Walton is derived from Charlie Walton, who was born in California, died on November 30, 2011. As the inventor of RFID technology, he devoted his life 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 RFID everywhere. The project was founded on November 30, 2016, the fifth anniversary of the death of Charlie Walton. To commemorate the great inventor of RFID technology, the project was named "Waltonchain" 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 waltonchain in which the token used for circulation and payment is called waltoncoin (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
1) Issuing sub chains
2) Dividend interest
3) Credit and mortgage system
4) Distributed asset exchange
5) Distributed voting and governance system
6) Decentralized exchange