The past two years were pretty interesting times for the crypto world. Hundreds of ICOs exploded and also with it the number of altcoins as well. There are now more than 2000 cryptocurrencies that are available to users. However, plenty of new altcoins are weak in creativity and vision.
All of the new ICOs are now mostly focused on recycled technology and focused on ideas that were not really workable. This means that the altcoins have a really low success rate which suggests that most of the altcoins don’t have a future. But this is not really accurate. There are plenty of altcoins that thrive and here we will show a few of the crypto projects you should look at closely in 2019.
Ziliqa is a new type of protocol blockchain that has the main goal: solving blockchain technology’s scaling problems. Ziliqa is trying to solve this problem without sacrificing the decentralization that crypto lovers love so much. Ziliqa will try to do so by sharding that will divide the total nodes on a network into smaller subgroups. Theoretically, zilliqa could scale indefinitely. So far, it managed to process 2.488 transactions per second giving the blockchain a proof of the concept. The downside is, however, that all nodes are assigned shards simultaneously that will eventually cause idle phases in which the system can’t process any transactions.
EOS is a very interesting, much-discussed blockchain project and it definitely has a reason why. EOS is trying to solve scalability problems with the new operating system and a brand new infrastructure for decentralized apps. EOS wants to deliver a scalability solution by a parallel processing technology. This will make possible for dApps to operate simultaneously without overloading the network through so-called vertical scaling. Next, EOS has its own version of a delegated Proof-of-Stake algorithm with fewer nodes that will decrease the time to reach a consensus allowing faster transactions.
The goal of this project is to create a smart web, based and powered by the blockchain technology. This way the project will enable a reliable internet in which devices won’t have to be directly connected to the internet but will be connected to the Elastos smart web. This way, hackers won’t be able to enter the devices and if they try to attack the Elastos network it will be nearly impossible because of the heavy encryption layers. Teams are working on this project for more than 15 years and they found out that the missing piece for the project is actually the blockchain technology. Elastos released a code for their framework for mobile applications and the project will work as open-source which is a great plus for the decentralization enthusiasts.
Bytecoin is actually a cryptocurrency that focuses mostly on privacy and security. Privacy is enabled with the implementation of ring signatures by demanding more than two private keys, making the transactions untraceable. The most important thing about it is the option to set dynamic transaction fees.
Ripple is among the top five largest cryptocurrencies by market cap. It is a venture-backed startup that did not really held an ICO and this is one of the main reasons why the SEC is not going to declare Ripple as security. Anyway, Ripple offers a global financial settlement service for financial institutions that allows them to transact instantly across the world.
Therefore, Ripple is oriented towards large institutions mostly banks, rather than individuals. The goal is to provide all of these institutions an easy and reliable solution for cross-border payments. The company has already partnered with many large banks worldwide and even more financial institutions are willing to adopt it in 2019.
Stellar is focused on operating in the developing world. They’ve partnered with IBM and opened a major opportunity to potential XLM users because; more businesses from the developing world try to find a way for their projects to be funded.
After all, behind Stellar is the same blockchain technology as is behind Bitcoin. The only difference is that Stellar can process transactions in 2 to 5 seconds and also allows all users to make a quick exchange of government currencies such as Euros or dollars.
Also, because of Stellar’s partnership with IBM, there is a huge chance of using Lumens to process more than 60 percent of all the cross-border payments. Experts believe that because of its decentralized nature and nonprofit organization, Stellar can be the next great thing.
IOST is a project that is also trying to solve blockchain’s scalability problem by enabling dapps to handle transactions through current online giants. The capability is granted by using the efficient distributed sharding technology. IOST has its own version of sharding with brand new 3 key innovations: TranshEpoch, Atomix Protocol, and Micro State Blocks. These elements will ensure high efficiency and zero downtime thus lowering the workload.
GreenX is working on providing a platform that both developers and investors can benefit from. Companies have a hard time gathering investments because of the barriers in the market. This project can fix this problem. Institutional investors will be given the opportunity to dive into a much bigger pool of developers worldwide. For small investors, GreenX will allow small investments and this will improve their liquidity and will further protect their privacy using the blockchain technology.
