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

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

Surprising, yet real. The China Centre for Info Industry Growth (CCID) has actually released its 4th ‘Crypto project rankings’, where the leading 3 settings have actually been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th setting.

CCID began the ranking procedure in May, where it placed a total amount of 28 cryptocurrencies. Throughout the following 3 months, it added 2, one and 2 coins respectively to the listing. The current position that it has actually released puts EOS as well as Ethereum in the leading two positions.

Nonetheless, the greatest surprise is Komodo rising up to the 3rd placement from it’s previous position of 10. It is claimed to be an enthusiastic task which enables independent blockchain developers to start their own project as well as set up an ICO. Also, a decentralized exchange is on the cards of the job.

Ranking Technique
China Electronics News Agency, which is governed by CCID, claims that the ranking are supplied based upon “A detailed examination and evaluation of the public chain from 3 aspects; fundamental modern technology, application and innovation”.

Nonetheless, the rankings do rule out the monetary point of view, which includes the coin cost, market capitalization and the trading quantities, which warrants why Bitcoin is not in the leading placement.

Aside from these, Nebulas is placed 4th, NEO at Fifth as well as Outstanding at 6th. Surprisingly enough, several of the top coins by market cap, such as Ripple, Bitcoin money and Litecoin, do not include in the top 10 of CCID’s rankings.

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