There are four “new” cryptocurrencies which at the moment are labeled as “Vaporware”.
Vaporware is used to describe any “software or hardware that has been advertised but is not yet available to buy, either because it is only a concept or because it is still being written or designed.” This applies to most ICOs at the present time, which are likely rounding up their either or searching for competent developers to help materialize their ideas. It is anticipated to take years before the knowing which of these ICOs
Justin Sun, founder of Tron, Is listed in Forbes Asia’s 30 under 30, CEO of a company that rose from nothing to a $13 Billion value in just six months. Tron went was included in the cryptocurrency top 10 after its market cap skyrocketed in a day and a half. Tron’s market cap reached $16 Billion on January 5th .
Nate Murray described Verge as “privacy dogecoin”, with the reason being Verge started as a doge fork known as dogecoin dark. The coin since then has come a long way. However, News.bitcoin.com have reported a website that exposes IP addresses used in XVG transactions, allegedly.
The accuracy of the site claiming to expose these IP addresses was disputed by the verge community. The site’s operator insisted that their data is accurate.
Verge is working on a Wraith Protocol, a technology that allows users to seamlessly switch between public and private ledgers on their blockchain.
One of the top five royalty, Cardano holds a $25 billion market cap. The project will form a decentralized platform that will allow complex programmable transfers of value in a secure and scalable fashion” just like how you would describe most cryptocurrency platforms. In addition, it “differentiates itself by being designed from the ‘ground up’ to deliver a secure and sustainable blockchain that can protect user privacy whilst allowing for regulation” and also aims to be a mature blockchain, which can only be determined with time.
Decentralized cyrptocurrencies, Vaporware or not, some re not convinced by Cardano’s vindication the “full anonymity can be counterproductive, as can complete lack of regulatory oversight”.
- XRP ( Ripple)
A fully functioning company, Ripple has become one of the longest and established competitor in the cryptocurrency world. However, it is still expand and boost important partnership with banks. Ripple’s token called XRP is not yet used for money transfer, but the company already claimed to have signed up with banks.
““I’m not aware of banks using or planning to use the XRP token at the scale of tens of billions of dollars necessary to support XRP’s valuation.”
A statement by Ari Paul, from NYT quotes Blocktower Capital.
In conclusion, any new digital currency that rise up to the top 10 will be labeled as vaporware until proven otherwise.