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 real. The China Centre for Info Sector Advancement (CCID) has actually launched its 4th ‘Crypto task rankings’, where the leading 3 positions have been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th placement.

CCID began the ranking procedure in May, where it placed a total amount of 28 cryptocurrencies. Throughout the following 3 months, it added 2, one and also 2 coins specifically to the listing. The most up to date ranking that it has actually launched places EOS as well as Ethereum in the top 2 placements.

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

Ranking Approach
China Electronic Devices News Agency, which is controlled by CCID, claims that the position are supplied based upon “A thorough examination as well as analysis of the general public chain from 3 elements; basic innovation, application and also development”.

Nevertheless, the rankings do not consider the monetary perspective, that includes the coin cost, market capitalization as well as the trading quantities, which warrants why Bitcoin is not in the top position.

Apart from these, Nebulas is placed Fourth, NEO at 5th as well as Outstanding at Sixth. Surprisingly sufficient, some of the top coins by market cap, such as Ripple, Bitcoin cash and also Litecoin, do not feature in the top 10 of CCID’s rankings.

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