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Should you havent run into no less than a handful of folks who are cynical about the condition of the blockchain industry and think its mostly scams and vaporware, well you probably havent been into crypto for very long.

We researched the top 100 cryptocurrencies (by market cap) in an effort to learn how many of these actually had working products which are providing real value. The identical research done in 2017 might have afforded some truly discouraging results however, even now, the consequences arent exactly stellar.

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

 

 

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Considering that blockchain jobs are open-source, building a basic blockchain and launching it isnt a very large bar to set. We wanted to become a bit more strict with our standards.

When researching this guide, we evaluated each projects status, looked at its roadmap, assessed its release history, and compared finished 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 probably been published for a while, 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 projects in the top 100 that have launched their own mainnet, and can claim to have a working product by means of a loose definition. However, we've chosen not to include jobs which arent actually being used by any significant measure, which means that most of the recently launched mainnets will not yet meet their standards. .

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

 

 

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No doubt many people will browse through this list, find their favorite job is missing, and then leave a comment, What about XYZ job!! We welcome this feedback, as its entirely possible that some projects have stronger user foundations than indicated in the prevalent documentation of them.

However, should you think we made a mistake, we request that you provide sources backing up that promise so we can assess its validity.

(Editors note: Upon further research and consideration, OmiseGO and Verge, which were originally on this listing, have been removed as they do not meet the standards outlined above.)

Bitcoin is the cryptocurrency that began it back in 2009, after the worldwide financial crisis and subsequent bailouts of banks abandoned many individuals disenfranchised with fiat currency and outdated, insecure financial infrastructure.

 

 

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Now, Bitcoin is being employed for peer payments throughout the world. More than that, her latest blog though, it's leading the way towards a future in which financial technology is trustless, secure, resilient, and censorship resistant. Without Bitcoin, this list would not exist.

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

 

 

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After Ethereum, teams noticed that the value of decentralized apps (dapps) and clever contracts, and changed their attention to compensate.

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

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

 

 

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

The big knock against Ripple is that its native token, XRP, is utterly unnecessary. Indeed, driving adoption of Ripples banking solutions is far simpler than getting real life adoption for XRP.

If youre interested in seeing a discussion about how XRP adoption will happen, you may 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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