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

CCID began the ranking process in May, where it ranked a total amount of 28 cryptocurrencies. Throughout the following 3 months, it included two, one as well as two coins respectively to the listing. The current position that it has launched puts EOS and Ethereum in the top 2 settings.

Nevertheless, the largest shock is Komodo rising to the Third position from it’s previous ranking of 10. It is stated to be an ambitious project which allows independent blockchain developers to start their own project and also set up an ICO. Additionally, a decentralized exchange is on the cards of the task.

Ranking Methodology
China Electronics News Agency, which is regulated by CCID, claims that the ranking are provided based on “A detailed investigation and evaluation of the general public chain from three facets; basic modern technology, application and development”.

However, the rankings do rule out the monetary viewpoint, that includes the coin rate, market capitalization as well as the trading quantities, which justifies why Bitcoin is not in the top placement.

In addition to these, Nebulas is placed 4th, NEO at 5th and Outstanding at 6th. Surprisingly enough, a few of the leading coins by market cap, such as Ripple, Bitcoin cash as well as Litecoin, do not feature in the top 10 of CCID’s rankings.

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