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If you havent run into at least a handful of people who are cynical about the state of this blockchain industry and think its mostly scams and vaporware, well you probably havent been into crypto for very long.

We researched the very best 100 cryptocurrencies (by market cap) in an attempt to learn how many of them really had working products that are providing real value. The identical study done in 2017 may have afforded some truly discouraging benefits but, even now, the consequences arent just stellar.

Before we share those results with you, its important to define just what constitutes a working item in the first location.

 

 

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Considering that blockchain projects are open-source, building a basic blockchain and launching it isnt a very high bar to set. We wanted to be somewhat more rigorous with our criteria.

When researching this article, we evaluated each projects standing, looked in its roadmap, checked its launch record, and compared completed features to what the group promises to provide in the foreseeable future.

A working merchandise is active and accessible to the general public. Its mainnet has likely been released for some time, bumping the version numbers well over 1.0. Businesses and individuals use it on daily basis for dapps, smart contracts, or digital currency transactions.

There are many jobs in the top 100 that have launched their own mainnet, and can claim to have a working item by means of a loose definition. However, we have chosen not to include jobs which arent actually being used by any significant measure, which means that nearly all of the recently launched mainnets will not yet meet our criteria. .

In other words, the mere existence of a product does not necessarily mean that the item is working. After all, is a foundation doing any work when there is no weight on top of it Likewise, a dapp platform which has a mainnet but that doesnt have any noteworthy dapps on top of it isnt considered working by this criteria. .

 

 

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No doubt many people would read through this list, find that their favourite project is missing, and then leave a comment, What about XYZ project!! We welcome this feedback, as its entirely possible that a few projects have stronger user bases than indicated in the prevalent documentation about them.

But should you think we made a mistake, we ask that you provide sources backing up that claim so from this source we may assess its validity.

(Editors note: Upon further study and consideration, OmiseGO and Verge, which were originally on this listing, have been eliminated as they do not meet the criteria outlined previously.)

Bitcoin is the cryptocurrency that started it back in 2009, following the worldwide financial crisis and subsequent bailouts of banks left many people disenfranchised with fiat currency and obsolete, insecure financial infrastructure.

 

 

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Today, Bitcoin is being used for peer payments across the world. More than that, however, it's leading the way towards a future in which financial technology is trustless, secure, resilient, and censorship resistant. Without Bitcoin, this record would not exist.

The platform that attracted smart contracts to the blockchain, spurring a minor revolution in the cryptocurrency ecosystem. Before Ethereum, Bitcoin and its transaction-oriented design was the central focus of the majority of blockchain projects.

 

 

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Following Ethereum, teams saw the value of decentralized apps (dapps) and clever contracts, and shifted their attention to compensate.

Vitalik Buterins Ethereum whitepaper premiered in late 2013. The job itself was announced January 2014, with a crowdsale the following July. The system went live in July 2015.

Since then, hundreds of businesses, individuals, and blockchain jobs have adopted Ethereum because their main smart contracts platform.

 

 

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Current banking infrastructure has failed to evolve in the 21st century, such that it takes 3-5 business days on average to get an international transfer to be processed. With only 4 second transaction times and in a fraction of the expense of a wire transfer, Ripples working merchandise is already impacting the banking industry. .

The my response big knock against her explanation Ripple is that its native token, XRP, is completely unnecessary. Indeed, driving adoption of Ripples banking solutions is far easier than getting real-world adoption for XRP.

If youre interested in seeing a discussion about how XRP adoption will happen, you might find this reddit thread worth a read. Meanwhile, all of us will just have to wait and see whether XRP adoption plans ultimately come to fruition.

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