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Vaporware, sometimes written "vapourware," is undelivered hardware or software that is slated for distribution in the future. The phrase "vaporware" is derived from the words "vapor" and "software" or "hardware." Cryptocurrency initiatives that have yet to materialize are sometimes referred to as vaporware. Because the crypto market is unregulated, developers make claims about items that will cause currency values to grow or offer bogus tokens. Furthermore, some organizations postpone project termination statements, leaving interested parties in the dark. Crypto pundits frequently misuse the term vaporware in a pejorative way to disparage projects with reasonably long development schedules. One famous example is Ethereum, which was first seen as vaporware by some.