• Walton (WTC) Price

    Walton is a blockchain-based project that makes use of Radio Frequency IDentification (RFID) in order to enable the Internet of Things (IoT). The Internet of Things refers to an environment in which a user can seamlessly switch between multiple physical devices, all of which are connected to the Internet. Each time a user changes devices, identification is required in order to ensure data security. The Walton project aims to improve the identification resolution part of the Internet of Things ecosystem.

    What is WaltonChain?

    WaltonChain is the name of the blockchain used by the Walton platform. Charlie Walton, who was the pioneer in the development of RFID, is the namesake for this platform. This was developed in order to make logistics easier across international borders, especially along the old Silk Route. Waltonchain is the primary chain or parent chain in the Walton Ecosystem. What this means is that, all the other chains that come up within the ecosystem are/will be sub-chains of the main chain. Therefore, all users can create only sub-chains in the ecosystem. The advantage that this provides is that the sub-chains have some level of independence for the users. They do not have to tie themselves to the protocols used in the parent chain. The main currency of this ecosystem is the WaltonCoin (WTC).

    Where to buy WaltonChain?

    The easiest way to buy the WaltonCoin as with all other lesser-known but nevertheless important currencies is to buy a cryptocurrency and then exchange it for WTC. A person can either buy Bitcoin or Ether and then use a coin exchange site like KuCoin to exchange the those coins for WTC.

    Wallet

    The wallet used by the WTC is, quite unsurprisingly, WTC wallet. This wallet can store only WTC. Therefore, it is advised that a person who wishes to transfer Ethereum or Bitcoin to that wallet first convert the coins into WTC and then transfer them to that wallet. Doing otherwise could result in a loss of assets for the person. In order to access a WTC wallet, a person has to first create a wallet and then use a private Key. This private Key will provide access to the wallet as and when the user wishes to obtain and make use of such access. Then, the person can begin sending WTC. The wallet is available for Windows users.

    Walton Mining

    The genesis block or the initial opening block of the ecosystem helped issue 100 million WTC. It is said that no more WTC will be created. In the genesis block, about 70 million WTC were released while the rest will be released over the course of time through mining. The mining process can take place using a GPU or a Graphics Processing Unit. This can be done on a Windows computer. There is also a reward program through which users are rewarded with WTC for making more use of the ecosystem to exchange the coins.

    Walton Price Trends

    As of late April 2018, one WTC was worth about $16.50 (USD). This is an approximate value that is subject to market changes. The WTC experienced a period of steady growth beginning September 2017. This continued till January 2018 at the end of which prices peaked. This growth in prices corresponded to investor interest in cryptocurrencies. The peak value reflected the trading scenario at that particular point. The price declined beginning February 2018, slowly gaining again in April 2018. A table with the historical price trends is presented here:

    DateOpenHighLowCloseVolumeMarket Cap
    5/30/201811.2611.5410.6810.853505710005810380
    5/29/201810.0611.3510.0611.253133670006741090
    5/28/201810.9810.9810.0310.093420100005701070
    5/27/201810.8111.1510.6510.983365300006253510
    5/26/201810.7911.1510.6910.793359880005273640
    5/25/201811.0511.3410.5510.793440910006368090
    5/24/201810.1211.139.8511.043152540006767570
    View MoreLess

    Risks associated with WTC

    Even though WTC is regarded highly and the WaltonChain has a number of applications, it is not considered advisable to invest too much money into it. This is because, at the end of the day, WTC is a cryptocurrency. Like all cryptocurrencies, it also utilises blockchain technology that makes it secure and it is also decentralised. This causes it to be a target for governments that seek to ban or restrict the usage of such virtual currencies. If this happens, then the investor will lose their investment. Instead, it is recommended that the investor choose trusted and well-performing mutual funds in which they can invest. This way, the risk associated with cryptocurrencies is reduced.

    Disclaimer:

    "The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.

    A&A Dukaan Financial Service Private Limited (“BankBazaar”) does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."

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