Top 10 blockchain platforms
Here’s our rundown of the world’s top blockchain companies based on market capitalisation.
10 | Brave
Brave is a web browser that blocks advertisements and trackers. According to Brave, ‘Digital advertising is broken. It is a market filled with middlemen and fraudsters, hurting users, publishers and advertisers. The Basic Attention Token (BAT) was developed to address this.’ Users viewing ads will be rewarded with BATs which can then be used for premium content or services on the platform. Founded by Brendan Eich and Brian R. Bondy in early 2017, Brave has around 2-3mn users and market capitalisation of $340mn.
9 | Golem
Launched in late 2016 by Julian Zawistowski and Piotr Janiuk, Golem reached 4mn users by the end of 2017, with its market capitalisation standing at $500mn. Golem’s goal is to become the decentralised supercomputer of the world. Essentially, the project allows owners of idle PCs to rent out processing power to its infrastructure and rewards them with Golem’s network token – GNT.
8 | Steem
Steem is a blockchain-based social media platform that was founded by Ned Scott and Dan Larimer in the summer of 2016. It’s thought that around 500,000 people use it and market capitalisation is $850mn. Steem users earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem-based currencies in a vest fund, which generates interest. Rewards depend on the number of “likes” a post gets.
7 | Augur
Started back in August 2015, Augur is the brainchild of Jack Peterson and Joey Krug. Market capitalisation is $1bn. Augur is a decentralised prediction market that’s built on top of the Ethereum blockchain. A prediction market is a tool for forecasting the outcomes of future events. Prediction markets allow users to trade based on their expectation of how a real-world event will play out and lets them buy shares based on these predictions.
6 | Coinbase
Coinbase is a secure online platform for buying, selling, transferring and storing digital currency. Its ambition is to ‘create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.’ It is currently one of the top digital currency wallet and platforms for exchange. In 2016, it was transformed to GDAX, the Global Digital Asset Exchange. Market capitalisation stands at $2bn.
5 | OmiseGO
OmiseGO market capitalisation is $2.7bn. Built on the Ethereum platform, OmiseGO’s objective is to become the leading, peer-to-peer cryptocurrency exchange platform. A financial platform, it intends to disrupt current financial institutions and methodologies. Founded by Jun Hasewaga and Donnie Harinsut, its team of advisors includes Vitalik Buterin.
4 | Qtum
Qtum has been running since March 2017 when it was launched by Patrick Dai, Neil Mahi and Jordan Earls. Qtum is a cryptocurrency and Smart Contract platform that aims to combine the best of both worlds. The platform uses Account Attraction Layer to combine Bitcoin Core and Ethereum Virtual Machine. Market capitalisation is $5bn.
3 | IOTA
Launched in July 2016 by David Sønstebø and Dominik Schiener, IOTA is a transactional settlement and data transfer layer for the internet of things. This system has no transaction fees, low confirmation time and employs a new distribution ledger called ‘Tangle’. The company received significant investment from the Bosch Group in 2017 and market capitalisation is approximately $15bn.
2 | Ripple
Ripple provides one frictionless experience to send money globally using the power of blockchain. Its main goal is to make an entire system devoted to money transferring. Launched in 2012 by Brad Garlinghouse and Stefan Thomas, Ripple currently works with more than 75 banks all over the world. Market capitalisation is $30bn.
1 | Ethereum
In their own words, Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. Launched in July, 2015 by Vitalik Buterin and Jeffrey Wilcke, Ethereum was the most popular platform for ICO in 2017. Market capitalisation is $73bn.