Potentially Promising Crypto-Startups to Watch (part-1)

I have written about some of the innovative startups around the bitcoin blockchain technology in my previous post. In this post, I will be covering some of the startups related to Bitcoin and I will also be covering some alternative blockchains (alt-coins or alt-chains) to Bitcoin that are potentially promising.

Syscoin

syscoinSyscoin is one of the lesser known alternative blockchains out there. Coinmarketcap, website that tracks crypto-currencies now lists more than 700 different crypto-currencies.

Syscoin is similar to bitcoin in the sense that it has its own blockchain and crypto-currency, however in addition to these two main components, it also has built-in; decentralized marketplace, aliases, digital certificates, and data-alias (datastore).

Most of the other alt-coins (alternative coins to Bitcoin) are quite similar to each other and similar to Bitcoin in itself, with just a few tweaks in the algorithm. But Syscoin has fundamental differences to Bitcoin as mentioned above, which makes it one of the unique alt-coins that stand out from the rest.

Additionally it appears that it has a strong founding team with clear (medium-term) product roadmap that has been outlined on their website.

Here is a good diagram that shows the differences between Bitcoin and Syscoin. And here is an interesting interview with Dan, who is in charge of the Dev team.

Website: http://syscoin.org

Ethereum

Ethereum is probably the most promising alternative blockchain application platform that is getting most of the spotlight at the moment besides Bitcoin and it’s rightly so. Keyword here is “blockchain app platform”, think of it as – if Bitcoin is a settlement and payment protocol, then Ethereum is a blockchain app platform. One provides bare bone functionality for financial settlement and value transfer, another provides ability to build any decentralized blockchain based apps.

ethereum

Ethereum comes with its own programming language called Solidity for programming decentralized apps or smart contracts on Ethereum blockchain.

Ethereum has become popular thanks to its outgoing founder Vitalik Buterin, who goes around the world organizing DevCons for Ethereum project. I would say Ethereum’s vision mainly relies on Vitalik’s own vision. And as long as Vitalik is leading the Ethereum project, it should be heading to steady success.

Here is a list of Ethereum dapps (decentralized apps) http://dapps.ethercasts.com

Websitehttps://www.ethereum.org Continue reading