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 true. The China Centre for Info Industry Development (CCID) has released its fourth ‘Crypto task positions’, where the top 3 settings have actually been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th setting.

CCID began the ranking process in May, where it ranked an overall of 28 cryptocurrencies. During the adhering to 3 months, it included two, one and also 2 coins respectively to the listing. The most recent ranking that it has actually launched puts EOS and also Ethereum in the top two placements.

Nonetheless, the greatest surprise is Komodo rising to the 3rd placement from it’s previous ranking of 10. It is said to be an ambitious task which enables independent blockchain designers to start their very own task and set up an ICO. Additionally, a decentralized exchange gets on the cards of the job.

Ranking Method
China Electronic Devices News Agency, which is regulated by CCID, claims that the ranking are supplied based upon “An extensive examination and assessment of the public chain from 3 facets; standard technology, application as well as innovation”.

However, the positions do rule out the financial perspective, that includes the coin cost, market capitalization and also the trading quantities, which justifies why Bitcoin is not in the leading setting.

Aside from these, Nebulas is ranked 4th, NEO at 5th and also Outstanding at Sixth. Remarkably sufficient, some of the leading coins by market cap, such as Ripple, Bitcoin cash money and also Litecoin, do not feature in the leading 10 of CCID’s positions.

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