network. WTC can also be used to mint new RFID tags, which are required to track data on the blockchain.

WTC Parent-Child Network Composition

The Waltonchain network has a number of unique features that make it well-suited for tracking data on the blockchain. For example, Waltonchain uses a “proof-of-stake and trust” consensus mechanism, which allows enterprise users to stake WTC to private nodes in order to validate transactions. This system gives enterprises an incentive to maintain private nodes, as they can earn rewards for doing so. In addition, Waltonchain features a “parent-child chain” structure, which allows for multiple data types to be tracked on the same blockchain. This is accomplished by creating “child chains” that are connected to the “parent chain”.

Each child chain can be customized to track a specific type of data, such as product information, supply chain data, or logistics data. The parent-child chain structure also allows for scalability, as child chains can be added or removed from the network as needed. This makes Waltonchain well suited for tracking large amounts of data on the blockchain.

Useful Waltonchain dApps

Waltonchain has a number of potential applications in the real world. For example, the project could be used to track food safety, supply chain management, or even medical records. In addition, because Waltonchain is built on an immutable, censorship-resistant blockchain, it has the potential to be used in a wide variety of industries beyond just supply chain management.

Future Plans - Smart Contracts, DID Technology

The Waltonchain team has plans to launch a number of applications on the Waltonchain network in the future. One such application is a “smart city” platform, which would use the Waltonchain network to track data such as traffic patterns, energy usage, and waste management. Another planned application is a “digital identity” platform (DID), which would allow individuals to store their personal information on the blockchain. This would give individuals the ability to share their personal information with businesses and organizations while maintaining control over their data.

The Waltonchain team is also working on a “smart contract” platform, which would allow for the execution of contracts on the blockchain. This would allow for a wide range of applications, such as insurance, escrow, and lending.

$WTC Tokenomics & Price Action

The current price of the $WTC coin is {{currentprice}}, with a circulating supply of 29M and a market cap of $10K. Looking at the historical data, the all-time high was $41.15, with the lowest price, registered at $0.00016008.

Controversial Fundraising Practices

Buy "Waltonchain for the tech" some might have thought when it first launched. But several unsavory events left investors feeling used by the clever marketing tactics of the team. Development lagged behind what was the possibility and the status as the next Ethereum for real-world assets. Commodities no longer seemed their target focus while running odd marketing campaigns with clearly performative concepts unrelated to crypto began to show up, investors lost faith in the team and the chart began to sag.

As one investor on the WTC Reddit message board explained:

It's all a shame too, because the idea at it's core is not bad. Instead of using the Blockchain to verify RFID, and the other things they promised, which is most likely the future for RFID anyways... They decided to use cryptocurrency as a semi ponzi scheme to raise capital for their RFID technology that most likely does not even use the Blockchain for it's core functioning. Or maybe even at all.

Nowadays there is a core combination of relevant research analysts who project that WTC will eventually regain the attention of the mainstream crypto audience as they have survived this far. But an investment in crypto is definitely not for the faint of heart. Trade WTC at your own peril. The waltonchain wtc blockchain simply does not portend a rosy near-term future if you are purely in it for the investing returns.

WTC TLDR

The Waltonchain project has a lot going for it. Having been through several crypto bull cycles gives it an enduring appeal for real-world businesses seeking to enter the perilous world of blockchain. The project is still actively working on developing value-oriented new applications for the network. With its unique features seen on the roadmap on the WTC website, Waltonchain is well-positioned to become a leading player in the cryptocurrency space once it scales into the everyday world.

Waltonchain Price Analysis

As of November 25 2024 Waltonchain has a marketcap of $10K. This is {{percentagefromath}} from its all time high of $41.15. In terms of its tokenomics, there's a total supply of 70M with 42% currently outstanding. Keep in mind Waltonchain has a fully diluted value of $24K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.