Akropolis wants to disrupt pensions with decentralization. The team behind it explained that a pension system crash is basically inevitable so they propose an option to the world not to despair. Akropolis wants to start outsourcing pension management into blockchain-based software which will lead to fewer fees and better retirement options for all people.
Genesis is a real estate fund. It’s blockchain based and all of the investments are used for buying real estate. Genesis combines traditional methods with modern ones to simplify the process of investing. Their platform is very technologically advanced, built on a blockchain and has a very easy interface to use. This means easily getting information on payments, transactions, and investments.
ZCash has many people interested in it that really want their purchases to remain private. This digital asset is mostly used on the darknet but the privacy it offers adds value to the coin if you look at it from an investment perspective. Its value will grow as long as the need for this coin grows on the darknet. The Zcash team managed to improve their technical issues and they claim that this will reduce memory consumption and increase transaction privacy by 97 percent. Major crypto giant Coinbase noted that they see a huge potential in Zcash.
This year was a good one for decentralized cryptocurrency exchanges. Many of the exchanges are built on the 0x protocol which is basically an open protocol that allows ERC 20 tokens to be directly traded on the ethereum blockchain. This makes the ZRX crypto asset a promising investment. Also, 0x has made huge milestones in its roadmap and it is highly appreciated in the developer community. Just as the one above, it was mentioned on the Coinbase Blog and it is considered a good investment for 2019.
BAT was founded by people with tons of experience in the tech world and people who claimed rewards around the world. The BAT token is an accounting unit between publishers, users, and advertisers. The Brave browser is a key element in this situation since it integrates the BAT token. This browser can locate malware and protect the users’ privacy while they surf the web. BAT’s whitepaper relies on the fact that users always appreciate a browser that will help block the attackers and malicious software and will protect their personal info as well.
Tron is a cryptocurrency that aims to provide a new way to create entertaining content. The goal is to try and communicate with the potential users and audience without the need of websites and popular intermediaries such as Facebook or Twitter. Tron uses smart contracts and peer-to-peer technology to do so.
If you are trying to change the entire entertainment industry, you will need huge partnerships with famous companies and influencers. This is why Tron made some exciting partnerships with famous companies. The biggest partner is probably Game.com that will pave the way for Tron in the gaming sector. Despite Game.com, Obike and Gifto are some of the popular partners. These companies already use Tron’s protocol and this is only the beginning of the great development.
Ethereum Classic is a hard fork of the original currency-Ethereum and it is basically a copy of it in almost every single aspect. Ethereum Classic has the exact same blockchain, so it most likely is able to do everything that Ethereum can. The future of this cryptocurrency seems as bright as day because of its strong development team. The biggest plus that this currency has is the Emerald Project that first wants to start off as a wallet that will verify transactions in a trustless manner.
Despite many investors sticking with Ethereum for ideological reasons, Classic also gained a lot of followers because of the many development projects such as the Emerald Software Developer Kit. This kit can be used for building decentralized apps. They also implemented smart contracts.
SimplyVital Health uses blockchain technology so it can manage patient data by using smart contracts. This means convenient, decentralized health care with easy data access. Their goal is to ease the process of communication and coordination. This ICO is expected to create more than 100 million tokens and most of them will be used for further development of the blockchain.
This project is also Ethereum-based. It’s supposed to be a booking service with low costs and easier communication. With Trippki you don’t have to go through all the hassle with a travel agent which means lower costs for customers. The hard cap for this ICO is 36.000 ETH.
A great way to improve e-commerce. With Requitix, payments and transactions can be done within seconds and without fees, of course. Users can download a mobile app.
A great ICO project that is trying to create a global energy network for distribution and generation of sustainable energy. The entire project is blockchain-based and its aim is to efficiently integrate renewable energy into our everyday lives.
MenaPay is actually a collaboration between the Middle East and North Africa where countries from both places started integrating crypto in their cultures and lives. The only problem that these people have is whether this solution is Islam-compliant. However, MenaPay is 100% Islam-compliant solution that will distribute 75% of revenue among token holders via fees. MenaPay will introduce a token called MenaCash and will focus on integrating this solution in a few ways. Apps will be in Arabic in order to reach a wider audience. The MENA region showed itself to be a lucrative market that has a lot of potential for a great crypto platform that can navigate alongside Sharia Law.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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