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 true. The China Centre for Details Industry Advancement (CCID) has actually released its fourth ‘Crypto job positions’, where the leading 3 positions have actually been taken by EOS, Ethereum and also Komodo. Bitcoin is at the 10th position.

CCID began the ranking process in May, where it ranked an overall of 28 cryptocurrencies. During the adhering to 3 months, it added 2, one and two coins specifically to the listing. The current ranking that it has launched places EOS and Ethereum in the top 2 placements.

However, the most significant shock is Komodo rising to the 3rd setting from it’s previous position of 10. It is claimed to be an ambitious project which allows independent blockchain designers to begin their own task 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 supplied based on “An extensive investigation and also evaluation of the public chain from three aspects; basic innovation, application as well as technology”.

However, the positions do not consider the monetary point of view, that includes the coin rate, market capitalization and the trading volumes, which justifies why Bitcoin is not in the top setting.

Besides these, Nebulas is ranked Fourth, NEO at Fifth and also Excellent at 6th. Remarkably enough, a few of the leading coins by market cap, such as Ripple, Bitcoin money and Litecoin, do not include in the leading 10 of CCID’s positions.

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