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

Unusual, yet real. The China Centre for Information Industry Advancement (CCID) has actually launched its fourth ‘Crypto project rankings’, where the leading 3 positions have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th placement.

CCID began the ranking process in May, where it placed a total amount of 28 cryptocurrencies. During the complying with 3 months, it added 2, one as well as 2 coins specifically to the listing. The most recent position that it has actually released puts EOS as well as Ethereum in the top 2 positions.

Nonetheless, the most significant surprise is Komodo rising to the 3rd position from it’s previous ranking of 10. It is said to be an enthusiastic task which allows independent blockchain developers to begin their very own project and installed an ICO. Also, a decentralized exchange gets on the cards of the job.

Ranking Technique
China Electronic Devices News Agency, which is governed by CCID, states that the ranking are provided based upon “A thorough investigation as well as analysis of the public chain from 3 aspects; standard innovation, application and innovation”.

Nevertheless, the rankings do rule out the financial viewpoint, that includes the coin price, market capitalization as well as the trading volumes, which justifies why Bitcoin is not in the leading position.

In addition to these, Nebulas is rated Fourth, NEO at Fifth and Excellent at Sixth. Surprisingly sufficient, some of the leading coins by market cap, such as Ripple, Bitcoin money as well as Litecoin, do not include in the top 10 of CCID’s positions.

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