Chinese Ministry releases new crypto rankings: EOS atop with Bitcoin ranked 18th

Chinese Ministries of Industry and Information Technology very own research institute CCID released the 8th rendition of its growingly popular public blockchain technology assessment index.
The center began ranking 28 crypto projects in May.

In this latest release of the CCID Index, EOS managed to retain the spot no.1 with board best 156 index points to it. As a reminder, CCID grades cryptocurrency projects in the areas of Basic Tech, Applicability and Innovation; admittedly, these all sound rather vague and the ratings are questionable at best, as some members of the community insinuate that there might be some favoritism involved in the grading process.

Still, the grades are out and EOS apparently has the best basic tech on the market, with 106.4 points in this bracket. Applicability scores are low across the board, with Ethereum’s 28.8 making it the most applicable cryptocurrency. Innovation scores aren’t that high either but interestingly enough Bitcoin runs away in this category with 36 points.

Overall, the top 10 looks like this: EOS (156.0), Ethereum (136.5), GXChain (117.4), Komodo (112.7), Ontology (112.6), NULS (112.2), Nebulas (111.4), BitShares (110.3), NEO (108.3), and Steem (107.0). The most popular cryptocurrency on the market, Bitcoin, sits on the 18th spot with 96 points.

The CCID explained that its assessment “mainly examines the basic technology, application and innovation of public chains,” adding:

The current model is basically the same as the previous one, and only some data accounting methods have been revised.

The basic technology category “mainly evaluates the technical realization level of the public chain, and examines the function, performance, safety and decentralization of the public chain,” the center described. This category accounts for 65 percent of the overall ranking.

The applicability category “mainly evaluates the comprehensive level of public chain support for practical applications, involving node deployment, wallet application, development support and application implementation,” the CCID explained. This category accounts for 20 percent of the overall ranking.

Creativity only carries a weight of 15 percent in the overall ranking. This category “focuses on the continuous innovation of the public chain, including developer size, code update and code impact,” the center detailed.

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Julian Joseph Lehmann
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