EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

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August 20, 2018 by
EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

Surprising, yet true. The China Centre for Information Industry Advancement (CCID) has launched its 4th ‘Crypto project rankings’, where the leading 3 placements have been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th placement.

CCID began the ranking process in May, where it placed a total of 28 cryptocurrencies. During the adhering to 3 months, it added 2, one as well as two coins specifically to the listing. The current ranking that it has actually released puts EOS and also Ethereum in the top 2 positions.

Nevertheless, the biggest shock is Komodo rising to the Third setting from it’s previous position of 10. It is claimed to be an enthusiastic project which enables independent blockchain developers to start their own job as well as put up an ICO. Additionally, a decentralized exchange is on the cards of the job.

Ranking Methodology
China Electronics News Agency, which is governed by CCID, states that the position are offered based upon “A detailed examination as well as analysis of the public chain from 3 facets; fundamental technology, application as well as innovation”.

Nonetheless, the rankings do not consider the monetary viewpoint, which includes the coin cost, market capitalization and the trading quantities, which validates why Bitcoin is not in the leading position.

Apart from these, Nebulas is ranked Fourth, NEO at 5th as well as Outstanding at Sixth. Remarkably enough, several of the top coins by market cap, such as Surge, Bitcoin cash as well as Litecoin, do not showcase in the leading 10 of CCID’s positions.

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