Cardano (ADA), Ethereum (ETH) and Ripple are listed in the top 15 blockchain platform ratings compiled by Flipside, a firm offering business intelligence to blockchain organizations, while also analyzing cryptocurrency user behavior and driving growth.
The rating, posted on Flipside’s Medium blog, highlighted the top 15 blockchain projects that have made consolidated steps towards sustainability in 2019. Algorand, an unpopular blockchain project, surprisingly, made the list.
Algorand is a US-based tech company that developed an open source, permissionless, proof-of-stake blockchain protocol project without forking. It was founded by Silvio Micali, a co-inventor of zero-knowledge proofs and Turing Award-Winning MIT professor.
Flipside remarked that Algorand had taken enormous steps towards creating a next-generation blockchain platform that solves many of the issues plaguing current implementations of blockchain technology.
Also on the list was Block.one the parent firm behind EOS. Flipside highlighted that EOS’ impending launch of decentralized social media network Voice could be a game-changer in the blockchain industry.
Brave was also a surprise entrant, as the blockchain received praised over its innovative browser that provides security and a means of rewarding users.
Other blockchain projects included in the list are Zilliqa, Ontology, Metronome, MakerDAO, Horizen, Cosmos and ChainLink.
Cardano, Ethereum Ripple Made the List After a Fruitful Year
Flipside remarked that Cardano had made multiple diverse and important use cases within the blockchain industry. Some of the major milestones that were mentioned include the partnership with New Balance.
Flipside noted that the year 2019 has been a year of growth for Cardano blockchain technology, and its native currency ADA which is primed to receive more adoption in 2020.
Cardano had also secured a strategic partnership earlier in the year with the Ethiopian government to develop a new digital currency for the African nation.
Flipside believes that the impending launch of Cardano Shelley testnet has shown that the blockchain platform is moving to the next phase of its development.
Flipside hailed Ethereum for pioneering the ICO model and smart contracts in the blockchain industry. The Enterprise Ethereum Alliance which has Accenture, Baidu and Citi as its members, and the growing DeFi protocols that recorded an all-time high of $670 million this year were highlighted among the major achievements of Ethereum in the year 2019.
Ripple Labs, Inc. made the list due to its unrelenting efforts in tapping into an increasing number of established cross-border payment channels.
Ripple’s partnership with MoneyGram which allows the latter to make use of Ripple’s product in settling transactions was recognized by Flipside as a major landmark.