EOS Ranked #1 by Chinese Government for second Month in a Row

For the second month in a row, EOS remains at the top of a monthly list of 31 cryptocurrency projects by the Chinese Center for Information Industry Development (CCID). Bitcoin has improved its ranking from 17 to 16, still below its May rating of 13. Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash moved from 28 to 25 place. NEM remains at the bottom of the list.

The CCID originally began releasing monthly crypto rankings in May of this year with a list of 28 projects. EOS and Nebulas were added to the list in June; GxChain was added this month (in 4th place, no less) bringing the total to 31.

July’s rankings.

Ratings Are Given Based Off of Innovation, Technology, and Application

The China Electronics News Agency (CENA) explained that CCID’s rankings are based on “comprehensive investigation and evaluation of the public chain from three aspects: basic technology, application and innovation.” CENA is the Ministry of Industry and Information Technology’s media agency.

4/ Detailed scores of the first crypto ratings by CCID Research, China's Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge

— cnLedger [Not giving away ETH] (@cnLedger) May 17, 2018

May’s rankings.

According to CENA, “The application [criteria] mainly examines the comprehensive ability of the public chain to support practical applications.” This includes capabilities for dapp development support and node deployment; Ethereum was the CCID’s top pick for this particular criteria and was at the top overall of the May list of rankings.

Bitcoin ranked first in terms of the innovation criteria, which “focuses on continuous innovation in public chain open source code, including the number of contributors, code updates, and code impact.”

2/ Original report (in Chinese) with the full list of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term under evaluation: Link 1, https://t.co/jMt0sGCgq9 Link 2, https://t.co/E4t3mo4zgB

— cnLedger [Not giving away ETH] (@cnLedger) May 12, 2018

The ratings have been the target of some online criticism. Eric Zhao, the man behind the @cnLedger Twitter account (which boasts more than 75.3k followers) said that the ratings were assigned by people who don’t understand blockchain. “Most old-school experts haven’t followed the crypto space long enough to grasp some of the traits of tech and community that can’t be found elsewhere,” he tweeted in May.

However, Zhao believes that the ratings may be “a sign that the officials are starting to treat crypto projects more like a neutral endeavour towards better technology and innovations, rather than just challenging the power and authority of banks and government.”

The ratings have also been compared to the controversial Weiss crypto ratings that were originally published earlier this year.