China Releases Ranking of 31 Crypto Projects

China Releases Ranking of 31 Crypto Projects

China’s Center for Information Industry Development has expelled the third ranking of crypto projects. Out of 31 projects, EOS stays at the tip of the list while both Bitcoin and Bitcoin Cash have softened somewhat from the prior month.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Third Ranking

China Releases Ranking of 31 Crypto ProjectsThe Center for Information Industry Development (CCID), underneath China’s Ministry of Industry and Information Technology, strictly expelled the third crypto plan ranking last week. The new list consists of 31 crypto projects.

The core began ranking 28 crypto projects in May. The following month it added 2 more projects: EOS and Nebulas. This month, one more is added, creation a sum of 31 crypto projects on the list. Gxchain is the latest addition.

China Releases Ranking of 31 Crypto ProjectsFor the latest ranking, EOS stays at the tip of the list, followed by Ethereum, just like the prior month. Similarly, NEM stays at the bottom of the list. Bitcoin has changed up from the 17th place to the 16th place while Bitcoin Cash from the 28th place to the 25th place.

Debuting in fourth place, Gxchain, is a “blockchain-based decentralized information exchange” built on a stable, Yuan-linked cryptocurrency, the whitepaper describes. It is designed as a “bridge between information sources expelled on different platforms,” according to the website.

China Releases Ranking of 31 Crypto Projects
CCID’s ranking of 31 crypto projects.

Ranking Methodology

CCID’s ranking is formed on a “comprehensive review and analysis of the open sequence from 3 aspects: simple technology, focus and innovation,” according to China Electronics News Agency (Cena), the media group headed by the Ministry of Industry and Information Technology.

China Releases Ranking of 31 Crypto Projects“The simple record [aspect] especially assesses the technical turn of the stream open chain, including analysis of functions, performance, confidence and decentralization,” the media group detailed. “In terms of simple technical sub-indicators, EOS scored the highest.”

“The focus [aspect] especially examines the extensive ability of the open sequence to support unsentimental applications, including node deployment, wallet application, growth support and focus implementation,” Cena described. Ethereum was the CCID’s collect for this aspect.

“The creation comment focuses on continual creation in open sequence open source code, including the number of contributors, formula updates, and formula impact,” the announcement wrote, adding:

Bitcoin ranked first in terms of the tellurian change and high creation activity.

What do you think of this CCID ranking? Let us know in the comments territory below.


Images pleasantness of Shutterstock and CCID.


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Article source: https://news.bitcoin.com/china-ranking-crypto/