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Leading Cryptocurrency Companies

2017 was a big year for cryptocurrencies, and 2018 promises to offer more of the same for the crypto and blockchain phenomenon.

The total market value of the industry has surpassed the $600 billion mark at the beginning of 2018, making it a powerhouse on the financial market.

In this article, we will look at the most influential companies that have been at the forefront of this remarkable feat.

Ethereum

Ethereum is a completely decentralized platform that works using smart contracts.

Smart contracts allow users to make financial transactions and agreements without any third party interaction or interference.

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Approximately 13 million users from all across the world use its services, with every 3 of 4 projects being performed on the ETH platform.

It also has a dedicated cryptocurrency of the same name, which is currently the second most valuable currency on the crypto market.

Coinbase

With a market value of $2 billion, Coinbase is the leading exchange platform and digital wallet.

Coinbase revolutionized the market by offering the safest and easiest option to exchange cryptocurrencies.

The company has served more than 6 million users and is the most popular Bitcoin exchange, with over $6 billion of digital currency exchanged.

Coinbase’s high liquidity and instant buy options have made it a leader in the field of exchange and brokerage.

IOTA

IOTA differs from other cryptocurrencies, as it is a crypto project based on a distribution ledger, that uses a unique data structure called the Tangle, instead of blockchain.

This has allowed them to create a crypto platform that has no transaction fees, short confirmation times and a stable server regardless of the number of transactions.

The company’s pioneer thinking and approach have made them popular with many crypto enthusiasts. It has a market value of around $15 billion and is quickly becoming a preferred system for many users.

Being partnered up with companies such as Microsoft, Deutsche Telecom and PwC, IOTA’s future looks bright.

Qtum

Qtum combines a smart contract system with a proof of stake model, which diminishes the computational difficulty and increases scaling.

This unique platform is unlike anything else on the crypto market and currently holds a market value of around $5 billion. Though its hard to predict the company’s future, with a very successful year behind them, Qtum has the potential to become a leading platform for smart contracts, especially if they launch their own blockchain, as announced.