Crypto Investment Top 10 ranking Case Study
A fact finding approach to Crypto industry by CDI－Keyman Technology

2018 #1 CDI-PT Newsletter (Digest) Ver.2July 5, 2018
Corporate Directions, Inc. Partner Fumitaka Okumura
ChainSecure, Chief Blockchain Researcher

Chen, Chih-Hao (Jamie)

Keyman Technology, Ltd. Chief Technology Officer, ZAGAMA CEOJ.C. Lin−0−

Purpose of this Ranking
 To address rapid evolving blockchain technology, Crypto investment project which deserves to pay
attention were selected.
¾ Every project is trying to maximize decentralized network systems power and efficiency¾ Understand most recent trend of Crypto investment projects and cutting-edge technologies improve
efficiency or security【Remarks】
1. Outline
 As of 2018, top 10 Crypto-currency investment projects out of more than 3000 ICO Projects.
A remarkable Crypt currency investment project that is supposed to make a social impact through innovative effects by taking
advantages of the decentralize feature of the Blockchain in the future. Both public and private Blockchain, blockchain technology
has the “Magnitudes power" of the potential to radically transform society in the same way the internet did 20 years ago.
 People say “more than 90% ICO are scam”. So we tried to evaluate “Real Projects or services” that are deserve for introduction.
 This case evaluation was conducted by discussion by Fumitaka Okumura (CDI) and, Chih-Hao (Jamie) Chen (Experienced ICO
engineer, Chief Blockchain researcher) , J.C. Lin (Keyman Tec. CTO) in ranking style.
2. Approach of Ranking
 The basic evaluation clusters are the following four points 1 accessibility 2 efficiency 3 reliability/security 4 Innovation oftechnology.
 We could not have a consensus of ranking top 10 especially after 3rd. We found this work requires deep insight, wide knowledge
and strong belief for decentralization. So, We are going to update every 18 months.
3. This evaluation does not evaluate the attractiveness of token nor does it predict the growth of coins or services. The meaning of casestudies are to study future possibility and reliability of decentralized system.

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Background of this research project The Crypto-coin / Blockchain projects that began with Bitcoin in 2009 has evolved to the 2nd generation with theemergence of Ethereum in 2015, and continue to evolve further, spreading throughout the industry.

Major project

Generation
1st generation 2009z Crypto coin generation, distributionz Development and improvement of blockchain systemz Improve value and convenience of TOKEN

2nd generation 2014z To foster a Token economy base on blockchain systemz Utilize Smart Contract functionz Advance financial services integrate with real operation

2.5 generation 2016z Post Ethereum Blockchain Platformz Improvement of POW and new algorithmz Application to Blockchain for all industries

Corporate

Bitcoin
RippleEthereum
Verge Monero DashTenx Waves Komodo
BitShares Stellar Hyperledger・・

IOTA Cardano OmiseGo
EOS NEM Steem BTC
Stella BrickBlock
Qtum Lisk NEO Abyss ・・

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CDI Ranking
Top 10

CDI Ranking Top 10
 Our top 10 ICO projects and services (as of July 2018)
Project outline

Rank# Project name, MarketCap#

 1 Ethereum＃2

Protocol/Application
Platform
ProtocolConsensus Algorithm＃5Protocol

ECDSA, Keccak256

Execution, Stake(2019)

Solidity

Coin

ECDSA

Stake

WASM, mostly C++

Coin

Schnorr

Execution

Java script

XRP LCP, Permissioned

Coin

N/A

Nodes

Execution

Close, promise to go open

Pos (Ourobors)

Coin

BLAKE2b-256

Stake

Solidity

Coined25519

ExecutionCoin

Java, JS, C#, Python

Coin

Curl

N/A

Java, C++ API

Coin

Lattice cryptology

Delegated PoS Smart

Smart contract

 3 Lisk＃24

ProtocolBroadhash(DPoS)

Side Chain

 4 Ripple
 5 Cardano＃3＃8

Private Protocol
ProtocolSmart contract

 6 Stellar＃7Protocol

Stellar Consensus (FBA)

