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Should you havent run into at least 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 quite long.

We researched the very best 100 cryptocurrencies (by market cap) in an effort to learn how many of them actually had working products that are providing real value. The identical research done in 2017 might have afforded some truly discouraging results but, even now, the results arent exactly stellar.

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

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Considering that blockchain projects 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 projects standing, looked at its roadmap, checked its launch history, and compared finished attributes to what the team promises to provide in the future.

A working merchandise is active and available to the general public. Its mainnet has likely been released for a while, bumping the version numbers well above 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 by a loose definition. However, we've chosen not to include projects which arent actually being used by any significant measure, 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 product is working. After all, is a foundation doing more any work when there's no weight on top of it Additionally, a dapp stage 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 would browse through this list, find that their favourite project is missing, and then leave a comment, What about XYZ job!! We welcome this feedback, as its entirely possible that some jobs have stronger user foundations than indicated in the prevalent documentation about them.

However, if you do think that we made a mistake, we request that you provide sources backing up that claim so we can assess its validity.

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

Bitcoin is the cryptocurrency that began it all back in 2009, following the worldwide financial crisis and subsequent bailouts of banks abandoned many people disenfranchised with fiat currency and obsolete, insecure financial infrastructure.

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Now, Bitcoin is being used for peer payments throughout the world. More than that, however, it is 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 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 the majority of blockchain projects.

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Following Ethereum, teams saw that the value of decentralized apps (dapps) and smart contracts, and changed their focus 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 went live in July 2015.

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

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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 only 4 second transaction times and at a fraction of the cost of a cable 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 far easier than getting real life adoption for XRP.

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

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