Crypto fans had a field day deciphering the rationale behind China’s lineup of blockchains.
Much as the same as the Weiss rating estimation, the current Chinese top 28 of crypto coins and assets astonished and amused investors and traders. Feelings run hot with regards to characterizing the best chain, or the most robust project.
However, the most dramatic reaction was the positioning of Bitcoin on position 13. There are also surprises at the top too. Ethereum is listed as the main blockchain, yet the second position has a place with Steem, as of now the biggest blockchain-based social media.
The Berlin-based blockchain project list is listed in front of NEO, a blockchain seen as one of the most robust Chinese networks.
Other network tokens in the main 28 of assets include Komodo, Stellar, QTUM, Stratis, and NEM. The list also includes a few coins, or assets to function as money, not as tools to manage distributed applications. Verge’s total score is basically the same as bitcoin. The instance of Verge is perplexing, since the asset is smaller in market capitalization and trading, and its network recently observed an attack of rogue mining because of a bug.
The criteria by which the blockchains are lister incorporate an assessment of the technology, convenience, and advancement. Consequently the rankings for some of the more unpredictable blockchains like Komodo.
However, in reality, coin use has a completely unique profile. But some crypto fans speculated the ratings might reveal China’s availability to enable more opportunity to blockchain projects.
For Weiss Ratings, in a recent block, the rating agency specialist turned to the unique phenomenon of platform coins, trusting they have more intrinsic value than stocks. Tokens like NEO, QTUM, and soon TRON also give service on the network and also paying out small revenue in digital assets.
Platform coins are special in securing funding to projects around the world, stretching out the scope of subsidizing to projects that would never captivate the attention of customary capital firms.