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If you havent run into no less than a handful of folks that are cynical about the condition of the blockchain industry and think its mostly 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 really had working products that are providing real value. The identical research done in 2017 might have afforded some truly discouraging benefits but, even now, the results arent exactly 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 be somewhat more rigorous with our standards.

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

A working merchandise is active and available 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 digital currency transactions.

There are many jobs in the top 100 that have launched their own mainnet, and can claim to have a working product with means of a loose definition. But, we have chosen not to include projects which arent really 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 necessarily mean that the item is working. After all, is a foundation doing any job 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 criteria. .

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

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

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

Bitcoin is the cryptocurrency that started it all back in 2009, after the global financial crisis and subsequent bailouts of banks abandoned many individuals disenfranchised with fiat currency and obsolete, insecure financial infrastructure.

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Today, Bitcoin is being used for peer-to-peer payments throughout the globe. 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 attracted smart contracts into 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 apps (dapps) and clever contracts, and shifted their attention to compensate.

Vitalik Buterins Ethereum whitepaper premiered 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 embraced Ethereum as their main intelligent contracts platform.

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Current banking infrastructure has failed to evolve in the 21st century, such that it still 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 expense of a wire transfer, Ripples working 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 easier than getting real-world adoption for XRP.

In case youre interested in seeing a discussion about how XRP adoption will happen, you may over here find this reddit thread worth a read. Meanwhile, all of us will just have to wait like this and see if XRP adoption plans ultimately come to fruition.

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