How to get your Passphrase from wallet

If you have generated your NXT wallet directly on the website, then you probably know by now that wallet doesn’t have a passphrase unlike the Nxt Client. And with wallet, you won’t be able to access the tokens in your account (eg; Ardor). And if you were to access your newly generated wallet (account) in the NXT Client, you won’t be able to make any transactions, since Nxt Client requires a passphrase for making transactions. Luckily, there is a solution!

It was very difficult to find this information, and I’m not sure why it’s not on the’s FAQ section.

Here is the steps involved in generating a passphrase for wallets. Continue reading

Potentially Promising Crypto-Startups to Watch (part-2)

You can read the part-1 here.

So much development has been happening in the crypto-technology lately. Below are some of the startups which I recommend to keep an eye on:

Waves Platform

Waves Platform is one of the most funded projects of all time, it raised ~30,000 bitcoins during its ICO (Initial Coin Offering), which was equal to ~$16mil US dollars at the time (now ~$19mil). It’s founded by a Russian entrepreneur Sasha Ivanov, who has previously founded Coinomat and was also an NXT developer.


Waves promises to offer multiple services on its platform, one of the significant ones are being the following:

1) Token Issuance – any business or individual can create their own tokens on Waves Platform. And it can be traded against other tokens in the Waves DEx (Decentralized Exchange). This has a huge potential to digitize and make the traditional rewards points systems blockchain-enabled. Incent is the first startup in this area which will be using Waves Platform.

2) Decentralized Exchange (DEx) – Waves will also have DEx for users to trade crypto-currencies such as bitcoin, ethereum, and other major altcoins. The tokens that are issued on Waves Platform can also be bought and sold against any other cryptocurrencies on the DEx.

3) Decentralized Crowd-Funding – This is similar to Kickstarter platform, but it has one significant difference. Normally on Kickstarter, you will get a product for supporting the startup. Whereas on Waves Platform, when you support a Startup, you invest your money in a startup and in return you will get their tokens. These tokens will act as a company share and naturally based on the performance of the startup can increase or decrease in value. Number of tokens will depend on how much money you invest in a startup. After the crowdfunding is over, tokens can be acquired or sold on the DEx.

4) Payment Gateways – Payment Gateways are the bridge between internet and banks (eg; PayPal). Unlike other blockchain based platforms, Sasha promises Waves to be a real-world friendly platform for both businesses and individuals. Anyone with an internet browser and a bank account will be able to have access to a blockchain technology and start using it for the above mentioned purposes (eg; trading digital currencies and tokens, starting a crowdfunding..etc). Various Payment gateways are being promised to be integrated to Waves Platform. Continue reading

Potentially Promising Crypto-Startups to Watch (part-1)

I have written about some of the innovative startups around the bitcoin blockchain technology in my previous post. In this post, I will be covering some of the startups related to Bitcoin and I will also be covering some alternative blockchains (alt-coins or alt-chains) to Bitcoin that are potentially promising.


syscoinSyscoin is one of the lesser known alternative blockchains out there. Coinmarketcap, website that tracks crypto-currencies now lists more than 700 different crypto-currencies.

Syscoin is similar to bitcoin in the sense that it has its own blockchain and crypto-currency, however in addition to these two main components, it also has built-in; decentralized marketplace, aliases, digital certificates, and data-alias (datastore).

Most of the other alt-coins (alternative coins to Bitcoin) are quite similar to each other and similar to Bitcoin in itself, with just a few tweaks in the algorithm. But Syscoin has fundamental differences to Bitcoin as mentioned above, which makes it one of the unique alt-coins that stand out from the rest.

Additionally it appears that it has a strong founding team with clear (medium-term) product roadmap that has been outlined on their website.

Here is a good diagram that shows the differences between Bitcoin and Syscoin. And here is an interesting interview with Dan, who is in charge of the Dev team.



Ethereum is probably the most promising alternative blockchain application platform that is getting most of the spotlight at the moment besides Bitcoin and it’s rightly so. Keyword here is “blockchain app platform”, think of it as – if Bitcoin is a settlement and payment protocol, then Ethereum is a blockchain app platform. One provides bare bone functionality for financial settlement and value transfer, another provides ability to build any decentralized blockchain based apps.


Ethereum comes with its own programming language called Solidity for programming decentralized apps or smart contracts on Ethereum blockchain.

Ethereum has become popular thanks to its outgoing founder Vitalik Buterin, who goes around the world organizing DevCons for Ethereum project. I would say Ethereum’s vision mainly relies on Vitalik’s own vision. And as long as Vitalik is leading the Ethereum project, it should be heading to steady success.

Here is a list of Ethereum dapps (decentralized apps)

Website Continue reading