Economic News

Bitcoin doesn’t even make the top 15 as China designates EOS as the world’s best cryptocurrency

On June 25, China’s Center for Information Industry Development (CIID) published a list of what they see are the top cryptocurrencies.  And astoundingly this organization with ties to the Chinese government named EOS as the world’s best cryptocurrency, while at the same time demoting Bitcoin to number 17 on the list.

China’s Center for Information Industry Development (CCID) has published the second edition of its Global Public Chain Technology Evaluation Index. The publication, which evaluated 30 cryptocurrencies, concluded that EOS is the top cryptocurrency based on technology, application and innovation. 

EOS received the top ranking due to its “outstanding technical advantages in transaction confirmation efficiency, network throughput, and transaction costs,” the report said.
The report gave the nos. 2 and 3 spots to Ethereum and NEO, respectively. Ethereum was the top-ranked cryptocurrency when the first version of the report circulated back in May. 

The top-15 projects are ranked in order below: 

  1. EOS
  1. Ethereum
  1. NEO
  1. Stellar
  1. Lisk
  1. Nebulas
  1. Steem
  1. BitShares
  1. Ripple
  1. Qtum
  1. Waves
  1. Cardano
  1. Monero
  1. Ark
  1. Ethereum Classic

Bitocoin, the first and largest cryptocurrency by market cap, was ranked all the way down at no. 17. Komodo, which was ranked no. 5 in the first version of the scorecard, dropped to 16. – Hacked

EOS is a blockchain platform with its own cryptocurrency that uses the security and decentralization inherent with Bitcoin and couples it with the transactional efficiency of Ethereum to build a system for Smart Contracts. 

Source: thedailyeconomist.com

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