While the culture of cryptocurrency and the enthuasim of the community continue to evolve over the years, there is a constant theme among all – and this is you – the individual that makes up the community. For this reason we wanted to take the time and compile a list of the 13 best communities in which to participate if I had to be more active and engaged in the blockchain era.
One of the laws that regulate cryptographic space is Metcalfe's law, which has been used repeatedly to measure the value of a network. The law states that the value of a network increases in direct proportion to the number of participants in that network. Cryptographic space experts apply the same law to calculate the value of a cryptocurrency and to predict when to exit.
To illustrate this, think of only two people who own mobile phones all over the world. So they can only call each other. If more people buy mobile phones, there will be more people to call, thus increasing the value of the network.
In cryptographic space, the value of a network converts directly to its economic value. This explains why it is important to always analyze a cryptocurrency or an ICO to determine the community of supporters who support it.
How to evaluate the best community of supporters
In the digital age, much of the community's support comes from social media. It refers to followers or members of a network on Telegram, Discord or Slack groups. The following criteria could help users identify a good community with reference to a particular digital currency.
- Engagement: The community participates in productive activities instead of being inactive and waiting for dispensations.
- Sincerity: The community is concerned about the values of the project. They should show it with their actions.
- Presence: This is demonstrated by people who chat and always discuss in forums
- Grounds: This means that the project is committed to realizing its values and not just making money.
- relevance: You can know this when the discussions are about the real responsibilities of the project.
With these critical factors in mind, here are 13 digital currencies with the most supported community supporters we've found. These are not in a particular order because we will leave this to culture and to the community so that they decide to see where the chips fall.
No list of the best cheerleader communities in cryptocurrency would be complete without the original Bitcoin pioneering blockcoin asset. Fortunately, the faithful following of Bitcoin remains one of the biggest and best networks to be part of with a strong community of almost massive maximalist supporters, both in quality and quantity. Bitcoin still hosts countless highly qualified cryptographic experts. It is said that Satoshi, whoever he or she or they are, still holds a million Bitcoins that is not released in the encrypted space.
This contrasts profoundly with many of the most recent cryptocurrencies out there, where creators simply focus on making money and retain a lot of money to keep most of them.
Initially marked the currency of the joke, Dogecoin took its name from the famous meme Doge. While experiencing turbulent times, Dogecoin has shown and continues to demonstrate that the community is an important component when it comes to establishing value, regardless of what unites this community.
Apparently, Dogecoin boasts one of the highest levels of community spirit in the cryptic space. Initially, nobody thought it would lead to some gains. Therefore, the community started simply by throwing coins around. Eventually it turned out that the initiative supported the value more than could be imagined.
Members of the Dogecoin community have often engaged in projects such as sponsorship of a dog-themed NASCAR. They even thought about sending a real Dogecoin to the moon, literally. The community of Dogecoin has previously donated to charity, in which it sponsored the construction of wells to provide clean and safe drinking water in Kenya. These activities increase community participation and make it fun for new members to be part of the platform. This made the cryptocurrency acquire a rather unlikely position among traditional digital resources.
Save scalability issues, the Ethereum platform is flexible and capable of achieving many goals. This makes it a favorite choice for developers. Since entering the limelight at a time when cryptocurrency was becoming popular, Ethereum has established strong networks with major investors who continue to fund related projects to date that have mobilized around the "smart contracts" movement fueled by celebrity cryptic Vitalik Buterin.
In the scene of decentralization, Ethereum could be compared to Bitcoin because it does what Bitcoin has done for revolutionaries and liberals. For this reason, it attracts a lot of excitement. According to one developer, the Ethereum network had thirty times more developers than the next blockchain project. This might seem a little more exaggerated, but not far from the mark.
Moreover, Ethereum attracts a huge following thanks to its community etereum fund, which arises from an idea of startups working with the network. It funds promising projects that seek to create infrastructures on the Ethereum network.
To hate or love it, the dark web market is huge and profitable. In fact, it is true that many laws and regulations out there do not make sense. The black market in the world manages trillions of dollars and virtual currency has made digital business even easier in smuggled products. This is the most profitable, well-established and well-documented use of digital currency. This is where Monero comes into play. Many dark web markets choose Monero for the same reason.
Monero is a decentralized and preferred project within revolutionary cycles. If you're off the radar, Monero initially helped bring Bitcoin into the mainstream. Cryptographic space emphasizes decentralization and inclusion, and Monero was among the first digital currencies to use the "ASIC-proof" strategy. This is to ensure that the mining sector could be open to ordinary people and not just limited to a few developers.
Substratum aims to decentralize the Internet. Through this goal, the platform has gained a huge number of followers. Substratum focuses on the community as part of its fundamental vision. Instead of using centralized servers, Substratum aims to transform the monopoly that has invaded the Internet industry for centuries. Furthermore, the ongoing discussion on "net neutrality" has given a strong impetus to the platform, leading to a strong and supportive community.
