In the second run of the China-based ratings that involve both crypto and blockchain endeavors, many interesting facts about the crypto world have been revealed on June 21st. This platform has been called the “Global Public Chain Technology Evaluation Index,” and the most recent round exposed EOS as the top cryptocurrency. Following shortly behind is Ethereum at second. However, Bitcoin falls way below at 17th.
This Index is the responsibility of the China Center for Information Industry Development (CCID) from the Ministry of Industry and Information Technology. According to the press release for the Index, these statistics are established by experts and scholars in the domestic trade. The ranking is based on the advantages that different platforms have in the efficiency, network performance, and the cost of each transactions.
Despite the recent failures of EOS’s network release with technical problems and account locks, the evaluation by the Index reveals that their technology is impressively innovative. In fact, the Index called it a “new generation public blockchain,” which seems to be the main reason for their reputation in the industry.
The analyses occur monthly to keep consumers in the loop about the technology and performance of global blockchain projects. It only began to track this information in May, so consumers will have to wait and see if their efforts continue. The pull to create this report was urged by the government, since they believe that t he crypto industry has no independent assessment that can reveal how all of the industry is performing as a whole.
In a report by Cointelegraph this month, China has continued to support blockchain technology, though they have put up major barriers between themselves and cryptocurrencies. However, China’s evaluations are simply a way to further support the idea that blockchain technology will be here to stay and will help the Chinese government determine the best option.
The most recent example of the blockchain thriving has actually been the result of actions by the Chinese president. President Xi Jingping recently named blockchain part of the “new generation” of technology that is helping to change the entire globe.