Vaporware is a term that is often used against projects of crypto-currencies. It refers to all forms of technology financial that have no clear usage. It is a mere accusation, given that many of the projects cryptographic are still in the development phase and have not had the opportunity to make their mark.
The vaporware of this year could be the Ethereum next year. While a large number of digital currencies are defined as vaporwares, the following four are closest to this definition.
Catch the vapors
Vaporware refers to software or a technology that has been announced but is not yet available to purchase, either because it is only a concept or because it is still in the process of design. This definition applies to 90 % of all the ICO at this time. It can take months or even years before you discover what projects have proven to be effective.
Here are the detailed explanations of this statement :
The same vaporware has gained ground in November after Nate Murray has published a chart outlining the top 100 crypto-currencies. In this list, Veritaseum has been defined as a vaporware. There are also Kin, a currency worth billions of dollars, but that has not yet been used up to now.
The crypto-currencies considered as vaporwares
The following projects have been promoted to the rank of success. However, to their detractors, they are nothing more than a software to the search for a solution. Among them, there are the Tron. This digital currency has been one of the greatest achievements of 2018. She has climbed into the top 10 crypto-currencies, but everyone is not a fan of the Tron, including the creator of Monero, Riccardo Spagni. Edge is also one of the vaporware.
In addition to these projects, Cardano also part of it. With a market capitalization of $ 25 billion, Cardano is in the top 5 of the digital currency. Finally, there is Ripple which is a company fully operational and one of the oldest in the area. Ripple claims to have signed with more than 100 banks, but the problem is that none of them seems to use the currency XRP for money transfer.
Source : NewsBitcoin