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The live price of OriginTrail (TRAC) today is 1.2464 USD, and with the current circulating supply of OriginTrail at 402,324,425.46 TRAC, its market capitalization stands at 501,469,172 USD. In the last 24 hours TRAC price has moved ? USD or 0.00% while ? USD worth of TRAC has been traded on various exchanges. The current valuation of TRAC puts it at #160 in cryptocurrency rankings based on market capitalization.
Learn more about the OriginTrail blockchain network and how it works or follow the price of its native cryptocurrency TRAC and the broader market with our unique COIN360 cryptocurrency heatmap.
OriginTrail (TRAC) is a decentralized, blockchain-based protocol designed to enable seamless and secure data sharing along any supply chain. The protocol's primary goal is to bring transparency and trust to the supply chain industry by ensuring the integrity and interoperability of data. OriginTrail's unique approach to data management and sharing sets it apart in the blockchain space.
OriginTrail utilizes a unique consensus mechanism known as the OriginTrail Decentralized Network (ODN). This mechanism ensures the integrity and validity of data across the network, without the need for a central authority.
OriginTrail operates on the Ethereum blockchain, leveraging its smart contract capabilities to automate and enforce data sharing agreements. The protocol also uses a unique data layer, the Knowledge Graph, to structure and interlink data for easy retrieval and analysis.
OriginTrail's protocol is designed to handle large volumes of data, making it highly scalable. This scalability is achieved through the use of a decentralized network and a unique data layer.
Security is a core feature of OriginTrail. The protocol uses cryptographic techniques to ensure the integrity and confidentiality of data. Furthermore, the use of the Ethereum blockchain adds an additional layer of security.
OriginTrail respects the privacy of its users by providing mechanisms for data owners to control who can access their data. This is achieved through the use of permissioned data sharing.
OriginTrail is a fully decentralized protocol, meaning that no single entity has control over the network. This decentralization ensures the fairness and transparency of the protocol.
The OriginTrail project is spearheaded by a team of experienced professionals in the fields of supply chain management, blockchain technology, and data science. The project's governance model is based on a decentralized autonomous organization (DAO) structure.
OriginTrail has a wide range of potential use cases, primarily in the supply chain industry. By bringing transparency and trust to this industry, OriginTrail has the potential to significantly disrupt traditional supply chain management practices.
OriginTrail's native token, TRAC, can be purchased on several cryptocurrency exchanges, including Binance and KuCoin. Users can buy TRAC with other cryptocurrencies like Bitcoin or Ethereum.
TRAC tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask or MyEtherWallet.
OriginTrail has formed partnerships with several notable organizations in the supply chain industry, further solidifying its position as a leading blockchain protocol for supply chain management.
The OriginTrail project has a clear roadmap for the future, with plans to further develop its protocol and expand its network. This includes the introduction of new features and enhancements to improve the protocol's scalability, security, and usability.
Like any blockchain project, OriginTrail faces potential risks and challenges. These include technical challenges, regulatory uncertainties, and the need to achieve widespread adoption.
OriginTrail has a strong and active community of supporters and developers. This community plays a crucial role in the project's development and success.
OriginTrail is committed to complying with all relevant regulations and laws. This includes data protection and privacy laws, as well as regulations governing the use of blockchain technology.
In conclusion, OriginTrail is a unique and innovative blockchain protocol that has the potential to revolutionize the supply chain industry. With its strong technical foundation, active community, and clear roadmap, OriginTrail is well-positioned for future success.