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Should you havent run into at least a handful of folks who are cynical about the condition 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 effort to learn how many of these really had working products that are providing real worth. The same study done in 2017 may have afforded some truly discouraging benefits however, even now, the consequences arent just stellar.

Before we share those results with you, its important to define just what 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 high bar to set. We wanted to become somewhat more rigorous with our standards.

When researching this article, we evaluated each projects status, looked in its roadmap, assessed its launch history, and compared finished features to what the team promises to provide in the foreseeable future.

A working merchandise is active and accessible to the general public. Its mainnet has probably been released for some time, bumping the version numbers well above 1.0. Businesses and individuals use it on 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 item with 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 our standards. .

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 burden on top of it Likewise, 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 will read through this list, find their favorite project is missing, and then make a comment, What about XYZ job!! We welcome this feedback, as its entirely possible that a few 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 supply sources backing up that promise so we may assess its validity.

(Editors note: Upon further research 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 global financial crisis and subsequent bailouts of banks abandoned 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 that, though, it's leading the way towards a future in which financial technology is trustless, secure, resilient, and censorship resistant. With no Bitcoin, this list 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 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, with a crowdsale the following July. The system went live in July 2015.

Since then, hundreds of businesses, individuals, and blockchain jobs have adopted 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 takes 3-5 business days on average to get an international transfer to be processed. With just 4 second transaction times and at a fraction of the expense 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 easier than getting real-world adoption anonymous for XRP.

If youre interested in seeing a discussion about how XRP adoption will occur, you might find that this reddit thread worth a read. Meanwhile, all people will just have to wait and see if XRP adoption strategies ultimately come to fruition.

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