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

Unexpected, yet real. The China Centre for Info Industry Development (CCID) has released its 4th ‘Crypto project positions’, where the top 3 positions have been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th setting.

CCID began the ranking procedure in May, where it rated a total of 28 cryptocurrencies. During the following 3 months, it added 2, one and also 2 coins specifically to the listing. The current position that it has released puts EOS and Ethereum in the leading two settings.

Nonetheless, the greatest surprise is Komodo rising up to the Third setting from it’s previous ranking of 10. It is claimed to be an enthusiastic task which enables independent blockchain developers to start their own job and also put up an ICO. Additionally, a decentralized exchange is on the cards of the project.

Ranking Method
China Electronic Devices News Agency, which is controlled by CCID, states that the ranking are provided based upon “A detailed examination and also evaluation of the general public chain from 3 aspects; standard technology, application and also innovation”.

However, the positions do rule out the financial perspective, which includes the coin cost, market capitalization and the trading volumes, which warrants why Bitcoin is not in the leading setting.

Apart from these, Nebulas is placed 4th, NEO at Fifth and also Excellent at Sixth. Surprisingly sufficient, a few of the top coins by market cap, such as Surge, Bitcoin cash and Litecoin, do not showcase in the leading 10 of CCID’s rankings.

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