The ICO era comes to an end, but it’s not only “scam” word that we remember about this period. There are many original and competitive projects that have successfully raised a serious amount of money on an ICO. This year, some of them are preparing a full-scale or limited release.
Also read: Rise of the ICOs
Launch of the Mainnet is, probably, a real turning point for the blockchain startup. It also means that a token will enter a free circulation on the crypto market. So we decided to make a list of the 12 most influential token releases that the industry will see throughout the year. Let us present the first part.
The Cosmos is a network that allows building numerous blockchains. Essentially, this project is trying to build “the internet of blockchains”. As we know, all elements of the internet are connected, and the same approach is utilized in the Cosmos.
Development of a blockchain in the Cosmos is fast and easy compared to a stand-alone network. It is achieved through the usage of Tendermint Core engine, which allows securely replicating an application on many devices and machines.
In March, the Mainnet was launched as planned. And Cosmos may be indeed proud of its use-cases. For instance, Binance Chain ― a blockchain where the leading crypto exchange started transferring its proprietary tokens ― is running on the Tendermint. Release of the Cosmos native token is yet to happen.
Concept of Polkadot is somewhat similar to Cosmos, as it is another foundation for creating a network of blockchains. The project was founded in 2016 by Ethereum co-founder Gavin Wood, who is also behind the Parity Technologies company. In less than a year, Polkadot has raised more than $140 million during the ICO.
Polkadot consists of parallel blockchains (“parachains”), and on-chain transactions may be distributed among them, thanks to the Relay chain feature. At the same time, every blockchain preserves the necessary level of anonymity. There are also Bridges, the specific links to blockchains with their own consensus.
Genesis block of the Polkadot Mainnet will reportedly be produced in the fourth quarter of 2019.
The name of this platform is not by chance, because it pledges to create the blockchain with fastest-ever transfers. As the official website reads, Consensus Nodes can confirm transactions in under a second. They are accelerated by the DDoS-resilient distributed system (basically, accelerator).
Probably, the most interesting feature is the opportunity to adapt to the participants’ behavior. There is an “optimistic” way, when an accelerator and 75% of the nodes are online and “honest”, then the system will run instant transactions. If the leader is offline or acts strangely, the system falls back to the Proof-of-work (PoW) algorithm to keep the system secure.
Besides a protocol, the project includes a ThunderCore blockchain with its own native token, which is about to be publicly released in the third quarter, while recently Thunder team has started Testnet.
Another one in the space is Hedera, which is promising to become “next Bitcoin”, thanks to the development of “hashgraph” by the startup’s founder and computer scientist Leemon Baird. The hashgraph is allegedly a trust solution, which eliminates the need for PoW algorithm.
Hashgraph leverages asynchronous Byzantine Fault Tolerance (aBFT) for the security, becoming immune to the DDoS attacks. In fact, PoW is replaced with the virtual voting procedure, where each network node cast one vote for Hedera tokens they hold.
It is worth mentioning that Hedera has achieved to make its native token compliant with the financial regulation, thanks to the SAFT legal framework. As such, the project has raised almost $100 million from accredited investors in 2018. The market expects Hedera token in the third quarter.
Swiss blockchain-based cloud computing blockchain, Dfinity aims to develop a decentralized “internet computer that will become the cloud 3.0.” It is acclaimed among investors, so after several rounds conducted in last year, its cap reached almost $2 billion, with Andreessen Horowitz and Polychain Capital being among the early birds.
In general, it is a network of client computers providing a “decentralized world compute cloud” where software can be installed and run with all the usual benefits expected of “smart contract” systems hosted on a traditional blockchain. The underlying technology is also designed to support highly resilient tamperproof private clouds that provide the added benefit that hosted software can call into smart contracts on the public cloud.
The team will start testing Dfinity solution in the second quarter of 2019, the token release is scheduled for the third quarter.
One of the top-tier projects, Filecoin was announced back in 2014 by the California-based Protocol labs and has gone through the record ICO, raising around $250 million in 2017. It happened not without the help of the Coinlist service, which allows startups to use its investment service to sell tokens that comply with the SAFT framework.
Filecoin was the first to formulate the concept about a blockchain-based data storage and data processing network. Basically, Filecoin team claims to make out a new application protocol dubbed IPFS (InterPlanetary File System), which is intended to replace “obsolete” HTTP, a foundation of data communication in the Web.
IPFS makes divide of data possible, which allows distributing of files among several connected computers. To establish a connection between them, the system seeks closest nodes. Any member of the IPFS network can rent it for storing data, receiving a certain amount of native FIL tokens in return.
Last year, Filecoin team announced the launch of Mainnet in the mid-2019. Still, such an ambitious project is being developed in secrecy, and not much is known about him except for a few details.
Tags: Blockchain, ICO, SAFT, Filecoin, Cosmos, Decentralized applications, Cryptocurrency