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

Unexpected, yet true. The China Centre for Information Market Advancement (CCID) has actually launched its 4th ‘Crypto task positions’, where the leading 3 settings have actually been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th position.

CCID began the ranking procedure in May, where it placed a total of 28 cryptocurrencies. During the adhering to 3 months, it included 2, one as well as 2 coins specifically to the listing. The current ranking that it has actually released places EOS and Ethereum in the leading two settings.

However, the largest surprise is Komodo rising up to the Third position from it’s previous ranking of 10. It is stated to be an ambitious project which enables independent blockchain programmers to begin their own project and installed an ICO. Additionally, a decentralized exchange is on the cards of the job.

Ranking Method
China Electronic Devices News Agency, which is governed by CCID, says that the position are supplied based upon “A detailed investigation and evaluation of the public chain from 3 aspects; fundamental modern technology, application and technology”.

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

Aside from these, Nebulas is ranked Fourth, NEO at Fifth and Stellar at 6th. Remarkably sufficient, a few of the leading coins by market cap, such as Ripple, Bitcoin cash money and also Litecoin, do not include in the top 10 of CCID’s rankings.

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