Waltonchain WTC to Fusion FSN Exchange

Crypto Pair Details: WTC to FSN

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.

Fusion FSN

Fusion is a project which consists of an all-inclusive blockchain-based financial platform that offers cross-chain, cross-organization, and cross-data source services through smart contract employment. FUSION was established by the CEO of BitSE, an incubation company which developed QTUM Blockchain and the VeChain blockchain, crypto projects which are both successful. Fusion uses the Hierarchical Hybrid Consensus Mechanism (HHCM) that borrows things from PoW and PoS. At the same time, it uses a parallel computing by grouping nodes together, creating an efficient and safe platform. The Fusion team used in its whitepaper the term Internet of Values which refers mostly to cryptocurrency related matters, such as the exchange and management of digital assets securely and without intermediaries. The Distributed Control Right Management is a security layer that protects all locked-in cryptocurrency assets on the Fusion blockchain. The distributed storage and sharding of a private key ensures that no one can have access the complete private key, meaning that no single node can gain control of the digital assets. Along with the traditional transaction triggering mechanism, FUSION incorporated time and event based triggers into its smart contracts. These three triggering modes have resulted from various financial situations, and have been designed to meet the requests of complex financial smart contracts. BitSE, the company behind the Fusion Project, was founded in 2013 by Dejun Qian, being also responsible for the creation of QTUM and VeChain. QTUM and VeChain are both blockchain foundations which developed into independent ventures. The native token of the Fusion platform, FSN, will be used in paying network fees. Smart contracts require FSN in order for them to be executed, much like how ETH is used in the Ethereum network. Fusion (FSN) has a short history in the cryptocurrency market, which does not allow us to make predictions in the long term. Fusion cryptocurrency will have its Fusion mainnet launch before 30th June. We can expect a small increase in price due to this.

SOURCE: COINGECKO

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