China Revises Crypto Ranking — BTC Upgraded

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China Revises Crypto Ranking — BTC Upgraded

China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

China’s Crypto Ranking Update

China Revises Crypto Ranking — BTC UpgradedChina’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, released its revised crypto project ranking last week. This is the center’s seventh update. The number of crypto projects evaluated remains at 33, unchanged from the previous ranking.

EOS continues to occupy the top position of the overall ranking, followed by Ethereum. The two projects have been in the same spots since the center’s June update. This month, the center upgraded BTC from the 19th place in the previous month to the 13th place. BCH, which endured a contentious hard fork on Nov. 15, dropped one position to the 29th place. Decred sank to the bottom of the list with NEM trailing close by. In the previous ranking, NEM was at the bottom of the list.

China Revises Crypto Ranking — BTC Upgraded

Thirty-three crypto projects were ranked based on their basic technology, applicability, and creativity, as well as overall. In the creativity category, BTC tops the list. EOS claims the number one spot in the basic technology category while Ethereum ranks first in the applicability category.

Evaluation Model and Future Plans

China Revises Crypto Ranking — BTC UpgradedThe CCID explained that its evaluation model is continuously optimized based on the recommendations of the project’s working group and expert consultants. The rankings are organized and implemented by the CCID Blockchain Research Institute and a number of organizations such as the CCID Think Tank, under China Electronics and Information Industry Development Institute, and China Software Testing Center.

The evaluation model adheres to three key principles, the center described. Firstly, “the indicators should be adapted to all evaluated objects, not just some.” Secondly, “the proposed indicators should be related to technological innovation in public chains.” Lastly, “the measurement or evaluation of the indicators can be implemented.”

Unveiling its future projects, the center detailed:

CCID Blockchain Research Institute will also launch an in-depth evaluation report and application development report for public chains … We will also launch an advisory service and report on public chain technology assessment.

What do you think of China’s updated ranking? Let us know in the comments section below.

Images courtesy of Shutterstock and CCID.

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Original Article – Bitcoin.com

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