EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

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August 20, 2018 by
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EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

Surprising, yet true. The China Centre for Information Industry Advancement (CCID) has released its 4th ‘Crypto job rankings’, where the leading 3 settings have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID started the ranking process in May, where it rated a total amount of 28 cryptocurrencies. During the following 3 months, it included 2, one and also 2 coins respectively to the listing. The current position that it has released places EOS and also Ethereum in the top 2 positions.

Nevertheless, the largest shock is Komodo rising up to the 3rd setting from it’s previous position of 10. It is said to be an ambitious project which allows independent blockchain developers to start their very own project and also put up an ICO. Also, a decentralized exchange is on the cards of the project.

Ranking Technique
China Electronic Devices News Agency, which is controlled by CCID, states that the ranking are given based on “A thorough investigation and also analysis of the general public chain from 3 facets; standard technology, application as well as development”.

Nevertheless, the positions do rule out the financial point of view, that includes the coin cost, market capitalization and the trading quantities, which warrants why Bitcoin is not in the top position.

In addition to these, Nebulas is ranked Fourth, NEO at Fifth and also Excellent at Sixth. Remarkably sufficient, a few of the leading coins by market cap, such as Surge, Bitcoin cash and also Litecoin, do not include in the top 10 of CCID’s rankings.

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