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

Surprising, yet real. The China Centre for Details Sector Development (CCID) has launched its 4th ‘Crypto project positions’, where the leading 3 placements have actually been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th placement.

CCID began the ranking procedure in May, where it ranked a total of 28 cryptocurrencies. During the following 3 months, it added two, one and two coins respectively to the listing. The most up to date ranking that it has actually launched puts EOS as well as Ethereum in the top two placements.
Nevertheless, the most significant shock is Komodo rising to the 3rd setting from it’s previous ranking of 10. It is claimed to be an enthusiastic task which permits independent blockchain developers to begin their own project and also put up an ICO. Likewise, a decentralized exchange is on the cards of the job.

Ranking Methodology

China Electronic Devices News Agency, which is governed by CCID, states that the ranking are given based upon “A comprehensive investigation as well as analysis of the general public chain from 3 elements; fundamental modern technology, application and also technology”.

Nonetheless, the positions do rule out the financial viewpoint, which includes the coin cost, market capitalization and also the trading volumes, which warrants why Bitcoin is not in the top setting.

Apart from these, Nebulas is placed 4th, NEO at 5th and also Outstanding at 6th. Remarkably sufficient, a few of the top coins by market cap, such as Ripple, Bitcoin cash and also Litecoin, do not showcase in the leading 10 of CCID’s positions.

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