The ranking of cryptocurrency projects by the Chinese government has been revised with two new crypto projects added. EOS tops the overall list of 30 crypto projects; Ethereum fell to second place while Bitcoin dropped to 17th place.
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China Now Ranks 30 Crypto Projects
China’s Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, has revised its crypto project rankings. The second monthly Global Public Chain Technology Evaluation Index was officially released on June 20 at the Shanghai Science Hall, consisting of 30 crypto projects.
The first index, introduced last month, has 28 projects, missing the two newly-added EOS and Nebulas.
According to the CCID Network, the center’s media network under the Ministry of Industry and Information Technology, the CCID Public Chain Technology Assessment Working Group has made some changes to the ranking structure of the index:
The second-phase assessment model has been optimized compared to the first phase. The security assessment algorithm has been improved and the evaluation indicator for ease of deployment of public-chain nodes has been added.
However, the basic model of technology assessment has not changed since the index was, the group explained. Evaluation criteria for the rankings are still focused on three aspects of the overall crypto projects: the basic level of technology displayed, the usefulness of the application, and the innovativeness of the project. There was no mention of typical factors used to rank cryptocurrencies such as liquidity, volume, adoption, or price.
EOS First, Bitcoin Dropped to 17th Place
EOS, which was not included on the original list, tops the second list overall. Ethereum, which ranked number one last month, has now been bumped to second place. Bitcoin
