Market Analysis

China Updates Crypto Ranking, Downgrades BTC Further

from The Bitcoin News 5 years ago 0 0 646

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

EOS still tops the list overall, followed by Ethereum and then Bitshares. Falling from 10th place in August to 16th place in September, BTC now occupies the 19th spot in this latest update. BCH has gained a few positions, up from 31st place in September to 28th place. Meanwhile, NEM remains at the bottom of the list.

The ranking was organized and implemented by the CCID and jointly carried out by a number of organizations including the CCID Think Tank, under the China Electronics and Information Industry Development Institute, and the China Software Testing Center. “The purpose is to scientifically assess the development level of global public chain technology and accurately grasp the trend,” the center clarified. The first ranking was published in May.

Thirty-three crypto projects were evaluated in three broad categories as well as overall. The three categories are basic technology, applicability, and creativity.

At present, EOS and Ethereum are undoubtedly the preferred platforms for Dapp development worldwide, and EOS is showing a stronger momentum. The data shows that EOS Dapp is highly active and user increments are large.

In terms of applicability, this latest ranking “has improved the evaluation methods of development tools and comprehensively evaluated APIs, SDKs, RPCs, smart contracts and other development tools,” the CCID elaborated. The top five projects in this category are Ethereum, Neo, Nebula, Quantum and Dash.

In terms of creativity, the top five are BTC, Ethereum, EOS, Nuls and Cardano. “Compared with the previous index, the public chains with the largest increases in the innovation index are Ripple, Nuls, Iota, Nebula and Bitcoin Cash,” the CCID detailed.

What do you think of China’s latest crypto project ranking? Let us know in the comments section below.

Images courtesy of Shutterstock and CCID.

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