The third round of blockchain rankings has been released by the Chinese government. Yet again, China ranks EOS number one.
The rankings, released by the government-backed China Electronic Information Industry Development (CCID), evaluate the public blockchain networks with three different metrics. The metrics include technology, applicability, and innovation.
CCID released its first set of rankings back on May 16th, where Ethereum was ranked the world’s top blockchain network.
4/ Detailed scores of the first crypto ratings by CCID Research, China’s Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge
— cnLedger [Not giving away ETH] (@cnLedger) May 17, 2018
As you can see from the first rankings, EOS wasn’t included at all. The second set of rankings were released back on June 21st, and EOS overtook Ethereum for the number one spot. Surprisingly, NEO, China’s version of Ethereum, has yet to make a number one appearance on the rankings.
NEO became fully backed by the Chinese government when the country started implementing all of its crypto regulations and its government firewall.
The second set of top 10 rankings were as follows:
China Ranks EOS Number One… Again
The new set of rankings released yesterday has left EOS and Ethereum in their same places. EOS is still at the top despite all of the complications the project faced when it launched its main net.
The evaluators must be impressed with EOS’ consensus algorithm, which uses a delegated proof-of-stake (DPoS) that prioritizes speed and scaling at the expense of some decentralization.
Ethereum, however, is currently still using a Proof-of-Work (PoW) consensus algorithm but has recently published a roadmap to transition to PoS.
The new list of CCID’s top 10 blockchain ratings are:
Featured Image: ilolab