China’s CCID Shares New Top 35 Crypto Project Ratings; BTC Goes #12, EOS Stays #1, TRX #2, ETH #3
The Chinese Center for Information and Industry Development (CCID) has recently released the latest ranking of 35 different crypto projects that have been evaluated in the last two months. Although there are several digital currencies that haven’t change their position, Bitcoin has experienced positive growth.
Bitcoin Climbs Some Positions
In order to have a better idea about how digital currencies work and which are the most interesting projects in the market, China is releasing monthly rankings of 35 digital assets in which they take into account basic technology, applicability, creativity and more. The last time the CCID published this ranking was in March.
In this new report, there are some things to take into account. They will now be releasing the ranking on a bi-monthly basis. This is will allow analysts to see larger changes among different digital assets. They will also have more time to understand whether there are changes that take longer time to be analyzed.
Moreover, Bitcoin was able to grow three places compared to the previous ranking. Meanwhile, EOS, Tron (TRX) and Ethereum (ETH) were the three winners with 148.5, 144.1 and 136.6 points each respectively. Meanwhile, Bitcoin Cash (BCH) has also improved and reached the 29th position from the 31st.
This report, as well as the previous ones, shows that dApp platforms such as Ethereum, Tron, and EOS, are ranked higher than digital currencies created for transfers such as Bitcoin or Litecoin (LTC).
The CCID is a research institution that is under the administration of the Ministry of Industry and Information Technology of China. The result of the assessment released by the CCID will allow the institution to provide better and more complete consulting services for government agencies, business, companies, enterprises and more.
The ranking is created based on three sub-indices, the basic technology index, the applicability index, and the creativity index. The first of these indices account for 64% of the total result. The second and the third account for 20% and 16% respectively.
As the report explains, the basic technology sub-index assesses the level of technical realization of the public chain. That includes performance, safety, function and also decentralization. The most important products include EOS, Tron, Steem, Bitshares and also Gxchain.
The second sub-index related to applicability takes into account the innovation related to the public chain and code impact, among other things. Moreover, the creativity sub-index assesses the node deployment, the wallet app, app implementation and more.