Blockchain is undoubtedly one of the most important technological innovations of the last decade. It has the potential to change how we share, trade and secure everything from money, to music, to social media data. What are some up and coming blockchain companies with good prospects?
What is Blockchain Technology?
The blockchain is a distributed database that allows for secure, transparent and tamper-proof record-keeping. It is the underlying technology behind cryptocurrencies like Bitcoin and Ethereum.
Blockchain technology has the potential to revolutionize many industries, from banking to supply chain management. Here are some up and coming blockchain companies that are worth keeping an eye on.
Ripple is a blockchain company that is focused on providing global financial settlement solutions. Their goal is to make it possible for people to send money anywhere in the world, instantly, and at low cost.
IBM is one of the largest tech companies in the world, and they are making a big bet on blockchain technology. They are working on developing enterprise-grade blockchain solutions across a variety of industries.
Coinbase is a digital asset exchange company that allows people to buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and Litecoin. They are also working on building new services to help make crypto more accessible to mainstream users.
These are just a few of the many blockchain companies that are worth watching in the coming years. With their innovative solutions, they have the potential to change the way we interact with the world around us.
Top 10 Up And Coming Blockchain Companies
1. Ethereum: Ethereum is a decentralized platform that runs smart contracts. Smart contracts are applications that run exactly as programmed without any possibility of fraud or third-party interference. Although Ethereum isn’t a company per se, we’ve included it here as well as a few others below.
2. Bitcoin: Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
3. Ripple: Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, ledger and cryptocurrency called XRP (ripples).
4. Litecoin: Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
5. Stellar: Stellar is an open-source, distributed payments infrastructure. It is abstracted away from the underlying blockchain technology, allowing users to easily send money to anyone in the world, instantly and for free.
6. Neo: NEO has been created to shift the traditional economy into the new era of the smart economy. NEO is creating a ‘smart economy’ with a distributed network that allows for the digitization of assets using smart contracts, this enables digital identity and trust to be built into any transaction or asset.
7. Monero: Monero is a secure, private, untraceable currency. It is open-source and freely available to all. With Monero, you are your own bank.
8. Dash: Dash is a more private, faster and cheaper way of using and transferring your money. All transactions are confirmed by miners who get 45% of the block reward. 45% of the remaining block reward is paid to a master node that confirms the transaction.
10. Burst: Burst is different, in that it’s not just about sending money quickly and securely, it also focuses on rewarding network participants for running decentralized applications in a secure and reliable way. This means that you can use burst to send large files over the network instantly, or run a web site, exchange or marketplace without having to pay outrageous fees to centralized services like Dropbox, Amazon S3 or PayPal.
Conclusion
There are a number of up and coming blockchain companies that are worth keeping an eye on. These companies are innovating the way we interact with the blockchain, and they have the potential to change the way we do business. Some of these companies include Blockstack, EOS, and Cardano. Each of these companies is working on something unique that has the potential to revolutionize the blockchain industry. Keep an eye on them, as they may just be the next big thing in blockchain technology.