China recently revealed its second batch of state-endorsed cryptocurrency ratings and notably, EOS takes the lead this round as it was entirely excluded in the first set of ratings released in May 2018.
Ethereum, Steem, and Lisk held the top ratings the first time around.
The blockchain projects ratings depend on three different components based on technology, application, and innovation.
The ratings are controlled and lead by the Chinese Center for Information Industry Development under China's culture ministry.
The group uses the ratings to evaluate the usefulness of the application, technological capability, and development level of the projects.
Noticeably, Bitcoin ranks 17th out of the 30 listed according to CCID experts.
In the first list, Komodo unexpectedly ranked 5th but dropped to 16th.EOS In The Spotlight.
EOS's top ranking is surprising considering the scrutiny and issues the project faced since its mainnet launch two weeks ago.
EOS has been heavily criticized since inception by cryptocurrency analysts, experts, and its investors.
We're tracking 1138 projects from all around the globe.
EOS, Ethereum and NEO Receive Top Ratings by China in Round Two
Published on Jun 24, 2018
by Cryptoslate | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.