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  • New Crypto Rankings Lift Bitcoin, EOS, Tron and Ethereum – Diss Litecoin, XRP, Bitcoin Cash and Cardano

New Crypto Rankings Lift Bitcoin, EOS, Tron and Ethereum – Diss Litecoin, XRP, Bitcoin Cash and Cardano

May 29, 2019

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China’s Center for Information and Industry Development (CCID) has released its latest rankings of 35 crypto projects.

The agency, which operates under China’s Ministry of Industry and Information Technology, ranks 35 well-known public chains based on evaluations of three main aspects: basic technology, application and innovation.

Bitcoin, which ranked 15th on their March list, is now in the 12th spot, an improvement the agency attributes to the release of the 0.18.0 version of Bitcoin Core. Bitcoin scored higher than any other coin in the creativity evaluation but had only middling scores in the “basic tech” and “applicability” sections.

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Smart contract platforms EOS, TRON and Ethereum top the list in the first, second and third places – the same spots they occupied in CCID’s March index. They all scored highly on the tech section, which accounts for 64% of the total index, according to CCID.

The list shuns a number of coins in the top 10 by market cap, including XRP, Litecoin, Bitcoin Cash and Cardano.

According to a translated press release from the agency,

“The basic technology mainly assesses the level of technical realization of the public chain. The main points of investigation include the function, performance, safety and decentralization of the public chain.”

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Siacoin, a decentralized cloud storage platform, jumped up 17 spots on the overall index after completing a major upgrade of their network. 

The center says that from now on, the rankings will be adjusted every two months instead of monthly.

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