The country of China is in the latest cryptocurrency news for updating the national cryptocurrency rankings on May 23. The newly updated China crypto rankings show that EOS is retaining the top spot while Bitcoin is moving up three places, sitting stable at the 12th spot.
We are talking about the country’s cryptocurrency index which is sponsored by the government, assessing each blockchain on three criteria including:
- Technology
- Application and
- Innovation
As such, the China crypto rankings show EOS at the first place, followed by TRON (TRX) on the second, Ether (ETH) on the third, Steem (STEEM) on the fourth and Ontology (ONT) on the fifth spot, accordingly.
Despite the dominance in the cryptocurrency industry, Bitcoin was on the 12th place. Even though it scored well for creativity, it placed behind EOS in the score for basic technology. As the China crypto rankings read:
“[…] The world’s three major Dapp platforms EOS, wave field, Ethereum remain ranked in the top three, the scores are 148.5, 144.1 and 136.6, respectively, the first camp comprehensive index score leading. Ranked 4th to 14th are the Stem chain, the ontology, the application chain, the bit stock, the NEO, the public trust chain, the nebula chain, the star chain, the bitcoin, the Waves and the Ark. The composite index is above 100 points. Among them, the bitcoin composite score is 101.7, ranking 12th among all 35 evaluation public chains, up 3 places from the previous period.”
The Chinese cryptocurrency rankings were released by the Center for Information and Industry Development in collaboration with the Ministry for Industry and Information Technology in China. They were soon picked up by many best cryptocurrency news sites.
What’s interesting is the fact that despite its dominance, Bitcoin sits at the 12th place in the China crypto rankings. Even though it scores well for creativity, it is still well behind EOS in the score for basic technology.
This is the 12th assessment in the results so far, and the updates are now being made every two months. As the coming altcoin news show, EOS has held the top spot since June 2018 while Tron has managed to stay at the second place since February this year.
The China crypto rankings show that Chinese businesses have been exploring blockchain with great interest.
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