Home / Blockchain / Komodo (KMD) rises to 18% after the high ranking of Chinese government blockchain

Komodo (KMD) rises to 18% after the high ranking of Chinese government blockchain

Komodo (KMD), the multi-block blockchain project previously covered by Hacked, 18% reached Thursday morning's limit. The price hike upsets the general market trend, which remains dormant from a short wave on Christmas Eve, and comes in a week when Komodo was given a very high score by the Chinese government in its blockchain technology rating index.

Chinese Gov territories blockchains

The rankings of the blockchain evaluation indexes of the Chinese Center for the Development of Information and Industry (CCID) have become a fixture in the cryptographic space of the last year. The rankings are updated on a monthly basis based on the new data (more information on how this data is used below).

The December rankings place Komodo on the fourth along with Ontology (ONT) – four places higher than his rankings in September, but a place lower than his rankings for the month of August. The China-based blockchain project, EOS, has maintained its number one position throughout that time.


Projects are classified according to three criteria: technology, application and innovation. According to this week's press release:

"The core technology mainly examines the level of technical implementation of the public chain, including function, performance, security and decentralization."

As you can see, STEEM gets a high score on technological evaluation, probably due to its "technical realization". After all, the Steemit social media platform has been up and running since 2016 and has already exceeded one million users.

However, this does not take into account the surrounding factors, such as the fact that Steemit has recently fired a huge number of employees; or that the jury is still out if the site is actually a gigantic scheme of ponzi.


Regarding the "application" part of the classifications:

"Applicability it primarily evaluates the full support level of the public chain for practical applications, including node distribution, wallet application, support for development and implementation of the application. "

It is here that Ethereum devours the field of play with the highest applicability score, probably due to the constant portfolio demand and development support from its horde of ERC-20 projects. The two blockchains closest to Ethereum in this regard are Ontology and NEO.


The innovative part of the evaluation is described as follows:

"Innovation focuses on continuous innovation in the public chain, including developer size, code updates and code impact."

Here Bitcoin has the highest score, followed closely by EOS which is in first place overall. Perhaps notable for his absence is TRON (TRX), which given his whirlwind of record-breaking activity in recent months could have expected to do so on the list.

Price of Komodo – KMD / USD

Komodo went from a price of coins of $ 0.657361 to $ 0.775258 on the day of trading that preceded Thursday, December 27 – an increase of 18%.

In an unusual example of BTC's commercial dominance, over 90% of the share comes from the KMD / BTC pair, with Binance and Bittrex hosting the most liquid markets.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.

Featured image courtesy of Shutterstock.

Source link