China’s Crypto Ratings Index Puts EOS in Top Slot, Drops …

A investigate organisation associated to China’s Ministry of Industry and Information Technology (MIIT) has expelled the latest analysis of blockchain networks – with maybe startling results.

The China Electronic Information Industry Development (CCID) Blockchain Research Institute – which aims to yield an eccentric rating system for the blockchain space – has placed the just-launched EOS network in the number one spot, with ethereum and NEO entrance second and third, respectively. The recover is the second since the index launched in May

Notably, bitcoin, the largest cryptocurrency by marketplace capitalization, was rated outward the tip 10 in 17th place – a dump from 13th in the last list, following a change in the ranking methods.

However, the plan sets out to sign 30 vital blockchains formed on their technological capabilities and use cases, not aspects associated to their financial valuation. According to the index’s website, the purpose of the list is to “evaluate the growth turn of tellurian public-owned sequence technology, accurately grasp the trend of blockchain.”

The chain of EOS in the tip container might be seen as rather controversial, however, since the plan went live as recently as Jun 14 and almost immediately encountered issues with transactions that forced developers to make a reckless fix.

Just days before to launch, EOS had also seen critical bugs raised by a Chinese internet confidence organisation that compulsory obligatory rags to be issued. The report said that loopholes in EOS’ formula could display nodes to attackers, giving them the ability to presumably take “full control” of transactions.

In the assessment, the CCID blockchain investigate group gave EOS 102 points for elemental technology, 15.4 for qualification and 44.1 for innovation. Meanwhile, ethereum – a height remarkable for the intelligent agreement functionality – scored reduce on fundamental record (85.2), but aloft on applicability (24.9).

The group wrote about the number one-placed blockchain:

“Because of the intensity to support blurb distributed applications, [EOS] is deliberate by the attention to be a standard deputy of Blockchain 3.0.”

Bitcoin was rated as low as 41.6 on the elemental record scale but, notably, scored comparatively well on creation (35).

Founded in 1995, CCID is the systematic investigate hospital for the MIIT, obliged for record investigate and development, policy-making and program contrast for a accumulation of sectors.

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Article source: https://www.coindesk.com/chinas-crypto-ratings-index-puts-eos-in-top-slot-drops-bitcoin/

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