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 real. The China Centre for Information Market Development (CCID) has released its fourth ‘Crypto task positions’, where the top 3 settings have been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th placement.

CCID started the ranking procedure in May, where it ranked a total of 28 cryptocurrencies. During the complying with 3 months, it included two, one and two coins respectively to the listing. The latest position that it has launched places EOS as well as Ethereum in the leading two settings.

However, the greatest shock is Komodo rising up to the 3rd position from it’s previous position of 10. It is stated to be an ambitious task which enables independent blockchain developers to start their very own project and also put up an ICO. Additionally, a decentralized exchange gets on the cards of the job.

Ranking Technique
China Electronics News Agency, which is regulated by CCID, states that the ranking are provided based on “A comprehensive examination as well as examination of the public chain from three elements; fundamental innovation, application and also technology”.

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

Besides these, Nebulas is ranked 4th, NEO at 5th and also Outstanding at 6th. Surprisingly sufficient, some of the leading coins by market cap, such as Ripple, Bitcoin money and also Litecoin, do not showcase in the leading 10 of CCID’s rankings.

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