Waltonchain (WTC)

Chinese business management graduate Xu Fangcheng and Korean Do Sanghyuk are the founders of Waltonchain. Both have extensive knowledge and experience in significant industries. The platform is named after RFID technology inventor Charlie Walton. Also, WALTON is actually an acronym that stands for Wisdom Alters Label, Trade, Organization, and Network. Waltonchain held its initial coin offering the whole month of September in 2017. The crowdsale sold approximately 25,000,000 WTCT (the former name of the Waltonchain coin), which was equivalent to ETH coins worth approximately $10,000,00. Around 10,000,000 WTCT went to the founding team while 30,000,000 WTCT was set aside for mining. The Waltonchain combination of Proof-of-Stake and Proof-of-Work, along with the PoL or Proof-of-Labor consensus mechanism is a significant factor in the system. It is called the WPoC or Waltonchain Proof-of-Contribution. Master nodes in the Waltonchain network are classified into three, namely Super Master Noes of SMN, Guardian Master Nodes of GMN, and Master Nodes of MN.