China's Crypto Ratings Index Puts EOS in Top Slot, Drops Bitcoin

A research group linked to China's Ministry of Industry and Information Technology has released its latest evaluation of blockchain networks - with perhaps surprising results.

The China Electronic Information Industry Development Blockchain Research Institute - which aims to provide an independent rating system for the blockchain space - has placed the just-launched EOS network in the number one spot, with ethereum and NEO coming second and third, respectively.

The project sets out to gauge 30 major blockchains based on their technological capabilities and use cases, not aspects related to their financial valuation.

According to the index's website, the purpose of the list is to "Evaluate the development level of global public-owned chain technology, accurately grasp the trend of blockchain."

The placement of EOS in the top slot may be seen as somewhat controversial since the project went live as recently as June 14 and almost immediately encountered issues with transactions that forced developers to make a hasty fix.

Just days prior to launch, EOS had also seen serious bugs raised by a Chinese internet security firm that required urgent patches to be issued.

In its assessment, the CCID blockchain research team gave EOS 102 points for fundamental technology, 15.4 for applicability and 44.1 for innovation.

"Because of its potential to support commercial distributed applications, [EOS] is considered by the industry to be a typical representative of Blockchain 3.0.".

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