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Top 11 Best Blockchain Platforms

We have analyzed 350 ICOs that were launched in 2018 and learnt what blockchain platform has the biggest number of successful projects and which of them have recouped manifold. If you want to know the details, read further.

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Cryptoassetsrank.com Published on Jul 02, 2018
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We have analyzed 350 ICOs that were launched in 2018 and learnt what blockchain platform has the biggest number of successful projects and which of them have recouped manifold. If you want to know the details, read further.

A blockchain platform illustrated by a simple example

Blockchain platforms for ICOs are like a state for a business. The country, in which an entrepreneur works, influences the amount of taxes he or she is required to pay, the quality of infrastructure and the ease of doing business. In case of a blockchain platform, it influences the amount of fees, the speed of transactions and the quality of blockchain operation. The platform for launching a startup defines the rules, according to which the startup is going to function.

What platforms get the most investments?

During the first three months of 2018 investors placed $6.3 billion into 350 ended ICOs. The most popular platforms for launching new cryptocurrencies are Ethereum, the developers’ custom platforms and Waves.

The most popular blockchain platforms in the first 5 months of 2018 according to the ICO Watch List website

In 2017 the three leaders among the platforms for launching cryptocurrencies based on blockchain technologies were the same. The level of investment and the number of ended ICOs were lower last year: $3.8 billion and 372 projects respectively.

The most popular blockchain platforms among ICO organizers in 2017 according to the EY research

The first half of 2018 has already shown a 6% increase in the share of Ethereum and a 5% decrease in the share of custom platforms. This tendency shows that the initial coin offering based on Ethereum is more attractive for investors and developers.

ICOs based on new custom platforms require more time and professionalism from the developers, that is why the investors show more trust to the famous tried-and-true platforms with an open source code because they are safer and more reliable. Besides, the changes into such platform are introduced only after they have been voted for by the community.

Key technical capabilities of the platforms

  • Blockchain architecture. It can be decentralized and provide more anonymity and safety or centralized and provide a higher speed of transactions. It can be open (the access to data about the transactions is open to everyone) or closed (the access is limited to a small circle of organizations).
  • Software development kit (SDK). The developers create new cryptocurrencies and programs with its help. SDK must be simple, multifunctional and uploaded to GitHub repositories.
  • Consensus mechanism is a mechanism of creating new blocks. It influences the complexity of mining and the speed of transactions.

Top 11 blockchain platforms

1: Ethereum

Goal: to create the largest distributed ledger platform for launching applications and tokens based on blockchain and smart contracts. Ethereum is a monopolist among the platforms for launching ICO startups: in March 2018, 5,700 forks based on Ethereum were created, while its closest competitor had only 160 forks. Look through the full list of current projects based on Ethereum.

Advantages
Disadvantages
A large audience that is able to pay: the average number of users per day is 600,000;
Ethereum processes 20 transactions per second, which limits its scaling capacity. Visa processes 1,667 transactions per second. In July 2017 the users had to wait for 8-10 hours for the Ethereum transactions to be confirmed because the waiting list reached 300,000 transactions.
the cryptocurrency capitalization is $58 billion;
smart contracts;
developers’ support foundation;
active community.


When to be selected: the highest ROI ICOs based on Ethereum are infrastructure projects, financial and social networks.

2: Waves

Goal: it was created for launching crowdfunding ICOs and user tokens. It is a Kickstarter counterpart for blockchain startups. Look through the list of ICOs based on Waves.

Advantages
Disadvantages
Processes 10,000 transactions per second, due to which it takes no more than 5 minutes to conduct a transaction;
Smart contracts operate in a test mode;
The cost of launching an ICO on the Waves platform is 1 WAVE token or $4.5 (the exchange rate as of March 25, 2018).
The Waves platform uses the Proof-of-Work consensus mechanism that wastes the computational power of the users’ devices.


When to be selected: if it is a startup for launching an exchange site, a payment gateway or a new token.

3: Bitcoin

Goal: to create a decentralized payment platform for anonymous financial operations on the Internet. Bitcoin is the first cryptocurrency in terms of its market capitalization ($130 billion). It is twice as much as the market capitalization of its closest competitor.

Look through the list of current ICOs based on Bitcoin.

Advantages
Disadvantages
It is a major coin for the blockchain community. When someone says that he or she wants to buy cryptocurrency, almost always they mean bitcoins.
Bitcoin blockchain processes 3 transactions per second;
the average fee is $1 ;
the size of the blockchain database is 200 GB.


When to be selected: never. It is the first generation of blockchain that has gone out of date during the past five years. Bitcoin still takes the first place in terms of its price and market capitalization only because it is the most popular cryptocurrency. It has no other advantages.

