traced, nor is the identity of users revealed to the world. This is important because blockchain is accessible to anyone with an internet connection – a significant drawback for Bitcoin users who don’t want their transaction history and balances to be made public. Dash transactions are confirmed in minutes by the Masternodes network. Through Dash’s decentralised governance system utilising the masternode network, users can vote on issues and budgeting proposals. Block rewards are split between miners (45%), masternodes (45%) and budget proposals (10%).
Quantum
Quantum (QTUM) is an open-source transfer platform of value which focuses on mobile Dapps (decentralized apps). QTUM is the world’s first proof-of-stake smart contracts platform. The idea is for this network to be used as a value transfer protocol (like Bitcoin) and smart contracts platform (like Ethereum). They focus on mobile applications, which gives a lot of people interest considering the global shift towards mobile.
Still an early project, QTUM initiated in March 2017, after raising 16 million dollars in 5 days. The development team is small, but strong with an impressive list of backing investors. The QTUM Foundation is based in Singapore.
STEEM
Steem is disrupting the world of social media using blockchain technology. What is the connection between social media platforms and blockchain applications? Most existing social media platforms do not reward users for providing high quality content to their audience (ie Instagram, Facebook, etc.). Youtube gives content creators a small percentage of advertising revenues, but the governance and centrality makes it much more favorable for the company.
Steem has turned this idea into a platform where users are incentivized to create content with the anticipation and participation of distributed value. Actions such as liking, sharing, upvoting etc. will earn the user micro-rewards, depending on significance or scale.
Furthermore, Steem is completely decentralized meaning there is no governing body that censors or stores users information, that typically would use the data to sell to advertisers. Founded by Ned Scott and Dan Larimer who has worked on a few other successful blockchain projects such as Bitshares and EOS.
Ontology
Ontology aims to develop its trust ecosystem through partnerships to provide distributed services including distributed communities, data verification, data exchange, and credit across industries. It is a network of blockchains, rather than one single blockchain project, acting as a cloud storage network designed to help migrate proprietary enterprise platforms onto a distributed ledger model without compromising them. The developers hope Ontology will be the go-to source for verifying the accuracy and authenticity of things like identity or ownership. Ontology’s platform m
