Named after Charles Walton, the man who came up with the idea of patenting the RFID in the not so far 1983, Waltonchain is one of those coins that you should keep your eye on. In case you have just heard of this coin it might be a little late to plan on getting big money for a couple of dimes as Waltonchain has already reached a price of a bit over 30$ per one unit, which is a great success for any coin.
Remember when Bitcoin was only around 30$? Maybe you do, and maybe you don’t, but with this philosophy, any coin, especially those that are progressing as fast and steadily as Waltonchain is can quickly become the “next Bitcoin.” So, what we are probably the most interested in is what exactly Waltonchain stands for and if this coin will continue to perform so well on the crypto market.
What is Waltonchain and why should we appreciate this coin?
First, we need to take some of your time to explain what RFID is, in case you are not familiar with this term, as this technology is closely related to the idea behind Waltonchain.
Charles Walton patented RFID technology with the idea of having a simple process that would enable a true merging of digital value with a real-life physical object. This would be made possible by using the electromagnetic fields within RFID technology along with using microchips that would be connected to the objects being used for merging. Sounds familiar?
If you have heard of the Internet of Things, otherwise known as IoT, then you must have spotted a genuine similarity between these two technologies. The only difference between the two technologies is that the Internet of Things is more advanced as it is closely related to blockchain technology – the latest craze everyone is talking about.
The primary purpose behind Waltonchain is then to create an amazingly attractive and primarily functional business ecosystem that runs on blockchain technology with integrated IoT. The developers are even using RFID technology, taking this old system to a new level to improve their ecosystem and make it more functional. Its purpose is to make data sharing, transactions, sharing information, distributing products and services, creating new business ventures and operating with Waltonchain tokens.
The ecosystem is called Walton, and it represents a genuine platform that combines blockchain with the Internet of Things. Thos who are not yet familiar with the term IoT should know that the Internet of Things operates similarly to RFID.
That means that we have digital assets and values merged with physical objects to make sharing information and performing different actions more transparent, more accessible and more cost-effective. What makes Walton work efficiently with integrated IoT is the Value of Internet of Things.
Value of Internet of Things works in a way that all devices that are asking for permission to connect must be verified by the same provider. That leads to having a centralized system within the decentralized platform. So, to make all accounts and all transactions, along with all types of interaction more effective, trustworthy and safe, once the access is granted by the provider, all devices with allowed access can join the decentralized platform, reaching blockchains improved by RFID technology.
That way all transactions are made safer and all information recorded and kept transparent in the spirit of an open source technology.
Although perfectly unique, Walton ecosystem is made on the example of Ethereum’s smart contracts and DASH’s privacy type backed up with master nodes. The system works a bit differently than the original blockchain technology, so instead of having a single chain of blocks, you have side chains, which conditions the existence of child chains and parent chains.
There, anyone can create child chains while all child chains are being controlled by the parent chains, which means that the full control over child chains persist in parent chains.
It also uses the Proof of Stake and Trust system, which means that all nodes are provided with adjusted difficulty to ensure that all chains have integrity, that way making a safe and secured decentralized environment.
Waltonchain is in general made to create a more efficient market, a business ecosystem that would allow clothing industries and products with RFID technology within the Internet of Things to establish a good solid environment.
In this environment, natural business performance and fast and cheap transactions would be fully available for all members, establishing a connection between nodes, chains, products and the Internet of Things – all that supported and operated by Waltonchain.
This way, there are countless benefits planned for the clothing industry. Waltonchain and the technology behind this amazingly progressive token are made to solve slow warehouse turnovers, out-of-stock problems and problems similar to those that often happens in the process of purchasing, ordering and searching for specific clothing items and products related to the clothing industry.
As far as the value concerned, Waltonchain is currently holding the 39th spot on the global coin ranking list with the latest increase of almost 23%. In case the increases would continue at the same pace, going from and over 20%, this coin could quickly reach the price of 40$ per one coin in only a couple of weeks, starting from the current price of 31.50$ and with the presumption that there wouldn’t be any decreases in the meantime.
All in all, Waltonchain, increasing or decreasing in price, is a real gem in the sea of crypto coins and the developing blockchain technology.
We will be updating our subscribers as soon as we know more. For the latest on WTC, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of coinmarketcap.com
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
Warren Buffett and TRON’s Justin Sun Finally Meet for Charity Lunch
Should You Invest in TRON in 2020?
CoinField Launches Sologenic Initial Exchange Offering
featured2 weeks ago
Altcoin Magazine has Rebranded as The Capital and 100x’ed its ambitions
Bitcoin2 weeks ago
5 Best Places to Bet with Bitcoin
Don't Miss1 week ago
Best Study Resources to Pass CompTIA SY0-501 Exam and How Should You Use Exam Dumps to Prepare?
Don't Miss1 week ago
Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page
Don't Miss1 week ago
Learn 2 Trade Launches Real-Time Crypto Signals Service
Don't Miss1 week ago
What Prevents Crypto from Becoming the Top Payment Method
Featured news4 days ago
5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies
Bitcoin6 days ago
Trusted Crypto Tumbler To Protect Your Wealth