China Releases Ranking of 31 Crypto Projects – Finance Bitcoin News


China Releases Ranking of 31 Crypto Projects

China’s Center for Information Industry Development has released its third ranking of crypto projects. Out of 31 projects, EOS remains at the top of the list while both Bitcoin and Bitcoin Cash have improved slightly from the previous month.

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

Third Ranking

China Releases Ranking of 31 Crypto ProjectsThe Center for Information Industry Development (CCID), under China’s Ministry of Industry and Information Technology, officially released its third crypto project ranking last week. The new list consists of 31 crypto projects.

The center began ranking 28 crypto projects in May. The following month it added 2 more projects: EOS and Nebulas. This month, one more is added, making a total of 31 crypto projects on the list. Gxchain is the latest addition.

China Releases Ranking of 31 Crypto ProjectsFor the latest ranking, EOS remains at the top of the list, followed by Ethereum, just like the previous month. Similarly, NEM stays at the bottom of the list. Bitcoin has moved up from the 17th place to the 16th place while Bitcoin Cash from the 28th place to the 25th place.

Debuting in fourth place, Gxchain, is a “blockchain-based decentralized data exchange” built on a stable, Yuan-linked cryptocurrency, its whitepaper describes. It is designed as a “bridge between data sources released on different platforms,” according to its website.

China Releases Ranking of 31 Crypto Projects
CCID’s ranking of 31 crypto projects.

Ranking Methodology

CCID’s ranking is based on a “comprehensive investigation and evaluation of the public chain from three aspects: basic technology, application and innovation,” according to China Electronics News Agency (Cena), the media agency headed by the Ministry of Industry and Information Technology.

China Releases Ranking of 31 Crypto Projects“The basic technology [aspect] mainly assesses the technical level of the current public chain, including evaluation of functions, performance, security and decentralization,” the media agency detailed. “In terms of basic technical sub-indicators, EOS scored the highest.”

“The application [aspect] mainly examines the comprehensive ability of the public chain to support practical applications, including node deployment, wallet application, development support and application implementation,” Cena described. Ethereum was the CCID’s pick for this aspect.

“The innovation assessment focuses on continuous innovation in public chain open source code, including the number of contributors, code updates, and code impact,” the publication wrote, adding:

Bitcoin ranked first in terms of its global influence and high innovation activity.

What do you think of this CCID ranking? Let us know in the comments section below.

Images courtesy of Shutterstock and CCID.

Tags in this story
Bitcoin, bitcoin cash, BTC, CCID, Center for Information Industry Development, China, chinese, Cryptocurrency, Digital Currency, EOS, ETH, Ethereum, Government, gxchain, N-Economy, NEM, ranking, Virtual Currency

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Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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