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

Unusual, yet true. The China Centre for Information Industry Development (CCID) has actually released its 4th ‘Crypto job positions’, where the top 3 positions have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID started the ranking process in May, where it rated a total amount of 28 cryptocurrencies. During the complying with 3 months, it added 2, one and also two coins respectively to the listing. The most recent position that it has launched puts EOS as well as Ethereum in the leading two placements.

Nevertheless, the greatest shock is Komodo rising to the Third placement from it’s previous position of 10. It is said to be an enthusiastic task which allows independent blockchain developers to start their very own project as well as set up an ICO. Also, a decentralized exchange is on the cards of the project.

Ranking Method
China Electronic Devices News Agency, which is controlled by CCID, says that the position are offered based on “An extensive investigation and also evaluation of the general public chain from three facets; fundamental modern technology, application and also development”.

However, the rankings do not consider the monetary viewpoint, that includes the coin rate, market capitalization and also the trading volumes, which validates why Bitcoin is not in the leading setting.

Besides these, Nebulas is placed 4th, NEO at 5th as well as Excellent at Sixth. Remarkably enough, several of the leading coins by market cap, such as Ripple, Bitcoin cash and Litecoin, do not feature in the leading 10 of CCID’s rankings.

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