Tron and Eos Get New Crypto Ranking from China

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The 11th update report on crypto projects ranking arrived on Friday which was released by the Center for Information and Industry Development (CCID) under China’s Ministry and Information Technology. The latest ranking report shows that EOS, Tron and Ethereum continues to be ranking in top three with scores like 155.7, 146.7 and 142.8 respectively but Bitcoin has been ranked much lower. China shows a great amount of optimism towards Tron and EOS whereas Bitcoin suffers at the lower rank.

This year a total number of 35 crypto projects were evaluated and Tron turns out to be the only addition since the last evaluation. Tron replaced Ethereum making it the second highest ranked project. Since last year in June, EOS remains its position at the top spot. BTC loses two positions ending up in ranking 15th, BCH got down to 31st spot from 27th.

The 35 crypto projects got evaluated based on three major sub categories:

  • Basic technology
  • Applicability
  • Creativity

According to the center, a 64% of sub index is accounted of the total index in basic technology. The public chain that includes function, performance, and decentralization are examined in a technical realization level by this category. China favours EOS, Tron, Bitshares, Steem and Gxchain. However, it was observed and then pointed out by the CCID that with Constantinople getting upgraded, Ethereum network is seen being improved in the efficiency.

The applicability has a sub index accounts for 20% of the total index. This category only tends to evaluate the public chain support in a comprehensive level. The evaluation is done only for the use of practical applications. Ethereum, NEO, Nebulas, Tron and Ontology are ranked as the top five projects.

In the creativity the sub index is account for 16% of the total index amount. Here, the category takes interest on the continuous innovation that has been seen in the public chain. The CCID also mentioned that the innovation sub indices of Litecoin, Bytecoin, EOS, Nebulas and Hcash have grown a lot since the previous period. Here, the top five projects include Bitcoin, Ethereum, EOS, Litecoin and Lisk.

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