BTC Slip While Embattled EOS Maintains #1 Spot In China’s New Cryptocurrency Ratings

China’s Center for Information and Industry Development (CCID) under the Country’s Ministry of Industry and Information Technology creates the rankings, which first appeared in May this year.

Its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 18th while awarding the top spot to blockchain platform EOS (EOS). The rankings were released in a press release on Dec. 21.

Now listing a total of 34 top cryptocurrencies by market cap on the premise of “basic tech,” “applicability” and “creativity,” the results have frequently courted controversy, especially with regard to Bitcoin’s consistently average ranking.

EOS began ranking top in June. Completing its eighth issue, the CCID maintained EOS’ pole position, with Ethereum (ETH) coming in second.

A Chinese domestic project also took third place in the form of data economy startup GXchain.

“Public blockchains with high performance and support for general application development are generally ranked high,” the CCID wrote.

A visual breakdown of the data is currently circulating on social media.

The rankings meanwhile awarded seventh place to BitShares (BTS), a project which shares the same creator as EOSDaniel Larimer.


Share your views and comments with us in the comment box below.

Be the first to comment

Leave a Reply

Your email address will not be published.