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Should you havent run into no less than a handful of folks that are cynical about the state of this blockchain industry and think its largely scams and vaporware, well you probably havent been into crypto for quite long.

We researched the very best 100 cryptocurrencies (by market cap) in an attempt to learn how many of these really had working products which are providing real worth. The identical study done in 2017 might have yielded some truly discouraging benefits however, even now, the consequences arent exactly stellar.

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

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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 rigorous with our standards.

When researching this article, we assessed each projects status, looked in its roadmap, checked its release record, and compared finished attributes to what the team promises to provide in the foreseeable future.

A working product is active and accessible to the public. Its mainnet has likely been released for a while, bumping the version numbers well above 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 who have launched their own mainnet, and can claim to have a working item by means of a loose definition. But, we have chosen not to include projects which arent actually being used by any significant step, 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 go to these guys necessarily mean check this the item is working. After all, is a foundation doing any job when there is no weight on top of it Additionally, a dapp platform that has a mainnet but that doesnt have any noteworthy dapps on top of it isnt considered working by this standards. .

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

But if you do think that we made a mistake, we request that you supply sources backing up that promise so that we can assess its validity.

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

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

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Now, Bitcoin is being employed for peer payments across the globe. More than this, however, it's leading the way towards a future in which financial technology is trustless, secure, resilient, and censorship resistant. With no Bitcoin, this record would not exist.

The platform that brought 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 saw the value of decentralized programs (dapps) and clever contracts, and shifted their focus to compensate.

Vitalik Buterins Ethereum whitepaper was released in late 2013. The job 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 embraced Ethereum because their main intelligent contracts platform.

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Current banking infrastructure has failed to evolve in the 21st look at this now century, such that it takes 3-5 business days on average for 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 product is currently impacting the banking sector. .

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-world adoption for XRP.

In case youre interested in seeing a discussion about how XRP adoption will occur, you may find this reddit thread worth a read. Meanwhile, all people will just have to wait and see whether XRP adoption plans ultimately come to fruition.

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