With cryptocurrencies being back to seeing major gains once more, China has decided to publish another list of new crypto rankings. The country’s Center for Information and Industry Development released a list of top 35 projects, which it evaluated in the last two months. The top coins are still mostly the same as before, but Bitcoin is going noticeably up the country’s list. But, even so, the largest cryptocurrency is still not good enough to make to the top 10.
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This marks the CCID’s 12th update of crypto rankings, with the previous one coming out back in March. Also, from now on, the center plans to publish new lists per every two months. The list includes overall rankings but is also impacted by the projects’ applicability, technology, as well as creativity.
As usual, EOS scored the best, sitting at the very top of the list. The coin that follows is TRON, and Ethereum sits at the 3rd spot. As many might remember, TRON only started making the rankings back in February of this year, and it held the second place ever since. Meanwhile, Bitcoin used to be on the 15th spot, but it now climbed up to the 12th position.
The improvement can also be seen in regards to Bitcoin Cash, which used to be on the 31st spot, and now occupies the 29th place.
Considering that the CCID placed three of the world’s largest dApp and smart contract development platforms at the top, it is clear what China values most. Meanwhile, the center believes itself to be a first-class scientific research institution, with its first ranking published about a year ago, in May 2018.
The coins are being assessed by the CCID blockchain research institute, which collaborates with a number of organizations, including the China Software Evaluation Center, and CCID’s own think tank. The goal is to improve the CCID group’s technical consulting services, which are often used by researchers, businesses, government agencies, tech developers, and others.
Top rankings per sub-index
As mentioned, the overall ranking includes 35 crypto projects that are estimated to be at the top. However, each coin’s total index is a combination of three sub-categories, including basic technology index, creativity index, and applicability index. The basic technology index is the most impacting one, and it accounts for 64% of the overall index. Meanwhile, creativity index only accounts for 16% of the total score, while applicability index accounts for 20%.
When it comes to basic technology, it focuses on the tech realization of each individual coin’s public chain, including the performance, chain’s decentralization, security, as well as its very function. This is where EOS, TRON, Steem, Bitshares, and Gxchain scored the highest.
Then, there is the creativity sub-index, which assesses the innovation of the chain, such as code updates, the code impact, developer size, and alike. This time, Bitcoin is among the highest ranking projects, but also Ethereum, Lisk, as well as EOS and TRON. Finally, there is the applicability index, which focuses on the comprehensiveness of the chains’ support for practical applications. This is further divided into four different aspects that are being investigated, including node deployment, development support, application implementation, and wallet application.
Unsurprisingly, Ethereum scores the highest in this regard, followed by NEO, Nebulas, TRON, and Ontology. This is pretty much identical to what the previous ranking had reported, although, it was noticed that 11 out of the 35 assessed chains had seen an increase in applicability. Even so, the overall index has mostly declined, when compared to previous rankings.