Report: Only 40 Out Of 100 Top Cryptocurrencies Have “Working Products”

Report: Only 40 Out Of 100 Top Cryptocurrencies Have “Working Products”

Recently, Invest in Blockchain, a website that analyzes cryptocurrency platforms published their research findings by Top 100 Cryptocracies by Market Capitalization.

The goal of the study was to determine which digital currencies “Actually there were such products that were providing real value.”

According to invest in blockchain, only 40 out of the top 100 crypto projects have legitimate use cases or a working product, according to invest in blockchain, in order to assess their utility, the present status of each project was evaluated, in addition to its roadmap, and release history.

Researchers at Invest in Blockchain then “compared [each crypto project’s] completed features to what [their] team promises to deliver in the future.”

Apart from this, a working product should be active, which means that it should be accessible to the public and its mainnet should also be launched, the crypto research site noted.

“Without Bitcoin, This List Would Not Exist”

In particular, Bitcoin (BTC) was ranked number one by the Crypto analysis site because “it is moving towards the future in which financial tech are dependable, Safe, flexible, and censorship-resistant. ” Investors in Blockchain researchers also said that “Without the bitcoin, this list will not be exist.”

Ethereum (ETH), Smart Contract Platform, came second in the list of crypto research site and Ripple company’s financial products suite was at number three because it “is already impacting the banking sector.

Invest in blockchain said. According to the company’s findings, Ripple’s XRP cryptocurrency is capable of processing cross-border payments in only 4 seconds.

Bitcoin Cash (BCH), more than 40 bitcoins (BTC) is the most effective fork till date, Blockchain was at number four by investing because large blocks of BCH allow high transaction throughput.

In addition, “Its fees and time of transaction are very fast”, the Crypto Research site noted.

 

Not in List “TRON (TRX), IOTA, Cardano (ADA)”

Other cryptoscurrency platforms which were shown on investment in Blockchain’s list include LiteCoins LTC), Stellar (XLM), Qtum, Zcash (ZEC), Binance Coin (BNB), Monero (XMR), Tether (USDT), Verge (XVG), and Augur (REP).

The interesting thing is that Justin Sun’s TRON (TRX) platform was clearly absent from the list of crypto research sites and IOTA, and Charles Hoskinson’s Cardano (ADA) was also not qualified as working products.

 

 

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