China Updated its Crypto Ranking in Three Categories
China has updated its crypto ranking, adding two projects to the prior month’s list. Crypto projects are ranked in three categories: technology, application, and innovation. Bitcoin has considerably improved, making the top 10 list for the 1st time.
33 Crypto Projects Ranked
China’s Center for Information Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, officially released its 4th crypto project ranking on Friday. The new list contains 33 crypto projects, 2 more than the previous list. The center started ranking 28 crypto projects in May. The next month it added 2 more projects: EOS and Nebulas. Last month yet another was added: Gxchain. This month two more public chains were added: NULS and Tezos.
For the first time since the CCID began ranking crypto projects, Bitcoin made the top 10 list, jumping from the 16th place in the previous month to the 10th place this month. Meanwhile, EOS remains top of the list, followed by Ethereum.
The CCID described that its assessment “mainly examines the basic technology, application and innovation of public chains,” adding: The existing model is basically the same as the prior one, and only some data accounting strategies have been revised. In terms of the composite index, the 3 public chains with the highest increase in scores compared to the previous period were EOS, Nano and Komodo, and the 3 public chains which have risen the quickest in ranking were Komodo, Nano and Bitcoin.
Bitcoin’s Lead and New Additions
The CCID elaborated that “in terms of innovation sub-indicators, Bitcoin’s latest code update is quite active,” earning the project a score of 40.3 for this category – the best on the list. The overall ranking puts EOS at the top of the list, Bitcoin the 10th place, Stratis the 13th place, Bitcoin Cash 29th, and Hcash 30th. However, the center noted: Compared with the prior ranking, the top 5 most improved innovation are EOS, Bitcoin, Bitcoin Cash, Hcash and Stratis.
The 2 new additions, NULS and Tezos, debuted in the 21st and 28th places, respectively. The previous “is a blockchain infrastructure for customized services,” consisting of “microkernels and functional modules,” the center described.” It occupies the 21st place overall “due to the short time its mainnet has been online, [and] many features remain under development. Similarly, the center ranks Tezos 28th even though “Tezos also has outstanding features in technological innovation,” the CCID detailed.