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Should you havent run into no less than a handful of folks that are cynical about the state 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 effort to learn how many of them actually had working products which are providing real worth. The same study done in 2017 may 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 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 large bar to set. We wanted to become a bit more strict with our criteria.

When researching this guide, we evaluated each endeavors status, looked in its roadmap, checked its launch history, and compared finished features to what the group promises to provide in the foreseeable future.

A working product is active and accessible to the general public. Its mainnet has likely been released for some time, bumping the version numbers well over 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 who have launched their own mainnet, and can claim to have a working product with a loose definition. However, we've 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 their standards. .

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 work when there's no weight on top of it Additionally, a dapp stage 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 will browse through this listing, find that their favourite project is missing, and then leave a comment, What about XYZ job!! helpful resources We welcome this feedback, as its entirely possible that a few jobs have stronger user foundations than indicated in the prevalent documentation of them.

However, if you do think that we made a mistake, then we request that you supply sources backing up that claim so we may assess its own validity.

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

Bitcoin is the cryptocurrency that began it all 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 employed for peer payments throughout the world. More than that, however, 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 the majority of blockchain projects.

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

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

Since then, hundreds of businesses, individuals, and blockchain projects have adopted 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 for 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 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 much 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 if XRP adoption strategies ultimately come to fruition.

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