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Blockchain & Crypto Analysis

Waltonchain – IoT & RFID Supply Chain on the Blockchain

Friday, July 20, 2018

Waltonchain is a China-based IoT project focused on building secure and reliable business ecosystems on the blockchain with proprietary RFID chips. The Waltonchain platform enables merchants and businesses to build subchains that fit their specific needs while providing the framework to conduct business through timestamped and immutable transactions on the blockchain. With Waltonchain’s RFID technology, the blockchain is able to autonomously track physical goods through the whole supply chain process – from raw materials to delivery of a finished product. By maintaining such a fine level of traceability, Waltonchain successfully battles data tampering and counterfeit goods. WTC is the utility token on the Waltonchain network, and it can be traded on Huobi Global against BTC and ETH pairs.

Advantages of the Waltonchain Platform

Compared to traditional supply chain processes, Waltonchain has five major advantages – high security, high traceability, high scalability, anti-counterfeiting, and reduction of business costs.

High Security

Security on the Waltonchain platform is derived from its immutable blockchain that encourages decentralization through staking incentives for masternodes. Anyone who stakes 5,000 WTC or more is eligible to become a masternode and will receive rewards for providing network services.

High Traceability

High traceability in the Waltonchain ecosystem is possible via proprietary RFID tag chips and RFID reader/writer control chips which also act as Waltonchain nodes. Compared to typical RFID chips, Waltonchains’ chips offer a number of extended features.

  • An encryption/decryption module is built into each chip, enabling safer communication between the tag chip and reader/writer chips.
  • Hash processing logic is built into the chip, enabling secure hashing which can be automatically recorded onto the immutable Waltonchain blockchain.
  • The RFID tag chip has built-in memory to store its hash status and key information, making the chip less prone to data tampering.
  • At scale, Waltonchain’s RFID chips consume less power than traditional RFID chips, while providing more features.

The RFID tags can be embedded into physical goods in the raw materials stage, which allows for high traceability during manufacturing and shipping processes. As a commodity makes its way through the supply chain, each “processing stop” can use the RFID reader/writer chip to confirm the legitimacy of the commodity.

A demonstration of Waltonchain RFID technology. (Courtesy of Boxmining)

For example, this RFID ecosystem can be used to confirm the authenticity of automobile parts during different steps of the assembly line. This RFID system also aids in the decentralization of the Waltonchain network because every business entity that uses the Waltonchain platform will have its own node through the RFID reader/writer chip.

High Scalability

Waltonchain’s platform enables businesses to build and use child chains that don’t directly affect the performance of a parent chain on a consistent basis. Not all businesses require constant use of the public chain, and some may elect to use a private chain with a different consensus algorithm suited to their specific needs. Secondly, Waltonchain itself adopts a PoST + PoW consensus algorithm that can handle larger transaction volumes compared to traditional PoW blockchains like Bitcoin and Ethereum.


Waltonchain’s high traceability via RFID technology and immutable blockchain reduces the chance of counterfeiting. Since products can be finely tracked from the raw materials stage all the way to delivery on a secure public ledger, both businesses and clients can be certain of a product’s authenticity.

Reduction of Business Costs

Waltonchain provides businesses with high security, high traceability, and anti-counterfeiting. Thus, businesses can (in theory) reduce the size of teams employed for these purposes. This would enable businesses to redirect those funds to R&D and marketing to improve products for their users.

How Waltonchain Can be Used in the Real World

Here are two real-world examples of how Waltonchain can be used to add security, traceability, and anti-counterfeiting to the supply chain.

  1. A manufacturer of premium sake in Japan embeds an RFID tag into their bottles. When a customer receives the bottle, he or she can verify the authenticity of the bottle via the blockchain.
  2. A clothing manufacturer ships finished garments embedded with RFID tags. The garments are then shipped to various distributors around the world. Each distributor can check the authenticity of the garments to ensure they weren’t swapped with fakes during the shipping process.


Waltonchain is one of the few blockchain projects that have legitimate use cases, and I see true value in the WTC token. With so many products being designed and so many new factories opening up around the world, some estimate the global logistics industry to be worth over $15 trillion by 2023.

