EOS has topped the list of China’s most respected cryptocurrencies despite facing controversy over centralization.
China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 18th while awarding the top spot to domestic blockchain platform EOS (EOS). The rankings were released in a press release on Dec. 21.
China’s Center for Information and Industry Development (CCID) under the Country’s Ministry of Industry and Information Technology creates the rankings, which first appeared in May this year.
Now listing a total of 34 top cryptocurrencies by market cap on the premise of “basic tech,” “applicability” and “creativity,” the results have frequently courted controversy, especially with regard to Bitcoin’s consistently average ranking.
EOS began ranking top in June. Completing its eighth issue, the CCID maintained EOS’ pole position, with Ethereum (ETH) coming in second.
A Chinese domestic project also took third place in the form of data economy startup GXchain.
“Public blockchains with high performance and support for general application development are generally ranked high,” the CCID wrote in accompanying comments, continuing:
“Among the top 10, four public chains adopted graphene architecture with better performance, six public chains use the dPOS consensus mechanism, and seven public chains support Dapp development.”
A visual breakdown of the data is currently circulating on social media.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.