Bytecoin is one of the private privacy coins, which has existed since before Crypto became famous. The cryptocurrency has led to the creation of some of the successful virtual currencies around, through its bifurcations. This confirms its popularity. The community can therefore support the cause of the platform with security. In addition, many newcomers to the Bytecoin platform speak of the friendliness and support they receive from the main members. This shows that the project is sincere in achieving its main objectives.
Waves Platform (WAVES)
Waves tries to revolutionize the fields of crowdfunding and the issue of tokens. It joins the list of platforms that focus on making crowdfunding and token emission processes accessible to the masses. Waves has a huge and passionate following and enjoys excellent support among developers and the community.
In addition, the Waves team has improved community involvement by introducing the Waves Community Token (WCT). Through the token, owners are able to evaluate new projects that join the platform and access future rewards. The Waves platform is an example of how blockchain technology is scaling new decentralized business models through voluntary participation.
Lisk is a decentralized project with a strong community behind it. He focuses on software development, in which he regularly gives homages to his followers. Furthermore, the Lisk community focuses on real improvements in complaining about price dynamics.
Decentralization is a key concern in cryptographic space. Surprisingly, Lisk is already present when others are gradually moving towards decentralization. Lisk uses a high level participation of the community in its governance structure. Through its chosen nodes, the prizes can reach the stakeholders. With this participatory governance model, the platform is already gaining from community participation.
Formerly known as RaiBlocks, Nano is a virtual currency based on DAG that has become on Reddit due to its committed fan base.
Followers genuinely love Nano and it seems they could have the same unified passion for their encryption as what the Bitcoin followers once had. Apart from this, the followers have even developed a derived coin called "Banana", for pure enjoyment.
Recently, the community has offered more than $ 950 in Nano cryptography to support a Venezuelan citizen who is a member of the community to navigate through rising inflation in the country. The amount was good enough to buy food that could feed many people. These actions motivate the participation of the community while Nano tries to be a model for the entire cryptographic space.
EOS works hard to achieve the status of Bitcoin, Ethereum or anything else that kills, so it has many enthusiastic people. It is in the public domain that EOS has managed to raise over $ 4 billion through its mass. Overall, EOS tries to follow in the footsteps of the creations of BitShares, Steemit and Dan Larimer, which have a huge following.
In about a year, EOS has grown to become the platform with the most active code repository in cryptographic space, leading a huge social media follow-up. The supporters of EOS have the hope that sooner or later they will shift bitcoins as leaders in the cryptocurrency sector. After being strongly criticized for bugs and problems in starting up their mainnet, EOS has raised $ 4 billion of ICO funding that clearly indicates they have a huge following and are interested in the public towards their future.
Ripple Network is designed to provide a seamless connection between banks, digital resource exchanges, payment service providers and business organizations through its RippleNet functionality. More importantly, it focuses on speed, access, security and costs. With a growing global network, the Ripple platform looks better than any blockchain. While half the reason why XRP's cryptocurrency community makes this list is because they hate the company, they throw coins and projects to be anti-bitcoin – one thing is certain, its growing community supported by stable resources and has a huge following that dates back to the early days of the cryptographic ecosystem. Ripple is one of the platforms to keep an eye on in August and for the rest of the year. It is the only blockchain platform that focuses on delivering a lasting solution to the problem of ineffective global payments.
Based on the information published on its official website, TRON (TRX) is a blockchain-based project that focuses on the creation of a decentralized Internet and its infrastructure. Founded by Justin Sun, TRON's journey began in 2014. On 25 June 2018, TRON created a genesis block with the support of its community. And just last week, with the official launch of Tron Virtual Machine (TVM) and Project Atlas, there were over 1.2 million viewers just to see this historic event for the TRX community. The famous leader also said that the community is strong of 2 million people, who officially transformed one in July 2018.
Currently, TRX manages 2000 transactions per second, every single day. In addition, the TRON portfolio is compatible with the web, mobile devices and desktop PCs.
Bitcoin Cash (BCH)
Polarizing or not, Bitcoin Cash must make this list of the 13 most important cryptocurrency communities in the game right now. Led by Roger Ver and Craig Wright, Bitcoin Cash aims to be an alternative to Bitcoin (BTC) making progress towards the downsizing of its blockchain network. While many purists may argue that a fragmented community produces a weaker set, many of the bitcoin money supports are all for the free market and the competition and for the most part have chosen to "win or return home", adapt or die of mentality.
Many do not appreciate the division and conquest approach that has been noticed in the BCH marketing campaigns – and the small internal battle is hard to swallow if you've been in space for at least the past year – because all of this drama could cause a pending implosion if not addressed in due course. That said, Bitcoin Cash has a huge following and a user base (also defaulted by BTC's fork last August 1) and is ready to continue gaining market share while the battle between BTC and BCH is under way.
Coincidentally, many of the major cryptocurrencies out there seem to have solidarity communities. While the future looks bright with crypts, it is advisable to choose wisely.
What do you think of the list of the best communities to include in the digital currency ecosystem? Let us know if you think we should add or remove one of the above and we'll take a look at the facts presented!