WTC/BTC trading on Huobi Global.

There’s an obvious demand for supply chain traceability and optimization, and I believe Waltonchain with their purpose-built blockchain and proprietary RFID chips is in a great position to become a major player in the space. This project is definitely one to keep a close eye on.

Decrypto Daily Update – July 17, 2018

Tuesday, July 17, 2018

Market Snapshot

Total Market Cap: $269,998,194,436
24 Hour Volume: $13,898,386,299
BTC Dominance: 42.7%
BTC-O: $6,357.01
BTC-H: $6,741.75
BTC-L: $6,357.01
BTC-C: $6,741.75

LINE launches BitBox, a Singapore-based cryptocurrency exchange.

Today, LINE officially launched its cryptocurrency exchange, BitBox. The exchange is operated by LINE’s Singapore-based subsidiary, LINE Tech Plus. BitBox currently supports 28 cryptocurrencies and is available in 15 different languages. On the restriction front, BitBox is currently not available in Japan, USA, and a few other territories.

BitBox currently supports AION, BAT, BCH, BTG, CVC, DGB, ELF, ETC, ETH, GNT, KNC, LTC, MONA, NCASH, OMG, QSP, QTUM, RDD, REP, SALT, SNT, VEN, XLM, XRP, ZIL, and ZRX in various BTC, ETH, and USDT trading pairs.

Considering ICON’s recently announced venture with LINE, I’m surprised ICX didn’t make the cut. I’m guessing LINE’s priority for the platform’s initial launch was to support the popular Top 10 coins, along with a few of the more well-known ERC-20 tokens. Thus, ICX, which currently sits at #27 in market cap rankings and is no longer an ERC-20 token, didn’t make the list. BitBox’s launch should also put to rest all the rumors about LINE’s crypto exchange being ICON’s upcoming DEX. Nonsense.

I’m pretty impressed with BitBox’s UI, especially considering the service just launched. The interface is well laid out and uncluttered with a good choice of font families, sizes, and weights.

The trading charts look great as well, and LINE even built in a bunch of customizable indicators and settings for advanced users. Most importantly of all, the interface feels really responsive and snappy. I’m excited to see what LINE will bring to the table over the coming months.

It’ll be interesting to see how LINE plans to increase BitBox’s trading volume over the next few months, and if the company will market the exchange to a portion of its 200 million monthly active users of the LINE messaging app – many of which probably know next to nothing about cryptocurrencies.

Coinbase’s Index Fund is close to launching.

Earlier this year, Coinbase announced it’s upcoming cryptocurrency index fund, and it looks like the service is close to launching. A few hours ago, I was looking through my iPhone’s widgets and saw this.

Coinbase should probably change the display text to read “CBI”, but it looks like there is already an API to track prices for the index fund. As of 9:17 PM JST, CBI’s price was $3,049.59. Cool.

Decrypto Daily Update – July 14, 2018

Saturday, July 14, 2018

Market Snapshot

Total Market Cap: $248,699,757,825
24 Hour Volume: $10,759,637,562
BTC Dominance: 43.2%
BTC-O: $6,235.03
BTC-H: $6,310.55
BTC-L: $6,192.24
BTC-C: $6,238.05

Coinbase is exploring Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x.

In a post on their official blog, Coinbase revealed they are currently looking into adding ADA, BAT, XLM, ZEC, and ZRX to their list of supported digital assets. Coinbase is also working on implementing ETC at the moment.

  • Back in March, Coinbase announced their intention to support the ERC-20 token standard, which led to many speculations about future ERC-20 token listings. Many expected ZRX, the network utility token for 0x’s Ethereum-based decentralized exchange, would be one of the first ERC-20 Coinbase listings following a tweet from Brian Armstrong last August. It looks like that’s exactly what happened – ZRX made the list.
  • Interestingly enough, ZRX and BAT are the only two ERC-20 tokens on the list. All the other tokens will require specialized implementation of their respective blockchains.
  • The diversification of this initial token list from Coinbase shows how much thought the team put into the process of compiling it. Cardano is one of the leading smart contract platforms in the world. Stellar Lumens is focusing on cross-border payments and is also developing a DEX that uses the XLM token as a liquidity source. 0x is a building an open protocol for trading ERC-20 tokens, and I wouldn’t be surprised to see a Coinbase ERC-20 exchange built on top of the 0x protocol in the future. The most interesting asset on this list is Zcash, a cryptocurrency that supports private transactions. If Coinbase was really interested in the privacy angle, Monero, the only truly private coin with adequate liquidity, would be the obvious choice, so I’m not exactly sure why they’re looking into Zcash.

