The WTC is derived from Charlie Walton, who was born in California, died on Nov - 30, 2011. As the inventor of RFID technology, He devoted his lyfe to the development of RFID technology . He obtained the first patent related to RFID technology in 1973 and eventually obtained more than 50 invention patents. He created a new era of RFID and made outstanding contributions to the development of RFID. At present , RFID technology is widely used in various applications all over the world, from identification to freeway billing , mobile payment, credit card payment, we can see that RFID is everywhere. The project was founded on Nov - 30, 2016, the fifth anniversary of the death of Charlie Walton. To commemorate the great inventor of RFID technology, the project was named "Walton-chain" to carry forward his invention and blaze a trail to the future.
As mentioned above, in the Walton ecosystem, The most core parent chain is called walton-chain in which the token used for circulation and payment is called walton-coin (hereinafter referred to as WTC). WTC is the most important digital token in the Walton ecosystem , the total number of WTCs is 100 million, abbreviated as 10-8 , created and set in the Genesis Block. This number is constant, no more tokens will be issued.
Waltoncoin's Main Functions
- Issuing sub chains
- Distributed asset exchange
- Dividend interest
- Credit and mortgage system
- Distributed voting and governance system
- Decentralized exchange
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This post is my post which I have studied from somwhere.
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