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5 Crypto Projects That Crushed It in 2019
- Crypto startups that shrugged off bearish market conditions, community apathy and industry in-fighting, and focused on shipping clean code and great products.
- There’s a lot of noise in the cryptosphere, but the following projects cut through it like a knife, delivering original solutions with genuine utility.
As 2019 nears its apex, it’s time to take a look back at the projects that crushed it this year. Crypto startups that shrugged off bearish market conditions, community apathy and industry in-fighting, and focused on shipping clean code and great products. There’s a lot of noise in the cryptosphere, but the following projects cut through it like a knife, delivering original solutions with genuine utility. Having killed it all year, you wouldn’t bet against this quintet doing it all over again in 2020.
- LiquidApps
EOS scaling project LiquidApps
emerged out of nowhere to garner industry-wide plaudits as 2019 reached
its crescendo. A lot of this was due to the success of its DAPP Network,
which demonstrated that it’s possible to provision off-chain/sidechain
scaling without compromising on decentralization. The DAPP Network’s
vRAM enables EOS dApp developers to access cheap virtual storage, giving
them the ability to scale their decentralized applications without
being stung by prohibitive resource costs. That alone would be enough to
sustain most crypto projects for a year, but LiquidApps accompanied
this breakthrough with a tool for seamlessly onboarding new dApp users, another for linking blockchains into a single dApp, and an oracle service. Impressive stuff.
- Remme
Distributed Public Key Infrastructure (PKI) project Remme
boasts one of the hardest working teams in crypto. After realizing that
its PKI-enabled blockchain simply wouldn’t cut it on Hyperledger
Sawtooth, the Remme team made the difficult decision to switch chains
deep into the project, transitioning to the EOSIO codebase and rolling
out its testnet.
Rather than letting this throw them off their stride, Remme has charged
ahead with its mainnet launch, taking time out to propose improvements
to EOSIO where errors were encountered in the codebase, and fine-tuning
the workings of its custom Block Producer program.
This year, Remme also succeeded in onboarding hundreds of enterprises to Keyhub,
its all-in-one platform for managing SSL/TLS certificates. With its
mainnet just weeks away, 2020 is shaping up to be a big year for the
Ukrainian blockchain startup.
- Matic Network
It would be impossible to review 2019’s biggest breakout successes without including Matic.
While the meteoric rise of its token in recent weeks, following its
April IEO on Binance, has kept investors happy, that’s merely a symptom
of its success in becoming the industry’s blockchain scaling solution of
choice.
While Ethereum remains mired in ETH problems, Matic has emerged as a
genuinely scalable and production-ready chain that can take the strain.
Its adaptation of Plasma enables instant on-chain payments and
transactions, making it suitable for everything from dApps to DEXs.
Dozens of crypto projects have announced their migration to Matic
Network including a number specializing in NFTs such as Battle Racers.
In 2020, expect this trickle to transform into a torrent as crypto
projects migrate en masse.
- Chainlink
If there’s any token, outside of exchange tokens, that investors wish they’d stacked up on in January, it’s LINK.
Up 570% in 12 months, LINK will go down as one of 2019’s best buys. As
with Matic, however, focusing on price misses out on the broader story.
Much of Chainlink’s success comes down to mastering the other P –
partnerships. This year, crypto and non-crypto businesses alike rushed
to team up with Chainlink, utilizing
the smart contract and oracle network for connecting off-chain data
feeds and enabling tamper-proof inputs and outputs.
With names such as SWIFT, Google, Gartner, and IC3 all working with
Chainlink, the project founded by Sergey Nazarov has become the first
crypto startup to transcend the industry and embed itself in the broader
business world.
- Synthetix
Warranting the accolade of most innovative defi project of 2019, Synthetix
is a smart solution whose best is yet to come. Decentralized synthetic
assets have long been the holy grail of many decentralized finance
advocates, unlocking the ability to permissionlessly trade commodities,
forex and cryptocurrency on DEXs. Synthetix is the first project to
realize this goal through its pioneering use of ‘synths,’ tokens that
provide exposure to assets such as gold, TESLA stock, and AAPL, without
liquidity limitations. Up an incredible 1,715% to date, despite being
absent from tier one exchanges, the SNX token looks like it has more
room to grow – as does the Synthetix Network it powers.
Source: https://www.newsbtc.com/2019/12/03/5-crypto-projects-that-crushed-it-in-2019/