Project PAI – A Decentralized Personal AI on the Blockchain

Thursday, July 12, 2018

Project PAI is a blockchain project that’s focused on bringing the concept of a “personal AI”, or PAI, to the masses. A PAI is a cryptographically-verified and intelligent 3D avatar that is designed to “look like you, speak like you, and behave like you in the digital space.” A user’s PAI is tied to him or her via an authentication process called “Proof of You”, and Project PAI envisions a world where PAIs can help their owners perform day to day tasks like scheduling appointments or shopping.

The Project PAI blockchain adopts Bitcoin’s PoW consensus mechanism, with PAI as its network utility token. PAI can be earned and used on various network services, and is currently tradable on Huobi Pro with PAI/BTC and PAI/ETH pairs.

The AI Economy & Project PAI

In the past, services like Automattic’s Gravatar enabled users to create an online digital avatar that could be used as an identity method on many websites. Gravatars are useful for simple tasks like maintaining one’s identity when commenting on multiple blogs, and the service’s dashboard proved useful in centralizing a user’s online interactions for moderation. Project PAI is looking to take this concept of a digital avatar to the next level with cryptographically authenticated PAIs, which can be trained to perform a variety of different tasks on behalf of its owner.

Project PAI, who recently launched its mainnet, envisions an “AI Economy” where a PAI can help its owner with day to day tasks, and even earn an income through interactions and contributions on the blockchain. For example, a celebrity photographer could utilize her PAI to teach a photography seminar, thus freeing up her time in the “real world” to focus on photoshoots for her “real world” clients. In this situation, the photographer’s students could learn the basics of photography through an interactive PAI, and the photographer could choose to do an “in person” Q&A at the end of the seminar.

The AI Economy concept has a lot of potential, and I can envision industry influencers and experts offering advertising and teaching opportunities through their PAIs. On the consumer side, I can see users participating in network activities like performing user authentications and interacting with PAI advertisements to earn passive income through the PAI token.

The Project PAI Team

ObEN, a California-based personal AI company, is leading development of the Project PAI project in conjunction with several other blockchain engineers and developers. In the near future, Project PAI plans to open up its Github repository for public contribution. Alex Waters, a Bitcoin Core developer and a founder of several cryptocurrency-related startups, is currently serving as a technical advisor for Project PAI.


Personally, I find Project PAI to be an interesting project with enormous potential. I think the concept of a Personal AI will be a novelty at first, but has the possibility to play a crucial role in our day to day lives once the technology has had time to mature. Additionally, I hope Project PAI will be able to form partnerships with mainstream social media platforms or current avatar services with adequate user adoption. From a UX perspective, a blockchain-based avatar service would be a tough pitch to the average consumer, and I believe integration into an existing popular service would be beneficial to Project PAI. Lastly, the PAI token, trading on Huobi Pro, could be a worthwhile addition to your cryptocurrency portfolio if you believe AI-enabled avatars could go mainstream in the future.

In News


An Overview of the Waves Open-Source Blockchain Platform

Friday, June 29, 2018

What is Waves?

Waves is an open-source blockchain platform originally founded by Russian physicist, Sasha Ivanov in 2016. Currently, it is being developed, marketed, and operated by Switzerland-based Waves Platform AG. Waves is a comprehensive blockchain platform that features fiat gateways, smart contracts, mobile wallet, token issuance, a DEX (decentralized exchange), and more. WAVES is the token on Waves platform, and offers a number of incentives to holders. In addition to the Waves DEX, the WAVES token can also be traded on Huobi Pro with BTC and ETH pairs.

