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If you havent run into at least a handful of folks that are cynical about the condition of this 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 them really had working products that are providing real worth. The same research done in 2017 may have afforded some truly discouraging benefits but, even now, the consequences arent exactly stellar.

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

 

 

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Considering that blockchain projects are open-source, building a fundamental 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 guide, we evaluated each endeavors standing, looked at its roadmap, assessed its launch record, and compared finished features to what the team promises to deliver in the foreseeable future.

A working product is active and accessible 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 daily basis for dapps, smart contracts, or digital currency transactions.

There are many jobs in the top 100 who have launched their 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 their criteria. .

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 job when there's no weight on top of it Additionally, a dapp stage 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 listing, find their favourite project 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 that we made a mistake, then we ask that you supply sources backing up that promise so that we can assess its own validity.

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

Bitcoin is the cryptocurrency that started it all 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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Today, Bitcoin is being employed for peer-to-peer payments throughout the world. More than this, however, it is 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 brought 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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Following Ethereum, teams saw the value of decentralized programs (dapps) and smart contracts, and changed their focus to compensate.

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

Since then, hundreds of businesses, individuals, and blockchain jobs 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 still takes 3-5 business days on average for an international transfer to be processed. With only 4 second transaction times and in a fraction of the cost of a wire transfer, Ripples working merchandise is currently impacting the banking industry. .

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

In case youre interested in seeing a discussion about the way site link XRP adoption will occur, 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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