Chinese Govt-Backed CCID Keeps EOS As Top Blockchain, Followed by TRX and ETH
On June 18, the Chinese Center for Information and Industry Development (CCID) released its 18th crypto ranking. The institute, which operates under the Ministry of Industry and Information Technology, periodically releases crypto or blockchain rankings.
As is the norm, 37 widely used public blockchains were considered, and, this time, there were only minor changes from the previous rankings.
EOS was ranked first amassing 156.1 points while Tron came in second with 138.4 points, followed by Ethereum with 136.4 points.
The ranking considered various aspects ranging from basic tech, creativity as well applicability, and each factor was assigned respective points.
The methodology used to rate the platforms remains controversial as it has not been revealed to the public how the points are awarded. For example, the basic technology category comes with a decentralization component where EOS was awarded the highest points despite being downgraded by the Weiss Ratings due to its centralization tendencies last year.
Although Bitcoin, the leading crypto in the globe, moved from position 17 to 12, it is evident that CCID does not recognize its dominant position in the market. However, Bitcoin ranked high on innovations receiving 43 points.
Another cryptocurrency that did not receive too much love from the institute is XRP, which landed as the 14th ranked project.
The ranking exercise is conducted by Blockchain Research Institute that has been established by CCID. The evaluation exercise is conducted in cooperation with other organizations like the China Software Evaluation Center, which is a CCID think tank.
The center explained that the current results would enable it to offer quality technical consulting services to various government agencies, businesses, tech developers as well as research institutes. The CCID was set up to offer professional services to the Chinese government consisting of research, consulting, evaluation, certification, research, and development, says its website.
The institute updates its ranking every two months, and this was its 18th update.