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 Info Sector Advancement (CCID) has launched its 4th ‘Crypto project rankings’, where the top 3 settings have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID began the ranking process in May, where it placed a total of 28 cryptocurrencies. Throughout the adhering to 3 months, it added 2, one as well as 2 coins specifically to the listing. The current ranking that it has launched puts EOS as well as Ethereum in the top 2 positions.
Nevertheless, the greatest shock is Komodo rising to the Third position from it’s previous ranking of 10. It is claimed to be an ambitious project which permits independent blockchain developers to begin their very 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 ranking are provided based upon “A comprehensive investigation as well as evaluation of the general public chain from three aspects; standard technology, application as well as innovation”.

Nonetheless, the rankings do not consider the financial viewpoint, that includes the coin price, market capitalization and the trading volumes, which validates why Bitcoin is not in the leading setting.

Apart from these, Nebulas is placed Fourth, NEO at 5th and Stellar at 6th. Remarkably enough, several of the top coins by market cap, such as Ripple, Bitcoin cash money and also Litecoin, do not include in the leading 10 of CCID’s positions.

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