OriginTrail (TRAC) is a blockchain project that focuses on improving supply chain transparency and efficiency. The project was launched in 2018 by a Slovenian company called Trace Labs. The founders of OriginTrail are Tomaž Levak and Žiga Drev, who have backgrounds in IT and logistics. OriginTrail aims to address the challenges faced by supply chains in terms of data silos, trust, and integrity. By leveraging blockchain technology, OriginTrail enables different stakeholders within a supply chain to securely and transparently share and verify data.
One of the key features of OriginTrail is its decentralized data exchange protocol. This protocol allows different parties to access and share data in a secure and tamper-proof manner. The use of blockchain technology ensures that the data is immutable and trustworthy.
Another unique aspect of OriginTrail is its focus on interoperability. The platform is designed to integrate with existing supply chain systems and standards, making it easier for businesses to adopt and benefit from the technology.
OriginTrail operates on the Ethereum blockchain. The project utilizes smart contracts to facilitate transactions and data sharing. Ethereum was chosen for its robustness and widespread adoption within the blockchain community. However, OriginTrail is also exploring the use of other blockchain platforms to enhance scalability and performance.
TRC Token
TRAC is the native cryptocurrency of the OriginTrail platform. It is used primarily as a means of payment for services on the network. TRAC can also be staked by node operators who provide computing resources to the network. Additionally, TRAC holders may participate in governance by voting on protocol upgrades and other proposals. TRAC is an ERC-20 token on the Ethereum blockchain. Its total supply is fixed at 500 million TRAC. The majority of TRAC tokens were distributed during the token sale in 2018. Some TRAC is reserved for ecosystem development, marketing, and other purposes. TRC holders may use the OriginTrail protocol to explore various supply chain applications, track provenance of assets, ensure product authenticity, and manage inventory efficiently.
Average OriginTrail Network Fees
The average transaction fee on the OriginTrail Network is around 0.0001 TRAC. This low average fee ensures that users can conduct transactions without significant cost, providing accessibility and affordability to a wide range of users.
TRC Token Wallets
- Metamask: MetaMask is a widely-used Ethereum wallet browser extension that supports TRAC tokens. Users can easily send, receive, and manage their TRAC tokens through MetaMask.
- Trust Wallet: Trust Wallet is a mobile cryptocurrency wallet that supports TRAC tokens. It provides a user-friendly interface for managing TRAC and other ERC-20 tokens.
- Ledger Wallet: Ledger Wallet is a hardware wallet that provides a secure cold storage solution for TRAC tokens. Users can store their TRAC securely offline and only connect the device when they need to make transactions.
- MyEtherWallet: MyEtherWallet is a popular Ethereum wallet that allows users to interact with the Ethereum blockchain. TRAC holders can use MyEtherWallet to access and manage their TRAC tokens.
- Guarda Wallet: Guarda Wallet is a multicurrency, non-custodial wallet that supports TRAC tokens. It provides a secure and easy-to-use platform for holding and managing TRAC and other cryptocurrencies.
