1680Blockchain projects compete with each other in terms of their speed of operations, as well as their attractiveness to the global financial community.
They are considered the future engine of the world economy. Some credit institutions are already actively interested in the technology because of their desire to provide absolute security of monetary transactions to their clients. For example, Facebook recently released its own cryptocurrency. Some blockchain projects have succeeded commercially in just a year. For others, five years were not enough for a full-fledged entry in to the market. In addition to the extremely successful Bitcoin, there are about a thousand projects actively developing in the field of blockchain at the moment. We have chosen 10 of the most promising, interesting, and commercially attractive blockchain projects.
10. DACC (DACC)
This blockchain project is almost entirely content-based and is a distributed file system. According to experts who assess the potential of startups, this allows for a kind of revolution in the digital media industry. The technology, which is being called the next breakthrough in the blockchain industry, is already supported by a large number of companies. Crypto Capital, FBG Capital, TRON, Consensus Capital, and some other projects are involved in the financing of the project. The currency capitalization is no more than $2 billion and it is most active on the KuCoin exchange.
What is special about it?
The founders conceived the project to allow the user to have complete control over content creation, as well as access to it and sending or storing early versions. The distinctive features of the currency, however, has not resulted in significant growth; the cost of the token falls from month to month.
9.FCoin (FT)
The project is considered one of the most transparent cryptocurrency exchanges. It is based in China and is completely decentralized. The exchange is based on a profit distribution mechanism and a mining system. Up to 80% of the funds used in the company's turnover are returned to its community.
What is special about it?
Today, the cost of one project token is less than a dollar. The capitalization of the system has reached 16 billion rubles. Media coverage for the company's rapid growth is currently around $17 million per day. The project has officially entered the global market and its creators are going to put FCoin on par with the most quoted currencies.
8. Celsius Network (CEL)
The project deals with operations using cryptocurrencies in the banking sector. The lending platform, based on the company's technologies and blockchain, allows developers to receive up to 5% profit for their own cryptocurrency. Users can take out a loan at 9% per annum; in this case, the cryptocurrency wallet will become the collateral. The cost of one CEL token does not exceed five rubles at the moment.
What is special about it?
The company is unique in the technology it uses for issuing loans, in which cryptocurrency plays a dominant role. The project developers' goal for the coming years is to attract more than one hundred million people to start using cryptocurrencies. Thus, the company would be able to completely replace existing offline credit organizations.
7. Stellar (XLM)
Transforming the protocol that was previously used to create Ripple, the project developers introduced a new interface called Stellar. The source code, which is nothing new, is open source. The currency was the same name at the launch of the project, but after a while the developers decided to change the name to Lumen. This is a rather rare situation in the modern blockchain project market. According to analysts' forecasts, such a decision may threaten the company because of the loss of results from marketing promotion.
Funding for the project is almost entirely provided by the American business solutions company Stripe. The currency was initially backed by funds from the Stellar Development Foundation, an independent fund, and only after the creation of the organizational structure did the project have a third-party investor.
The cost of one token is about 6 rubles. The capitalization of the entire project exceeds 16 billion rubles.
What is special about it?
The project works with smart contracts which have multi-signatures, transaction time limits, and their atomicity available. The transaction confirmation speed is reached in a maximum of 5 seconds (which is considered excellent). A user familiar with the functionality of the system has the ability to quickly conduct several micro-transactions.
Stellar has attracted financial giants from the economic sphere in various countries, primarily because of the increased compatibility of the system with any financial market. Now the startup, which has helped several dozen programmers get their start, has started collaborating with Deloitte and IBM, a monopoly in its field.
6. Cardano (ADA)
The project was launched two years ago and Cardano has remained in the same place in the world rankings for a year. In general, the software aims to create side-chains, multi-batch computing, smart contracts, and decentralized applications.
The developers are Input Output Hong Kong and Charles Hoskinson, who has co-founded Ethereum, Ethereum Classic, and other cryptocurrencies during his career. The project team argues that Cardano can significantly change the existing cryptocurrency market. The technology used, in the opinion of the ruling elite, is "ideal" for circulation within the financial system.
Today the capitalization of the project is just over two billion dollars. At the same time, the cost of the token has remained at the same level for several months in a row and is approximately $0.07.
