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

Surprising, yet true. The China Centre for Information Sector Growth (CCID) has actually released its 4th ‘Crypto task rankings’, where the leading 3 placements have been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th placement.

CCID started the ranking procedure in May, where it placed a total of 28 cryptocurrencies. Throughout the complying with 3 months, it added 2, one and two coins respectively to the listing. The latest ranking that it has released puts EOS and also Ethereum in the top two settings.

However, the most significant shock is Komodo rising up to the Third position from it’s previous ranking of 10. It is claimed to be an enthusiastic job which permits independent blockchain designers to start their own job and installed an ICO. Likewise, a decentralized exchange gets on the cards of the project.

Ranking Technique
China Electronics News Agency, which is governed by CCID, says that the ranking are supplied based upon “A comprehensive investigation and also examination of the public chain from three aspects; standard modern technology, application as well as advancement”.

Nonetheless, the rankings do not consider the financial viewpoint, that includes the coin rate, market capitalization and the trading quantities, which warrants why Bitcoin is not in the leading setting.

In addition to these, Nebulas is placed Fourth, NEO at 5th as well as Stellar at Sixth. Surprisingly enough, some of the leading coins by market cap, such as Surge, Bitcoin money and Litecoin, do not showcase in the top 10 of CCID’s positions.

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