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Top 5 Blockchain Companies You Must Follow

Remember when Bitcoin traded for 1 USD back in 2011? Well, not too long ago, it traded at 16,000 USD. Such has been the power of the technology behind Bitcoin—the blockchain technology.

To put it down in the simplest possible terms, the blockchain is a public ledger which records everything added to it in a transparent and secure manner. In comparison with the amount of transparency banks provide you with, this is a whole new transparent world. The blockchain allows you to transfer cryptocurrencies with the help of a decentralized environment.

For an in-depth version, you might want to read this.

The data is then stored in an interlinked network of systems which are owned and run by the users themselves. This gives them an unprecedented amount of power—something which they can’t possibly get in centralized systems such as the banks.

Much of the success of the systems built on the blockchain can be accredited to the companies working tirelessly behind them. And here are five of them:

Ethereum

With a market cap of 48,970,431,907 USD, this is pretty much a no-brainer. One simply can’t talk about the blockchain technology without mentioning Ethereum.

It was launched on July 30, 2015, by Vitalik Buterin and Jeffery Wilcke, and has been winning minds and hearts all over the world since then. So much, in fact, that in 2017, every three out of four projects in the blockchain industry were performed using the Ethereum platform.

So, when it comes to ICOs, Ethereum had been the most popular platform that year. Most of you might already know what Ethereum is. In case you don’t, it is a decentralized platform working with smart contracts.

IOTA

Ranked 9th in the list of the top 10 cryptocurrencies in the market in terms of the total market cap, this cryptocurrency is one of the most refreshing ones you would see in the market.

Launched by David Sønstebø and Dominik Schiener in July 2016, IOTA has a market cap of 3,014,372,797 USD.

IOTA is based on Tangle, an innovative consensus model without chains, blocks, and miners. For making a transaction, one has to approve two previous transactions given by the system. By doing so, you would help in proving that all of the nodes are in the same current state.

Coinbase

One of the top platforms in the crypto industry, Coinbase is the choice of many for a digital currency wallet and crypto exchange. History has it that even the news of some cryptocurrency to be supported by Coinbase increases the price of the cryptocurrency substantially.

Brian Armstrong and Fred Ehrsam launched the company in July 2011. Fred had been a trader at Goldman Sachs, while Brian had worked with companies such as IBM, Deloitte, and Airbnb.

In 2016, it was transformed into GDAX (the Global Digital Asset Exchange).

Ripple

Ripple is the third largest cryptocurrency in the market with a market cap of 18,684,251,454 USD. It is a real-time gross settlement and currency exchange.

It was organized by Brad Garlinghouse and Stefan Thomas in October 2012. Brad is the former Senior Vice President at Yahoo! while Stefan is the founder and co-founder of many other companies.

Ripple is currently working with more than 75 banks across the globe. These banks would be using Ripple for internal payment systems for which they are testing and implementing the technology.

Brave

Brave is more than a want, it is a necessity. It is a web browser which blocks trackers and advertisements. This helps the web pages load faster, resulting in your time and money being saved. This helps you in more ways than meet the eye. For instance, you would be safe from catching malwares present in the ads which you might catch by clicking on them accidentally.

It was launched in May 2017 by Brendan Eich and Brian R. Bondy. Brendan is the creator of JavaScript programming language and co-founder of Mozilla. Brian, on the other hand, is a winner of the Microsoft MVP Award for Visual C++ in 2010-2011.

Brave has an estimated 2-3 million users and is one of the fastest ICOs till date—with 35 million USD raised in just 27 seconds!

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.