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Waltonchain: Business Ecosystems and the IoT

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Waltonchain
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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.

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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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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