Asset Transaction

 7 IOTA＃9Protocol

MCMC Consensus

Transaction

 8 NEO＃12

ProtocolDBFT(NEO)Stake(GAS)Execution .Net Framework

Smart contract

 9 Bitcoin/BTC＃1,4

ProtocolPoWTransaction

 10 Monero＃14

ProtocolPoW

Smart contract

Coin

ECDSA, SHA256

Execution

ScriptCoin

Crypto Night

Execution

JSON RPC

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Corporate

Cryptography
Developer Support

Coin

PoW -> PoW/PoS (2019)

Smart contract

 2 EOSToken/Coin
Native Token Type

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CDI Ranking
1-2

CDI Ranking Top 1-2
 Ethereum as 1st in rank and EOS as 2nd in rank in the consensus of the evaluator. There might be objection to the2nd place, but we expect a lot as Ethereum's successor candidate.
Rank Project name 1 Ethereum(ETH)
Positive

Negative 2 EOS
Positive

Negative

Comments for ranking
 Ethereum actually changed the Block world. First Smart contract enable platform since 2015
 Very active developer community and Partnerships.
 Many DApps and over 95% ICO runs on Ethereum. It led many invention of Token Economy.
 First gas(execution cycles) price model. Even PoW creates doubt of centralized due to very few giant mining pools,
but truth is 51% attacks are still very hard to proceed Genius and decentralize believer Vitalik Buterin, Joseph Rubin Efficiency became a huge issues and got large attentions in 2018. Expecting Casper and Shading will be online
very soon in 2019 Many challenge in Scalability issue. Expects several approach : shading sidechain, PoS and Plasma Huge network load and limited Transaction. 15 tx/s

 the Provide all of the cryptography and app/blockchain communication functions to allow developers to focus
on their business-specific logic functions
 Generalized role-based permissions the Web toolkit for interface development, self-describing interfaces, selfdescribing database schemes, and a declarative permission scheme Zero transaction fee. DApp developers should purchase EOS token to utilize EOS's proportional share of resources High efficiency ,High through put claimed 100K/s, currently > 6000 tx/s
 Block Producer Rewards might cause vote bribery issues. Voting process is too hard to proceed.
 Constitution is the only solution. Unpredictable BP election in next 6 months. Main net not stable and no test net.

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Consultant and Researcher Profile Master of business administration (MBA) Keio University.
 Technologies expertise the apply of blockchain, 8K high-definition technology, 5G technology
 CDI Japan partner. CDI Taiwan Chief Executive Officer. Keyman Technology advisor. ZAGAMA advisor.
NGO Wildlife advisor.
Fumitaka Okumura（CDI PT-Partner）● Blockchain technology strategy for Infrastructure company● Promotion of 5G Management for Smartcity Program ● International Competitive Advantage of 8K/SVOD technology

 Master of Computer Science and Information Engineering (CS) National Chiao Tung University
 Bachelor of Mechanical Engineering Nation Tsing Hua University● CEO of CloudEX.app, the first decentralized EaaS(Exchange as as Service) platform ● Blockchain
Security and Smart Contract Auditor ● OTT/DRM expert ● A serial entrepreneur ● Technical leaderof legal-tech(AI) project
Chih-Hao (Jamie) Chen(Chief Blockchain Researcher) Institute of Business Administration (MBA) National Cheng Kung University
 Information management (MBA) Fu Jen University
 Keyman Blockchain consultant, Co-founder Time Box Blockchain service CTO, Co-founder Zagama Cloud Service CEO Game Heaven CTO
JC Lin(Keyman Blockchain
consultant, Co-founder)● Advisor and business consultant in Blockchain/Cryptocurrency-related projects ● Project leader ofAccounting and tax, sales and distribution, procurement and materials and business processes, etc.,
ERP, BPM, BPR ● Decision making in Artificial intelligence and big data analysis● Organization
planning and info construction of AR/VR new ventures

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As of July 2018
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