We’re investing, we’re waiting, nothing is coming. It might sound shocking, but it appears 60 out of the top 100 cryptocurrencies by market share are yet to actually release a working product to the public – despite raising millions of dollars in funding.
Cryptocurrency analysis firm Invest in Blockchain reviewed the product development efforts of the the top 100 cryptocurrencies to reach this conclusion. Among other things, the company took into consideration each project’s current status, roadmap, release history, and already available features (that have actually been delivered).
The study has defined a working product as one that is available to the public, and is used on a daily basis. The authors point out that many cryptocurrencies in the top 100 can “claim” to have a working product, but a dApp platform with no use cases or an active user base does not constitute a working product by the definition of this study.
Next to dApps, the authors also looked into other blockchain use cases like payment protocols and smart contract platforms. Naturally, the likes of Bitcoin, Ethereum, Ripple, Stellar, Litecoin, and Bitcoin Cash all feature on the list of working products, as these are widely, and actively used everyday. Interestingly, most of the 40 cryptocurrencies with active products were either payment systems (like Bitcoin or Litecoin) or smart contract platforms (like Ethereum).
For the record, Invest in Blockchain points out that there are a number of companies with working products that don’t necessarily fit either of these two categories. One such example would be the controversial decentralized prediction marketplace Augur. Read more from thenextweb.com…
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