Syscoin SYS to Waltonchain WTC Exchange

Crypto Pair Details: SYS to WTC

Syscoin SYS

Syscoin is “a global network, a distributed ledger, a decentralized database and a blockchain. It is also a cryptocurrency, an altcoin, a digital currency and a tradable token.” Originally launched in late 2014 and created through a Bitcoin fork, the current version brings us to Syscoin 2.1 and has an algorithm that allows it to be merge-mined with Bitcoin. Merge mining is simply the ability for miners to simultaneously mine two different cryptocurrencies based on the same algorithm. The project attempts to remove the middleman and put money directly back into merchants/consumers hands, eliminating hefty fees currently charged by big corporations like Amazon and eBay. To facilitate near-zero fee transactions, you can use its native cryptocurrency, Syscoin (SYS), to pay for goods on the marketplace. However, you can also pay using alternate cryptocurrencies such as Bitcoin or Zcash. Syscoin is led by a team of developers and was created by its current core developer, Sebastian Schepis. According to Proof of Developer, a website that verifies, evaluates, and ranks developer teams, Syscoin received 5 stars in 2014. Blockchain Foundry maintains Syscoin as its flagship product, with a mission to “disrupt markets by leveraging the potential of blockchain technology”. In March of 2017, Blockchain Foundry partnered with the Microsoft Azure ecosystem and is one of the founding members of the Digital Identity Foundation (DIF). Other founding members of the DIF include the likes of corporate giants such as Microsoft, Accenture, ConsenSys, and more. Syscoin’s blockchain delivers faster speeds along with lower transaction fees than its predecessor, Bitcoin. It can support 750 tps, and with the upcoming masternode release, it will support more than 300,000 tps. For now, it’s one of the cheapest cryptocurrencies regarding transaction fees (behind zero-fee transaction cryptocurrencies such as NEO and NANO), even cheaper than XRP.' Some of the features highlighted on the SysCoin website includes :- 1. Buy/Selling goods on the blockchain 2. Brokerage on the blockchain 3. Issue and trade certificates on the blockchain 4. Merged Mining

Waltonchain WTC

Waltonchain is a genuine, trustworthy and traceable business ecosystem with complete data sharing and absolute information transparency. It is created by the combination of technologies of RFID and blockchain, which push forwards the integration of block chain and the Internet of Things. Waltonchain combines blockchain with IoT (specifically RFID) to create a management system for supply chains. The project is named after Charlie Walton, the inventor of RFID technology and a pioneer in the space. Logistics systems are complex and commonly involve several different parties. As these systems grow, it becomes increasingly tough for businesses in the same vertical to coordinate with each other. On top of that, individual entities may have different processes that further hinder the ability to transfer data back and forth. Waltonchain uses RFID identification to track products during each step of production and distribution. The data associated with each item is stored on an immutable blockchain that ensures its accuracy no matter where in the process it is.The Waltonchain team is loaded with supply chain experience. Do Sanghyuk, one of the co-founders, was previously the Director of the Korean Standard Products Association. The other co-founder, Xu Fangcheng was the Supply Chain Management Director of Septwolves Group Ltd. The team is getting support from their Chief Scientist Advisor, Kim Sukku – a former vice president of Samsung. Waltonchain has no shortage of partnerships – several of which are with Chinese provincial governments. The team is working with the Fujian government to create a “smart maritime” blockchain incubator, and with the Jinhu government to build smart air purification and monitoring systems. The Waltonchain architecture makes use of a novel consensus mechanism known as Proof-of-Stake & Trust (PoST). Waltonchain innovates on the traditional proof-of-stake (PoS) model and integrates a node reputation based system into the consensus mechanism. PoST provides for adjustable difficulty for each node, to ensure that integrity in the ecosystem is rewarded. Waltonchain also gives sub-chain developers the option to choose their own consensus mechanism, for example, sub-chains can strictly just have PoS as a consensus mechanism, and not PoST. Waltonchain, by use of its RFID technology, has introduced a novel way with which blockchain can solve not only the inefficiencies found with supply chain management, but also IoT.

SOURCE: COINGECKO

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