New Rising Blockchain Magazine Puts Ethereum as the Second Best Blockchain Protocol; Bitcoin Not Listed

2019-2-10 08:39

In the latest edition of Rising Blockchain magazine, they’ve released a list of the top 10 blockchain protocols currently available in the market. There are two important things that are worth mentioning. Ethereum (ETH) reached the second position, while Bitcoin (BTC) did not even appear in the top 10.

The list of blockchain protocols has been created by the editors taking into account those projects that will be bringing the change to the world in 2019 faster than other protocols. In the first position is the Graphene Protocol, which is used by EOS, Steem, and Bitshares as well. All these virtual currencies are based on top of this protocol.

Although there is not a large explanation of why each of the blockchain networks had their respective position, they provide an idea of what could happen in the near future in the crypto market.

According to the magazine, EOS has a transaction reversal mechanism that depends on the Arbitration Court concept. They’ve explained that in EOS everything can be reversed. If a user provides its innocence, it is possible to return the funds with the approval of 16 out of 21 block producers.

The Ethereum protocol was the second most important one. They mention that there is a whole marketplace where decentralized applications (dApps) are offered and created. At the same time, there have been several recognized projects launched on top of the Ethereum network.

In the third position was Hyperledger, an organization that was created by the Linux Foundation and that includes IT companies, banks, and other corporations. At the moment, the project has several open source protocols all specifically designed for the corporate sector.

These three protocols or blockchain networks were followed by IOTA (IOT), NEM (XEM), Microsoft Azure, NEO, R3 Corda, Stellar (XLM) and VeChain.

The magazine focuses on many other issues as well such as top-10 social blockchain startups, business and fintech startups, law companies that will accelerate the blockchain industry in 2019 and many other things.

At the time of writing this article, Ethereum is the third largest digital asset with a market capitalization of $12.47 billion. Each ETH coin can be purchased for $119.

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