Presented at S.P. Jain School of Global Management Cryptocurrencies Presented at S.P. Jain School of Global Management 20th May’2018 By: Amey Surendra Gangal Rakesh Sangameswaran Gangacharan Gopishetty

Agenda WePower (WPR) Petro (PTR) Tronix (TRX) Zcash IOTA

We Power (WPR) Industry Energy Platform use case Green Energy Trading Platform built on Ethereum Business Model Clean energy producers create tokens that they can sell to consumers of that energy, one energy token = 1kwh Sale is through bids - Contract between energy producer and consumer to supply energy in the future Money raised in selling tokens is used to build the clean energy power plants by pre-selling energy Benefits for energy producers Fundraising lifecycle reduced Consumers already available

We Power (WPR) ICO Completed 14th Feb’2018 WPR tokens issued as part of fund raising, USD 40 million raised Token type WPR is a utility token - Priority access to bids 0.9% of energy tokens produced Ownership rationale 0.9% of renewable energy accrues to WPR token holder sell on wholesale market or use when available as amount of energy accrued increases, WPR price increases Use of funds 45% Development of platform 25% Expansion 15% Energy market 15% Integration Token availability 55% Token sale 20% Team 15% Community growth 10% Future

Petro (PTR) Industry Sovereign cryptocurrency from Venezuela Use case Circumventing U.S sanctions Supplementing the plummeting fiat currency Platform built on NEM Underlying asset 297 billion barrels of oil reserves Orinoco Belt has 652 billion barrels from oil sands Issuance challenges Incorrect/inconsistent information in the white papers Relatively unknown Russian coders and marketing companies involved Looking abroad, offering discounts (e.g. 30% discount offered to India) Exchanges have avoided Looks like a scam

Tronix (TRX) Industry Entertainment Platform use case Digitial content marketplace Platform built on Ethereum (for now) TRON MainNet (from May 25th) with 10,000 TPS speed Business Model Eliminate middlemen between content creators and consumers TRON 20 token issuance Content creators can also issue their own tokens ICO Issued between 3rd Aug’2017 to 24th Aug’2017 USD 80 billion

Vision - To be the platform for machine-to-machine (M2M) transactions

Facts & Figures 11th June 2016 Launched 2,779,530,283,277,761 Total Coin Supply 9 Rank $4.83 B MARKET CAP  Proof of Work (PoW) Version of SHA-3 Algorithm No blocks Verify two transactions to submit your own transaction Block time/reward IoT grew to 8.4 billion devices. The outlook for future growth is exponential. Gartner Report on IoT (2017)

IOTA - Internet of Things Application IOTA is a cryptocurrency based on tangle technology that focuses on an instant, feeless payments for the Internet of Things. it’s a new crypto technology that facilitates transactions between devices on the Internet of Things (IoT) IOTA addresses the transaction fees and scalability issues of blockchain technologies by getting rid of the block and chain. Tangle proponents believe that its promise of infinitely scalable, feeless payments make a strong case for its superiority over Blockchain In order to submit a transaction to the IOTA ledger, you must verify two other previous transactions. This method of verification means there’s no central ledger, and there’s no need for miners to power the network As the devices on the network randomly verify each other’s transactions, they build consensus through the web of connections between transactions. In cryptography, this type of verification is known as Directed Acyclic Graph (DAG), but the creators of IOTA call it the Tangle. As computing power in the Tangle grows as the network grows, IOTA is promising free, fast transactions. It’s also designed to process micro-payments and payments between machines, facilitating a whole machine-to-machine micro-economy.

Machine to Machine Payments For IoT to be most useful, the devices in the network need to share and allocate resources efficiently. Which means the devices need to be able to purchase more electricity, bandwidth, storage, or data when they need it, and sell those resources when they don’t need them. Blockchain networks struggle with scalability, and they often resort to charging fees in order for miners to include your transaction in a block sooner. IOTA aims to solve both scalability and fees with its new network so that billions of IoT devices can use it. IOTA Is Not a Blockchain Technology The Tangle, a consensus-building system where the device submitting a new transaction must first verify two other transactions on the network. For each verification, the verifier performs a small proof of work linking the transactions into the overall Tangle. The Tangle means that consensus is reached based on a web of verifications. Each transaction is linked to the two transactions it verified, and over time it will be linked to future transactions that verify it. This solves the scalability problem as the network no longer relies on a central blockchain. Every new device on the network contributes its computing power to the network when it submits a transaction. The Tangle also eliminates block mining, and all the coins on IOTA were created at the genesis of the network.

How IOTA is Free to Use Since you contribute computing power to the network when you submit a transaction, the cost of using the network is only as great as the electricity needed to verify two other transactions on IOTA.  The Tangle allows IOTA to operate fee-free, and it means the network is even more distributed than a blockchain network. With blockchain, the network is distributed among the miners on the blockchain. With the Tangle, the network is distributed among every participating node on the network. In order to serve as the backbone for the M2M economy, IOTA has to be free to use.

IOTA Chart

New standard for privacy through the use of groundbreaking cryptography

Facts & Figures Launched 28th October 2016 Maximum total coins 21,000,000 Maximum total coins 21 Rank $1.4 B MARKET CAP  Zero Coin Algorithm 2.5 Minutes Average Block time

ZCASH Zcash is based on the Zerocash protocol which aims to fix Bitcoin’s privacy issues wherein every user’s payment history is in public view on the blockchain. Zcash guarantees privacy by providing Zerocash payment transactions that do not reveal the origin, destination, or amount of any transaction. Zcash encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity. Zcash uses advanced cryptographic techniques, namely zero- knowledge proofs, to guarantee the validity of transactions without revealing additional information about them. zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” which refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier.

Difference between ZCASH & BITCOIN Changing the block interval target from 10 minutes to 2.5 Minutes. Increasing the block size limit to 2MB. Introducing a confidential value transfer scheme. Implementing a 20% reward to the Zcash team for each block rewarded for the first four years (or until the first halving occurs).   

ZCASH Chart

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