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Should you havent run into at least a handful of people that are cynical about the state of the blockchain industry and think its largely 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 them really had working products that are providing real value. The identical study done in 2017 may have yielded some truly discouraging benefits however, even now, the results arent just stellar.

Before we discuss those results with you, its important to define what exactly constitutes a working item 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 high bar to set. We wanted to become a bit more strict with our standards.

When researching this article, we assessed each endeavors status, looked in its roadmap, checked its launch record, and compared completed attributes to what the group promises to deliver in the foreseeable future.

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

There are many projects in the top 100 who have launched their mainnet, and can claim to have a working product by means of a loose definition. But, 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 their standards. .

In other words, the mere existence of a product does not necessarily mean that the product is working. After all, is a foundation doing any work when there's no burden on top of it Additionally, a read this post here 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 will browse through this list, find that their favorite job is missing, and resource then make a comment, What about XYZ project!! We welcome this feedback, as its entirely possible that a few jobs have stronger user bases than indicated in the prevalent documentation about them.

But should you think that we made a mistake, then we request that you provide sources backing up that promise so that we may assess its own validity.

(Editors note: Upon further study and consideration, OmiseGO and Verge, that were originally on this list, have been removed as they do not fulfill the standards outlined above.)

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 outdated, insecure financial infrastructure.

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Now, Bitcoin is being used for peer-to-peer payments throughout the globe. More than this, however, it is 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 to 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 smart contracts, and shifted their attention to compensate.

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

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

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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 for an international transfer to be processed. With just 4 second transaction times and at a fraction of the cost of a wire transfer, Ripples working Related Site product is already 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 much simpler than getting real life adoption for XRP.

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

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