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 Info Sector Development (CCID) has actually launched its fourth ‘Crypto job rankings’, where the top 3 settings have been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th setting.

CCID started the ranking process in May, where it rated a total amount of 28 cryptocurrencies. Throughout the adhering to 3 months, it added two, one and 2 coins respectively to the listing. The current ranking that it has actually launched puts EOS and also Ethereum in the top two placements.

Nonetheless, the biggest surprise is Komodo rising up to the 3rd setting from it’s previous position of 10. It is stated to be an enthusiastic project which allows independent blockchain developers to start their very own project and set up an ICO. Likewise, a decentralized exchange is on the cards of the task.

Ranking Methodology
China Electronic Devices News Agency, which is regulated by CCID, says that the ranking are offered based upon “A comprehensive examination and also analysis of the general public chain from 3 aspects; standard modern technology, application as well as advancement”.

Nevertheless, the rankings do rule out the financial point of view, which includes the coin price, market capitalization as well as the trading volumes, which warrants why Bitcoin is not in the leading placement.

Besides these, Nebulas is rated Fourth, NEO at 5th and Stellar at 6th. Remarkably enough, several of the top coins by market cap, such as Ripple, Bitcoin money and Litecoin, do not include in the top 10 of CCID’s rankings.

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