Many entrepreneurs looking for Blockchain startup ideas which can provide them more rewards and felicitous to their expertise in order to exploit through technology.
Let me remind ,blockchain technology was developed by Satoshi Nakamoto in order to develop world’s first digital and secured currency which is an advanced version of Hashing algorithm SHA-256.Bitcoin resource is open to everyone which helps to develop on this technology or develop Dapps , another successor of this platform is Ethereum ,which is highly efficient and works on smart contracts ,over 1499 Dapps or decentralized apps have been developed under ethereum networks which provides them scalability and reliability.
Why Blockchain technology ?
Blockchain technology gives us the power of decentralization by neglecting government interference in performing of network.Blockchain technology helps entrepreneur to collect funds through ICO’s and major crowdfunding sources with the help of internet.This kind of smart economy enables people to claim more rewards for their work which is not possible in centralization. Centralized systems are vulnerable to fraud, hacking, abuse of trust while Decentralized system is opened and secure to all.
Blockchain Startup ideas
src – cryptorecorder
Few Successful Blockchain Startup Ideas
Steemit – Steemit is a blockchain based social blogging platform which was developed by Dan Larimer and Ned Scott in 2016 to provide rewards to curation and upovotes for quality content provided by its users.This platfom has crossed 1 million users in just 2 years.As per CoinmaketCap in May 2018 Market Cap of STEEM is $614,753,753 USD.
Read Dan Larimer’s – How to Launch a Crypto Currency Legally while Raising Funds.
- Walmart (retail)
Many people know the use of Blockchain technology by Retail Giant Walmart by using Blockchain track some products back to their roots.They use to track products by scanning them and getting information about product such as from where did it produced and where did it transformed which is very useful for Walmart in security and other factors.
- Maersk (Container shipping)
It makes the process of transportation very transparent which is developed some tests tracking its cargo.Use of blockchain technology’s cryptographic signatures makes it harder for anyone to mislay goods and misuse of labels and reduces the time in transiting goods.
Selecting a Blockchain Network
Choose best network for developing your platform ,two best platforms for Dapps are Ethereum and Bitcoin networks.Whats the difference between them ,Bitcoin is the oldest and starter of cryptocurrency and Ethereum is the hybrid version which has a lightning network.Transaction processing capacity by the chain of the Bitcoin network is limited by the average block creation time of 10 minutes,maximum 3.3 and 7 transactions per second is processed by bitcoin network.
Ethereum is the best blockchain network and Because of a hard-coded limit on computation per block,this network can process 10-30 transactions per second,which is developed by a prodigy named Vitalik Buterin but it may not possible it Bitcoin won’t be invented.
Major Ethereum Dapps and Tokens by Market Cap
Eos – Market Capital $11,021,147,213 USD as of May 2018 ,EOS is the most powerful Ethereum-based-token which can be used by the developers to create their dapps.Like etherum this platform also uses smart contracts to for running decentralized applications.Here horizontal and vertical scaling is used by operating systems.
TRON – Market Capital $4,178,496,314 USD as of May 2018 ,Tron was previously using Ethereum Blockchain which was released in 2017 and just after the launch marketing campaigns and efforts of its CEO Justin Sun has bought this token to utmost achievements.Now Tron has developed its own blockchain which can be used by developers to make their Dapps.More info is available on its website – https://tron.network/
SO, have you decided to launch your own cryptocurrency and collect funds or using this technology to develop apps then remember “With great power ,comes great responsibility”
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How to launch own crypto-coin - https://hackernoon.com/how-to-launch-your-own-production-ready-cryptocurrency-ab97cb773371?gi=43f2caa7846b