Quote from: reputation on November 13, 2017, 03:24:37 PM

Quote from: Bitcoin2theEnd on November 12, 2017, 11:13:04 PM

Quote from: soviettiget2 on November 12, 2017, 05:02:46 AM

So unless I just missed reading it somewhere, is this token used as fuel for the RFID blockchain, or was it basically used as a fundraiser for company liquidity?

My understanding is the Waltonchain token WTC will be the parent chain for many children chains. So i think if a company wishes to use Waltonchain they will have their own child chain and are required to purchase a certain amount of WTC. Once WTC has it own blockchain it will act as many things not just fuel.

Can some help clarify or correct if i am wrong

I am a little confused bt the parrent chain and child chain, what is it like? something like side chain technology used by Lisk and Asch or something else?

Hopefully I explain this correctly. Would be good if a blockchain expert from Walton could help explain this.

The parent chain is what keeps the whole blockchain secure. By having child chains it allows scaling to happen at a large ratio. My guess how it will work for Walton is if you have a clothing business and are using Walton not everything has to be recorded on the parent chain. For example if an item is taken off the shelf and taken into the the change rooms this can be recorded on the child chain.Maybe when the item leaves the warehouse and enters the shop and then is purchased maybe this will be recorded on the parent chain. For anything that is rerecorded on the parent chain a small fee will apply that will go towards the miners and stakers, as it is going to be a hybrid system of PoW and PoS.

Hopefully this helps a little. I am not 100% if I am correct but I am sure it is something like this.