EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

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August 20, 2018 by
EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

Unusual, yet real. The China Centre for Information Industry Advancement (CCID) has actually launched its 4th ‘Crypto job positions’, where the top 3 positions have been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th setting.

CCID started the ranking process in May, where it placed an overall of 28 cryptocurrencies. Throughout the adhering to 3 months, it added 2, one and 2 coins respectively to the listing. The current position that it has actually released puts EOS as well as Ethereum in the leading 2 positions.

Nevertheless, the biggest shock is Komodo rising up to the 3rd placement from it’s previous ranking of 10. It is stated to be an enthusiastic task which allows independent blockchain designers to begin their own project as well as set up an ICO. Also, a decentralized exchange is on the cards of the job.

Ranking Technique
China Electronics News Agency, which is governed by CCID, states that the ranking are supplied based upon “A detailed investigation as well as examination of the general public chain from 3 aspects; standard modern technology, application and innovation”.

Nevertheless, the positions do rule out the financial viewpoint, that includes the coin rate, market capitalization as well as the trading volumes, which justifies why Bitcoin is not in the leading placement.

In addition to these, Nebulas is rated 4th, NEO at 5th and Stellar at Sixth. Surprisingly sufficient, several of the leading coins by market cap, such as Surge, Bitcoin cash money as well as Litecoin, do not showcase in the leading 10 of CCID’s rankings.

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