China ranks 34 crypto projects, its own EOS tops overall

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The China Center for Information and Industry Development recently released its latest crypto project ranking with China’s own coin topping all other cryptos in the overall ranking. Shortly after that, interest in EOS surge as price increased up to 8%.

The Global Public Blockchain Technology Assessment Index (GPBTAI) which was released on December 20, 2018 is the 8th update and ranks 34 crypto projects. It listed EOS with a score of 156.1 points followed by Ethereum with an index of 156.1 points. The cryptos have been on the same spot since the previous report.

On third place is GXchain with an index of 117.5 replacing BitShares which now occupies the eight spot. The fourth spot is being shared by Komodo, Ontology, NULS, Nebulas, NEO and Steem. Bitcoin remains in the same spot at no. 18 with an index of 96.1.

The report also said that there are two outstanding features of the index. One is the fact that public blockchains with high performance and support for general application development are generally ranked high. Four of the public chains in the top 10 used graphene architecture, six public chains adopted the dPOS concensus mechanism, and seven public chains support Dapp development. The second feature is the fact that “new generation” public chain has outstanding achievements. Four of the top 10 chains are newly launched on the main network this year.

As previously mentioned, the report assessed 34 crypto projects overall. All were evaluated based on 3 categories – basic technology, applicability and innovation.

EOS, BitShares, Steem, Gxchain and Ontology, a new player debuting in this 8th report share the top spot based on basic technology. On the other hand, Ethereum, NEO, Ontology, Nebulas and Qtum tops the list in terms of applicability. Finally, in terms of innovation, BTC, EOS, Ethereum, Komodo, and Cardano top the list.

Did the ranking really cause the spike in the value of EOS? Share your thoughts in the comment.

About Arnold Zafra

Arnold Zafra is a freelance tech blogger from the Philippines who is enthusiastic about cryptocurrency, decentralised apps and other emerging developments in the tech industry.