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

Surprising, yet true. The China Centre for Info Industry Development (CCID) has released its 4th ‘Crypto task rankings’, where the top 3 positions have been taken by EOS, Ethereum and also Komodo. Bitcoin is at the 10th position.

CCID started the ranking procedure in May, where it placed an overall of 28 cryptocurrencies. Throughout the following 3 months, it included 2, one and two coins specifically to the listing. The most up to date position that it has actually launched places EOS and Ethereum in the top 2 positions.

However, the most significant shock is Komodo rising to the Third position from it’s previous ranking of 10. It is claimed to be an enthusiastic job which permits independent blockchain programmers to start their own project and installed an ICO. Additionally, a decentralized exchange gets on the cards of the project.

Ranking Technique
China Electronic Devices News Agency, which is controlled by CCID, states that the position are offered based on “A thorough investigation and evaluation of the general public chain from 3 facets; standard innovation, application and advancement”.

Nevertheless, the positions do not consider the monetary viewpoint, that includes the coin rate, market capitalization as well as the trading quantities, which validates why Bitcoin is not in the top setting.

Aside from these, Nebulas is ranked 4th, NEO at 5th and also Excellent at Sixth. Surprisingly sufficient, some of the leading coins by market cap, such as Surge, Bitcoin cash money and Litecoin, do not showcase in the leading 10 of CCID’s positions.

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