4: NEO

Goal: to create a Chinese counterpart of Ethereum with centralized control. The developers think that such approach will solve the scalability issue and speed up the project development. You will find the list of NEO-based tokens here.

Advantages
Disadvantages
Unlike Ethereum, where the developers use their own programming language Solidity, NEO supports Python, VB.Net, Java, Microsoft.net, Go, Kotlin, C# and F#;
Because of its centralized nature, this blockchain platform does not provide anonymity for its users and they do not influence the project development.
the network capacity is 10,000 operations per second.


When to be selected: if it is an ICO in the field of Internet banking, logistics or electronic commerce.

5: EOS

Goal: to create a blockchain platform with fast and free transactions. Technical director: Dan Larimer who took part in creating Steemit and Bitshares. You can look through the list of ICOs based on EOS here.

Advantages
Disadvantages
Free transactions;
ICO will end in June 2018, that is why there is no certainty about the product quality and efficiency.
the system can process one million transactions per second.


When to be selected: EOS ICO has not ended yet, that is why so far there is nothing to say about the projects based on this platform.

6: Stellar

Goal: it is “a fractional coin” on the digital assets market. With its help you can convert Bitcoin into Ethereum, Dash, Litecoin and vice versa. Here is a list of ICOs based on Stellar.

Advantages
Disadvantages
A full copy of a ledger is stored on all the platform servers, that is why it will continue to operate even if 49% of servers get hacked;
You are required to buy 20 tokens in order to register a Stellar account.
processes a thousand of transactions per second;
supports the exchange of all cryptocurrencies.


When to be selected: if it is an ICO of a payment gateway, an exchange site or a new token.

7: IOTA

Goal: to create an ecosystem, using which the companies will be able to lend the working capacities of their computers and HDD space, to receive data about their products and to sell them online. The IOTA users will be able to track the condition and control their TVs, fridges and tablets.

Advantages
Disadvantages
There is a demand for the product: the logistics market needs a reliable platform that will be able to track and store information about the goods, freight containers and transport online, on a real time basis;
Uses a ternary code, while other platforms use a binary code. That is why an emulator needs to be introduced into an ICO for all the components that are connected with external devices.Such emulator increases the load on blockchain and the users’ devices.
no fees;
offline payments.


When to be selected: if a project is launched in the field of logistics and the Internet of things.

8: NEM

Goal: to create a cryptocurrency for bank transactions, government payments, trade operations and charity. Current data on the return of investment into NEM is available at this link.

Advantages
Disadvantages
POI consensus mechanism that takes into account the history of transactions and the age and size of the account, which provides a fair distribution of rewards among the users.
No fully functional smart contracts.


When to be selected: if it is a startup in the field of money transfers, banking services or electronic commerce.

9: BitShares

Goal: to create an ecosystem for launching decentralized autonomous companies —  commercial organizations where the profit is distributed among all the users.

The list of current ICOs based on BitShares.

Advantages
Disadvantages
40,000 operations per second;
This platform is seldom mentioned in the news, that is why it has low capitalization and few fans.
third-party companies are allowed to withdraw money from the users’ wallets if they were given a required permit;
on BitShares tokens are created, the price of which is tied to the price of real goods or fiat currencies.


When to be selected: if it is an ICO with a good team of developers and a promising idea.

10: NXT

Goal: it is a platform for launching messengers, electronic payment systems and trading platforms.

Advantages
Disadvantages
It is possible to exchange accounts or to lend them;
POS algorithm concentrates the power in the hands of large investors;
a digital goods shop is built into the system.
there are no smart contracts.


When to be selected: it is an outdated blockchain platform with a limited number of options, that is why it is better not to invest into ICOs based on it.

11: Hyperledger

Goal: to create a hub for ICOs that will be introducing blockchain into the sectors of real economy: industry, logistics, accounting, turnover and trade. The list of ICOs based on Hyperledger is available here.

Advantages
Disadvantages
The list of participants includes IBM, Nokia, Samsung and Intel, J.P. Morgan American Express, BNP Paribas and Well Fargo and more than 100 other famous brands.
The project is in the course of ICO.


When to be selected: If an ICO has a promising idea, a good team of developers and you are ready to risk.

What influences the ICO potential most of all?

The main criterion when selecting a platform for an ICO is the field of blockchain use. According to the results of a research conducted by the EY consulting company, the most successful ICOs are startups developing blockchain infrastructure. The second place is taken by the projects in the field of finances, and the third place by those in the field of advertising and social networks.

Return on investment into ICOs by the types of activity in 2017 according to the EY research

ICOs aimed at the digital data market have the highest return on investment. They brought 150% profit to their investors last year. The second and third places are taken by the startups in the field of digital entertainment, social networks and advertising (50% profit). Infrastructure projects brought 48% profit.

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