Crypto saw a tremendous boom in the year 2020. It was the year 2020 that led to the foundation of what we saw in 2021 around cryptocurrencies. With new projects coming out each day, it is impossible to keep a count of what is doing great and what is just riding the crypto wave.
Although, cryptocurrency and blockchain are quite nascent technology there have been some amazing crypto projects that are contributing to the world at large. The blockchain and the crypto industry are not just revolutionizing the financial sector but have their presence in different domains ranging from advertisement to marketing and even social media.
In this blog, we shall discuss the Best crypto projects of 2020 that made a significant impact in the crypto world. Also, read about the Best crypto projects from 2020 to 2022.
Best Crypto Projects 2020
Binance has been taking the crypto use cases to whole new levels since its inception. being one of the leading crypto exchanges across the globe it has been making some serious impact on the global economy along with bringing in a significant positive wave.
You will come across many charity initiatives that let you donate in crypto, so what makes Binance Charity unique? Well, it takes you a step further. Binance charity leverage blockchain to help verify this good work. It also donates 100% of the amount received as a donation to the actual cause. The primary vision of this blockchain-based charity platform is to help drive a world where blockchain could be used to mitigate issues of inequality and sustainable development. The drive to unlock innovation and transcend it into action has made this crypto project one of the best crypto projects in 2020.
Since it is a blockchain-based charity system, the donors have complete access to trace their cryptos or money and it remains accountable and immutable, leveraging the features that blockchain comes with.
The app came out to the world in 2019 with the help of the EOS blockchain. the primary focus of this application was to decentralize the entire social media network. It encouraged the users to ‘do good’, significant from its name. The users had to document that good deed online to create a positive wave throughout the community.
The number of users it acquired within a small span of time is really impressive. At one of the given points of time, it also achieved the status of one of the most used crypto apps across the entire blockchain system. The value provided by this application is also unimaginable. The users could earn crypto by a simple post on their app. This has become a source of passive or secondary income for people in developing nations. Indeed a great project to look out for in the upcoming years.
AidCoin is probably one of the most practical uses of cryptocurrency for doing good that I have seen in 2020 allowing websites to embed a widget into their website and accept donations in any cryptocurrency. All donated crypto is transferred into an AID token, which is also a stable coin. At first, this might seem like not such a good thing but the more I looked into it, the more I realized accepting a stable coin might actually make more sense for a charity as it reduces their risk exposure to volatility.
Power Ledger is one of the best crypto projects of 2020 and is solving a real-world problem using blockchain and crypto technology. They aim to disrupt the energy sector with a heightened focus on renewable energy.
Their software allows for three core things:
|Environmental commodities trading|
|Renewable asset ownership|
- Energy Trading- if users have excess energy from your solar panels, for example, they can trade that with their neighbor through Power Ledger.
- Environmental commodities trading- to help for the reliable tracking of renewable energy credits
- Renewable asset ownership- This will allow people who cannot afford their own renewable energy set-up to invest in fractional ownership.
Power Ledger is indeed creating a revolution in the energy sector by deploying one of the best technologies the new age world is seeing.
One of the noblest endeavors in today’s social media world is to protect the privacy of people. Security and privacy have almost become obsolete in the web 2.0 world.
To tackle this issue, one of the best crypto projects of 2020 was the Brave browser. For far too long, giants like Google and Facebook have gotten away with unethical data practices with nothing more than a slap on the wrist. They have been able to spy on their users, abuse their data and use it for whatever purpose they deem fit.
Brave Browser is looking to put an end to that through the most secure browser that exists on the market today.
Also, read about the Best crypto projects 2021.
Summing it Up!
2020 was indeed a year that worked as the foundation or the stepping stone to the revolutionary ideas that we are seeing today. These crypto projects are just not leveraging the latest technology but are also making a significant impact on the world. Each crypto project listed here tackles a different issue and resolves to bring in a better world. They are indeed the Best 5 crypto projects of 2020.
Also, read about the Best crypto projects 2022.
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Disclaimer: It is advisable to dive into an investment after conducting thorough research. The article is not aimed at any financial advice. *All prices are as of October 25th, 2021.