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 Details Industry Advancement (CCID) has released its fourth ‘Crypto task rankings’, where the top 3 placements have been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID started the ranking procedure in May, where it placed a total amount of 28 cryptocurrencies. During the adhering to 3 months, it added 2, one and also 2 coins respectively to the listing. The most recent position that it has actually released places EOS as well as Ethereum in the top 2 positions.

However, the biggest surprise is Komodo rising up to the 3rd setting from it’s previous ranking of 10. It is stated to be an ambitious task which permits independent blockchain programmers to begin their own job as well as installed an ICO. Additionally, a decentralized exchange is on the cards of the task.

Ranking Method
China Electronics News Agency, which is governed by CCID, says that the position are provided based upon “A detailed investigation as well as analysis of the public chain from 3 aspects; fundamental modern technology, application as well as advancement”.

However, the positions do rule out the financial viewpoint, that includes the coin price, market capitalization and also the trading volumes, which justifies why Bitcoin is not in the leading position.

In addition to these, Nebulas is placed Fourth, NEO at 5th as well as Outstanding at 6th. Surprisingly enough, a few of the leading coins by market cap, such as Surge, Bitcoin cash money and Litecoin, do not showcase in the top 10 of CCID’s positions.

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