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If you havent run into no less than a handful of people who are cynical about the state 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 them actually had working products which are providing real worth. The same research done in 2017 may have yielded some truly discouraging results but, even now, the consequences arent exactly stellar.

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

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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 be a bit more strict with our criteria.

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

A working product is active and available to the public. Its mainnet has probably been published 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 jobs in the top 100 who have launched their own mainnet, and can claim to have a working product by a loose definition. However, we have chosen not to include jobs which arent actually being used by any significant step, which means that nearly all 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 platform 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 will browse through this list, find that their favorite job 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 bases than indicated in the prevalent documentation of them.

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

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

Bitcoin is the cryptocurrency that started it back in 2009, following the worldwide financial crisis and subsequent bailouts of banks left many people 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 world. More than this, though, it is 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 own transaction-oriented design was the central focus of the majority of blockchain projects.

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Following Ethereum, teams noticed the value of decentralized programs (dapps) and clever contracts, and shifted their attention 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 intelligent contracts platform.

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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 just 4 second transaction times and at a fraction of the cost of a wire transfer, Ripples working product is already impacting the banking sector. .

The big knock against Ripple is that its native token, XRP, is utterly unnecessary. Indeed, driving view adoption of Ripples banking solutions is far easier than getting real life adoption for XRP.

In case youre interested in seeing a discussion about the way XRP adoption will occur, you may find that this reddit thread worth a read. informative post Meanwhile, all people will just have to wait and see whether XRP adoption strategies ultimately come to fruition.

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