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If 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 very best 100 cryptocurrencies (by market cap) in an attempt to learn how many of these actually had working products that are providing real worth. The identical research done in 2017 may have yielded some truly discouraging benefits however, even now, the results arent just stellar.

Before we share the results with you, its important to define what exactly 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 high bar to set. We wanted to be a bit more strict with our criteria.

When researching this article, we assessed each projects status, looked in its roadmap, assessed its release history, and compared completed attributes to what the team 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 a while, bumping the version numbers well over 1.0. Businesses and individuals use it on a daily basis for dapps, smart contracts, or electronic currency transactions.

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

In other words, the mere existence of a product does not necessarily mean the product is working. After all, is a foundation doing any work when there's no weight on top of it Likewise, a dapp platform that has a mainnet but 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 their favorite project is missing, and then make a comment, What about XYZ project!! We welcome this feedback, as its entirely possible that some jobs have stronger user foundations than indicated in the prevalent documentation about them.

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

(Editors note: Upon further research and consideration, OmiseGO and Verge, that were originally on this listing, have been removed as they do not fulfill 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 individuals disenfranchised with fiat currency and obsolete, insecure financial infrastructure.

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Now, Bitcoin is being employed for peer-to-peer payments throughout the world. More than this, 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 most blockchain projects.

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

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

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

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Current banking infrastructure has failed to grow in the 21st century, such that it still takes 3-5 business days on average to get an international transfer to be processed. With just 4 you can try these out second transaction times and in a fraction of the expense of a wire transfer, Ripples working merchandise is already 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 much easier than getting real-world adoption for XRP.

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

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