EOS Remains No. 1 Cryptocurrency in China

EOS is again named as the world’s top cryptocurrency rank released by the Chinese government. The ranking was compiled looking at the market capitalization as its major yardstick.

China’s Center for Information Industry (CCID) publishes the third edition of its Global Publick chain evaluation index with this ranking. However, the index ranks cryptocurrency based on their technology, innovation, and application. A total of 28 coins assessment was done by a process “first-rate domestic experts and scholars”.

The publication revealed that EOS has topped the ranking consecutively, while Bitcoin jumped seven spots compared with its rank in June. However, the performance of EOS links to its scalability solutions. In comparison with leading cryptocurrency, the EOS’s platform has the capability of performing a considerable high number of transactions.

On the list, Ethereum retained its position as the second best cryptocurrency, while Neo dropped out of the top three. However, NEO position on the previous list was surprisingly taken by Komodo which as of June was not in the top-15.

From the publication, the top ten cryptocurrencies are:

  • EOS
  • Ethereum
  • Komodo
  • Nebulas
  • NEO
  • Stellar
  • Lisk
  • GXChain
  • SteemBitcoin

The Spotlight is on EOS

According to the reports of May, Ethereum was the highest ranking cryptocurrency. EOS rise to dominance on the list continued even though the platform had some hiccups since its main net launch two weeks ago. ESO’s main net stopped on the 17th of June after a bug linked to the NodeOS issue was discovered. However, this has led to much scrutiny by experts.

The platform’s developer continuously assures experts,  analysts and its investors that they can fix any potential bugs that might come without risking its investor’s funds. Still, the EOS remains in public scrutiny as many experts remain unconvinced.

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Ifeanyi Egede is an experienced and versatile blockchain/crypto writer and researcher on with tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids. Learn more about how Ifeanyi Egede could be of help to your business.

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