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 Info Sector Advancement (CCID) has released its fourth ‘Crypto project positions’, where the top 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 rated a total of 28 cryptocurrencies. During the following 3 months, it included two, one and also two coins specifically to the listing. The latest ranking that it has actually released places EOS as well as Ethereum in the leading 2 placements.

Nonetheless, the largest surprise is Komodo rising up to the 3rd position from it’s previous ranking of 10. It is said to be an ambitious task which permits independent blockchain programmers to start their very own task as well as put up an ICO. Likewise, a decentralized exchange is on the cards of the task.

Ranking Technique
China Electronics News Agency, which is governed by CCID, says that the ranking are offered based on “A detailed investigation and also examination of the general public chain from 3 facets; basic technology, application and advancement”.

However, the rankings do not consider the monetary perspective, that includes the coin rate, market capitalization and also the trading volumes, which warrants why Bitcoin is not in the top setting.

In addition to these, Nebulas is ranked Fourth, NEO at 5th and Stellar at 6th. Surprisingly sufficient, a few of the top coins by market cap, such as Ripple, Bitcoin money as well as Litecoin, do not showcase in the top 10 of CCID’s positions.

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