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Should you havent run into at least a handful of people 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 top 100 cryptocurrencies (by market cap) in an effort to learn how many of them actually had working products which are providing real value. The identical research done in 2017 may have yielded some truly discouraging benefits however, even now, the consequences arent exactly stellar.

Before we discuss those results with you, its important to define what exactly 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 large bar to set. We wanted to become a bit more rigorous with our standards.

When researching this article, we evaluated each endeavors standing, looked at its roadmap, assessed its launch history, and compared completed features to what the team promises to provide in the foreseeable future.

A working product is active and available to the general public. Its mainnet has probably been released for some time, bumping the version numbers well over 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 who have launched their own mainnet, and can claim to have a working product by a loose definition. However, we've chosen not to include jobs which arent actually being used by any significant measure, which means that most 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 item is working. After all, is a foundation really doing any work when there is no weight on top of it Likewise, a dapp stage which 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 will browse 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 projects have stronger user bases than indicated in the prevalent documentation of them.

But should you think that we made a mistake, we ask that you supply sources backing up that claim 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 eliminated as they do not meet the criteria outlined above.)

Bitcoin is the cryptocurrency that started it all back in 2009, why not try these out after the worldwide financial crisis and subsequent bailouts of banks abandoned many people 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 record would not exist.

The platform that brought smart contracts to view it now the blockchain, spurring a minor revolution in the cryptocurrency ecosystem. Before Ethereum, Bitcoin and its transaction-oriented design was the central focus of the majority of blockchain projects.

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Following Ethereum, teams noticed that the value of decentralized apps (dapps) and smart contracts, and shifted their focus to compensate.

Vitalik Buterins Ethereum whitepaper was released 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 jobs have embraced Ethereum as their main smart 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 to get an international transfer to be processed. With just 4 second transaction times and at a fraction of the cost 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 completely unnecessary. Indeed, driving adoption of Ripples banking solutions is much simpler than getting real-world adoption for XRP.

If youre interested in seeing a discussion about how XRP adoption will occur, you may find 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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