The Center for Information and Industry Development (CCID) has released the eleventh update of its 2019 China crypto rankings on Friday. Where is your favorite coin placed in this evaluation?
March 25, 2019, | AtoZ Markets - China's Center for Information and Industry Development (CCID), under the Ministry of Industry and Information Technology (MIIT), has released the eleventh update of its 2019 China crypto rankings on Friday.
Bitcoin downgraded in 2019 China crypto rankings
Following the update, the top three digital currencies rated the best on the list compromised of the EOS, Tron (TRX), and Ethereum (ETH). Meanwhile, Bitcoin (BTC) has been downgraded slightly to the 15th position. CCID have explained that;
“The results show that the world’s three major Dapp platforms — EOS, Tron, [and] Ethereum — still rank in the top three, [and] the scores are 155.7, 146.7 and 142.8, respectively."
Tron debuted last in February, replacing Ethereum as the second highest ranked project. EOS has been in the top spot since it started being ranked in June 2018.
Earlier in February, BTC was ranked at 13th position, which was an improvement of two spots over January's rankings. However, the popular crypto coin appeared unable to hold on to that as it has slipped back. Meanwhile, Bitcoin Cash (BCH) also fell slightly from the 27th spot to the 31st spot.
CCID crypto projects evaluated in 3 sub-rankings
The latest 2019 China crypto rankings are in and it is a clear indication that the Chinese government is optimistic about platforms that offer support for the creation of decentralization applications. The newly published ratings have smart contract platforms like Tron and EOS.
This month of March, CCID evaluated a total of 35 different cryptocurrency projects in the digital asset space on the basis of three components – basic technology, applicability, and creativity.
The top projects that scored highly in the basic tech department are EOS, Tron, Bitshares, Stem, and Gxchain. As per the translation taken from Bitcoin.com, the CCID mentioned Ethereum and its recent Constantinople upgrade. They pointed out that:
"Since the Constantinople upgrade, the efficiency of the Ethereum network has improved, and the Ethereum basic technology index has also risen from the 9th [place] to the 6th. However, it found that on average “the basic technology index has slightly decreased from the previous period.”
Moreover, regarding applicability, the sub-index accounts for 20 percent of the total score for crypto projects. The CCID further highlighted that this score was based on “the comprehensive level of public chain support for practical applications.”
The top five projects of CCID are: Ethereum, NEO, Tron, Nebulas, and Ontology. Unlike the basic technology category, the center has stated that on average “the applicability index has increased from the previous period.”
Finally, CCID evaluated digital assets by their creativity. The sub-index accounts for 16 percent of the total index. The CCID explained this part of the rating system focusses on “continuous innovation in the public chain”. The five projects deemed to be the most important in this regard are Bytecoin, Ethereum, EOS, Litecoin, and Lisk.
Obviously, the CCID researchers behind the latest 2019 China crypto rankings update are less enamored with straight-up digital currency offerings than they are with smart contract platforms.
What are your thoughts on CCID’s 2019 China crypto rankings? Let us know in the comments section below.