What is special about it?
The project's cryptocurrency is powered by CSL - its own blockchain consists of two layers, the first of which directly supports operations with wallets and the second is a "layer" for applications and smart contracts. According to its creators, this can greatly simplify the work of users (including commercial, that is, legal entities) with the currency. The currency uses a programming language with an overestimated degree of fault tolerance.
5. Robinhood (RHET)
The application was created to trade shares and tokens (Bitcoin and Ethereum) without paying commission. Any user of the service can track the value of many different tokens, but trading is still limited to only two currencies. As the founders of the project say, the service is based on the principle of attracting a large number of customers, not profit. So far, the company is working at zero or at a loss and one of the project representatives, Vlad Tenev, said in an interview that his brainchild would barely be able to earn income in the near future.
What is special about it?
More than three million active traders use the application. It entered the market in 2012 and since then has been gaining momentum and developing for markets in various countries. The emphasis is on America; the company is considered one of the most expensive crypto startups from the United States. Its cost exceeds $1.5 billion to date.
It is interesting that the project does not take commission for trading (that is, actually buying shares). That is why it is attracting the attention of an increasing number of independent investors.
4. EOS (EOSIO)
This platform is operated under the MIT license. The project allows you to create blockchain applications based on it. The company Block.one, the developer of the project, offers computing resources to third-party individuals. Computing resource quotas are allocated within the smart contract system through token bidding or currency-related voting.
The system, despite the increased interest in its work and the large number of developers involved in the project, is officially at the "early access" stage now. There is a risk of losing investor's interest in the project. In addition, the founders of the company do not restrict the third-party inflow of funds for its financing, which can lead to a revaluation of the currency.
What is special about it?
The operating system offers solutions for application creation and authentication. Therefore, a business collaborating with this project gives almost all blockchain-related processes to the company. Interestingly, the creators have abandoned the user commission in order to increase loyalty.
3. Chainalysis
The company monitors blockchain projects and cryptocurrency exchanges. They investigate situations of money laundering and fraudulent activities. It was created in 2014 and has attracted the attention of U.S. government agencies and Europol since its inception. The creators of the project had earned over a million dollars by the end of last year.
What is special about it?
The project is now working with the FBI to help detect fraud and thwart illegal transactions. Thanks to the company's services the following information has been made public: the details of the creation of the Silk Road marketplace, actions that led to the bankruptcy of the Mt.Gox exchange, and various methods of withdrawing funds from users' cryptocurrency wallets.
Thanks to the project, it became possible to track the payment of taxes by traders - despite the fact that this removes anonymity. The service is used by most of America's economic agencies.
2. IOTA
The project was founded 4 years ago and proposed cryptocurrency for the Internet of Things. According to the developers, the purpose of creating IOTA was the development of blockchain technologies within the Internet of Things for the successful use of cryptocurrency in this niche. In 2017, two years after its launch, the project entered the data market using the original IOTA technologies.
What is special about it?
Online transactions are free and the system scales quickly, making it a very promising area of development. Today, the project is fully controlled by the fund of the same name, which is interested in the phased development of blockchain technology and its implementation in the already existing Internet of Things.
1. Ethereum (ETH)
Perhaps the largest (with the exception of Bitcoin that took off a couple of years ago) blockchain project in the world, Ethereum is in demand among legal entities and individuals. The potential of the currency is hidden in the development of smart contracts and wide functionality; the platform is already being used in various economic areas. Any developer can run their own application based on the project. Interestingly, more than half of the currently existing blockchain projects run on Ethereum.
Microsoft, JPMorgan Chase, and IBM are all interested in development. Subsequent generations of cryptocurrencies that are based on it were created using the ERC20 standard which was introduced by specialists from the project's team.
Today, one token costs about 18 rubles and is listed on most existing exchanges. The capitalization of the currency exceeds $30 billion.
What is special about it?
The main differences between this cryptocurrency and its closest competitors are the ability to reach a large audience and the absence of blind spots in the user experience. Developers get a wide and intuitive range of functions that only requires a few days to understand. But due to its popularity the network is constantly loaded. As a result, the long loading time of operations and transactions is considered the main disadvantage of the project.
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Ethan Oakes
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