Waves’ Consensus Algorithm & Platform Features

Waves’ PoS (proof of stake) consensus algorithm is called Waves-NG, and is based on the Bitcoin-NG (New Generation) algorithm that was presented in 2015. Bitcoin-NG is a forward-looking PoW consensus algorithm designed to increase the Bitcoin network’s throughput and performance. The algorithm works by electing a leader every ten minutes who is in charge of vetting transactions as soon as they occur. This greatly increases TPS capacity because miners no longer compete to verify transactions. Instead, miners compete to be elected as leader, thus removing the block size and block interval performance limitation of Bitcoin’s current PoW algorithm. Waves’ consensus algorithm, Waves-NG, is a PoS implementation of Bitcoin-NG.

Token Issuance & ICO Platform

The Waves platform allows users to issue their own digital tokens, which can be traded on the open market. Businesses and projects have used the Waves platform to issue tokens for their ICOs (initial coin offerings). Tokens generated by Waves can be used for a variety of purposes on the platform including transfer of value, voting, ratings, and more. Currently, over 15,970 tokens have been released on the Waves platform, with MobileGo being the most successful Waves project with a $53 million ICO.

Waves DEX

The Waves client has a built-in P2P DEX (decentralized exchange), and supports a number of popular trading pairs. The DEX currently processes ~$6 million in daily volume, making it one of the more successful decentralized exchanges out there. In terms of assets, the Waves DEX supports many popular crypto trading pairs such as ETH/BTC, DASH/BTC, XMR/BTC, and more. On the fiat side, the DEX supports WAVES/USD and WAVES/EUR.s

Multi-Currency Wallet, Staking, and Mining

Waves’ multi-currency wallet supports WAVES, Waves tokens, major cryptocurrencies, and fiat currency (USD & EUR). The wallet is available as a desktop client, online client, and mobile app. Users can participate in “mining” by staking a minimum of 1,000 WAVES tokens. Alternatively, users can also choose to lease their tokens to a mining pool in exchange for a proportionate share of transaction fee payouts.

The Waves Team

Waves currently has over 50 employees working in various locations around the world. The core team consists of Sasha Ivanov, Maxim Pertsovskiy, Mariya Borovikova, Natalya Malyova, Alexey Kofman, Ilya Smagin, Alexey Koloskov, and Phil Filippak.

Here’s a recent photo taken from Waves’ headquarters in Moscow.

Recent Developments & Future Milestones

2018 has been the year of smart contracts for Waves. In Q1 2018, the team focused on smart contract implementation. Unlike Ethereum’s Turing complete smart contracts, Waves’ initial solution will not be Turing complete. This isn’t necessarily a bad thing, as we all know about Ethereum’s The DAO and Parity Wallet debacles. Waves’ approach is to create non-Turing complete smart contracts first, which can still be used for automation and logic in business situations. Since Waves’ blockchain platform is targeting businesses, this makes complete sense. In Q4 2018, the team is expected to release Turing complete smart contracts after they have taken enough time to ensure the platform is secure and reliable.

Other recent accomplishments include…

  • Hardware wallet and ShapeShift support.
  • Updated DEX trading interface.
  • Desktop client release and updated mobile apps.
  • Launch of MRT buyback program.
  • Launch of Waves Node v0.13.2, which supports data transactions, token burns, fee sponsorships, and fair PoS.
  • On-chain messaging.

In the future, Waves is expect to release…

  • Atomic swaps for interoperability with other blockchains.
  • Frontend voting GUI.
  • Off-chain messaging service to reduce blockchain bloat.
  • Turing complete smart contracts.


Waves is a leading blockchain platform in the space, and it’s certainly a project to keep your eyes on. To this day, platforms like Ethereum, ICON, Cardano, and Waves have been synonymous incredible returns on investment over the last two years. While this is not financial advice, platform coins may continue to yield positive returns as the industry moves to the early adopter and mass adoption phases over the 5-10 years. In my opinion, Waves is certainly a competitive player in the space with its feature-rich platform, business partnerships, and sleek marketing. If you’re interested in the WAVES token, head over to Huobi Pro where BTC and ETH trading pairs are available.