Only 40 of the top 100 cryptocurrencies have working products that offer "real value" to the public, a study by Invest in Blockchain has shown. Researchers defined a working product as being "active and available to the public". "We evaluated each project's status, looked at its roadmap, checked its release history, and compared completed features to what the team promises to deliver in the future," the researchers said. The report also found that only 20 percent of all tokens are traded on exchanges, with most trading done through wallets or other exchanges. Typically, functionality includes services such as messaging or performing secure financial transfers. The prices of bitcoin, ethereum and other cryptocurrencies have fallen steeply in value since the start of the year.
Only 40 of the top 100 cryptocurrencies have working products that offer "real value" to the public, a study by Invest in Blockchain has shown. Researchers defined a working product as being "active and available to the public". The report also found that only 20 percent of all tokens are traded on exchanges, with most trading done through wallets or other exchanges. Typically, functionality includes services such as messaging or performing secure financial transfers. The prices of bitcoin, ethereum and other cryptocurrencies have fallen steeply in value since the start of the year.