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

Shocking, yet real. The China Centre for Information Industry Development (CCID) has actually released its fourth ‘Crypto job positions’, where the top 3 placements have been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th placement.

CCID started the ranking process in May, where it rated a total amount of 28 cryptocurrencies. Throughout the complying with 3 months, it added 2, one and also two coins respectively to the listing. The current position that it has actually released places EOS as well as Ethereum in the top 2 placements.

Nevertheless, the largest surprise is Komodo rising to the 3rd setting from it’s previous position of 10. It is claimed to be an enthusiastic project which enables independent blockchain designers to start their very own job and installed an ICO. Likewise, a decentralized exchange gets on the cards of the task.

Ranking Method
China Electronics News Agency, which is regulated by CCID, says that the position are supplied based upon “A comprehensive investigation and also analysis of the public chain from 3 facets; basic technology, application as well as technology”.

Nonetheless, the rankings do rule out the monetary viewpoint, which includes the coin rate, market capitalization and the trading volumes, which warrants why Bitcoin is not in the leading position.

In addition to these, Nebulas is placed 4th, NEO at 5th and also Excellent at Sixth. Remarkably enough, some of the top coins by market cap, such as Surge, Bitcoin money and Litecoin, do not showcase in the leading 10 of CCID’s rankings.

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