The Chinese Government Release a New Monthly Ranking of Crypto Projects

Not so long ago, the Chinese government released the ranking of cryptocurrency projects. This new ranking has two new crypto projects included in it. EOS is number one on the list of up to 30 crypto projects, and Ethereum has dropped to second place. The shock of the list is Bitcoin coming in at 17th place.

The Chinese Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, has adjusted its crypto project rankings. On the 20th of this month, the second monthly Global Public Chain Technology Evaluation Index was officially released at the Shanghai Science Hall. This Global Public Chain Technology Evaluation Index consists of 30 crypto projects. The first index, which was introduced last month, had 28 projects, with the exception of the newly added EOS and Nebulas.

As stated by the CCID Network, the center’s media network under the Ministry of Industry and Information Technology, the CCID Public Chain Technology Assessment Working Group made the following changes to the ranking structure of the index. It noted; The second-phase assessment model has been optimized compared to the first phase. The security assessment algorithm has been improved and the evaluation indicator for ease of deployment of public chain nodes has been added.

The group went on to explain that the basic model of technology assessment has not changed since the index was. The evaluation criteria for the rankings are still based on three aspects of the overall crypto projects namely; the basic level of technology displayed, the usefulness of the application and finally the innovativeness of the project. However, there was no mention of typical factors used to rank cryptocurrencies such as liquidity, price, adoption or volume.

EOS, this cryptocurrency was not part of the first list to be released but tops the second list overall. EOS took the first spot on the list which was occupied by Ethereum in the first list last month. Ethereum moved from first to second, Bitcoin dropped from 13th to 17th place, and Bitcoin Cash fell slightly from 25th to 28th place.

The CCID detailed that; The EOS main network went live on June 10. Although there was an accident such as a short-term suspension, it was highly active in technology innovation, and the software update speed was still one of the new generation public chains that are currently most concerned by the industry. However, due to its short on-line time, the stability of the network remains to be observed.


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