Waltonchain WTC to aelf ELF Exchange

Crypto Pair Details: WTC to ELF

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.

aelf ELF

Aelf is the versatile business blockchain platform powered by cloud computing and the central nervous system for businesses, transforming the way they deliver their services. By laying out the fundamental blockchain infrastructure, Aelf enables businesses to focus on building up their own dapps on their own chains with minimum effort. Acting as the master key, Aelf unlocks the potential for inter-business communication and collaboration using cross-chain efficiency. Incorporating modern technologies such as cloud nodes and parallel processing, Aelf is the blockchain system that achieves secure transactions at commercial scale. Aelf is one of the cryptocurrencies that is attracting crypto enthusiasts following its massive commercial adoption initiative. The coin seems to be leading on the technology front with higher blockchain efficiency, which is why it's also anticipated to be the Linux of Blockchains. aelf is an operating system for blockchains which can be customized by their respective users. Its cryptocurrency is denoted by the symbol ELF, with a total supply of 250 million ELF. It was launched on 21 December, 2017 on multiple exchanges in China without any ICO and instead got private investors on board. This ensured better compliance as KYC was done for all investors with most of them being accredited, with a good track record in token investment. Aelf was developed by Ma Haobao, who is also the CEO of Hoopox. The team is backed by a strong advisory board which includes Michael Arrington (CEO of TechCrunch and founding partner of FGB Capital). The team says it is working on unleashing the blockchain’s potential into mass applications and industries. aelf is now working with Innovation Alliance for increasing the acceptability of blockchain technology which will ultimately increase adoption of aelf’s blockchain. The team is focussed to develop aelf to improve other chains in the ecosystem by providing a template and infrastructure for interaction between the sidechains. Aelf also has a rewards system – Candy. With the Candy rewards system, you earn points, convertible for ELF, by accomplishing simple, daily tasks. Tasks include liking and replying to aelf tweets, inviting people to the Telegram channel, and other promotional activities. ELF are currently ERC20 tokens. As such, you can store them in any wallet with ERC20 support like MyEtherWallet or Exodus. The Ledger Nano S is also a great option if you’re interested in additional security. Aelf is a relatively new competitor in the dapp platform race but already has solid support from large investment capital firms. The project is utilizing resource separation through side chains and a unique governance model to build an entire blockchain operating system.

SOURCE: COINGECKO

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