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Should 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 quite long.

We researched the top 100 cryptocurrencies (by market cap) in an effort to learn how many of these actually had working products which are providing real value. The same research done in 2017 may have yielded some truly discouraging benefits however, even now, the consequences arent just stellar.

Before we discuss the 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 large bar to set. We wanted to be somewhat more rigorous with our standards.

When researching this article, we assessed each endeavors standing, looked in its roadmap, checked its launch record, and compared completed attributes to what the group 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 with means of a loose definition. But, we have chosen not to include projects which arent really being used by any significant measure, 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 that the item is working. After all, is a foundation really doing any job when there is no weight on top of it Likewise, a dapp stage that has a mainnet but doesnt have any noteworthy dapps on top of it isnt considered working by this criteria. .

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No doubt many people will browse through this list, find that their favorite 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 weblink indicated in the prevalent documentation of them.

But if you do think that we made a mistake, then we ask that you supply 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 meet the standards outlined above.)

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the worldwide financial crisis and subsequent bailouts of banks left many people disenfranchised with fiat currency and outdated, insecure financial infrastructure.

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Now, Bitcoin is being used for peer-to-peer payments throughout the world. More than this, though, 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 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 that the value of decentralized apps (dapps) and clever contracts, and changed their focus to compensate.

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

Since then, hundreds of businesses, individuals, and blockchain jobs have adopted Ethereum because their main smart contracts stage.

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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 to get an international transfer to be processed. With only 4 second transaction times and in a fraction of the expense of a wire transfer, Ripples working product is currently 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 far easier than getting real life adoption for XRP.

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

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