Home / Cryptocurrency / New cryptocurrency ratings in China See the BTC While EAT postponement adjustment Retains the number one

New cryptocurrency ratings in China See the BTC While EAT postponement adjustment Retains the number one

China has released its latest rankings sponsored by the government of the major cryptocurrencies, placing Bitcoin (BTC) in 18 th while awarding the first place to the national EOC blockchain platform (EOS). The rankings were released in a press release on December 21st.

The Chinese Center for the Development of Information and Industry (CCID) under the Ministry of Industry and Information Technology of the Country creates the rankings, which appeared for the first time in May of this year.

Now listing a total of 34 best cryptocurrencies for market capitalization on the premise of "basic technology", "applicability" and "creativity", the results have often aroused controversy, especially as regards the average consistently ranking of Bitcoin.

EOS started to take first place in June. Completing its eighth number, the CCID maintained the pole position of EOS, with Ethereum (ETH) in second place.

A Chinese domestic project also took third place in the form of GXchain, the data economy company.

"Public blockchains with high performance and general application development support are generally ranked at the top," wrote the CCID in the accompanying comments, continuing:

"Among the top 10, four public chains have adopted a graphene architecture with better performance, six public chains use the dPOS consensus mechanism and seven public chains support Dapp's development."

A visual break down data is currently circulating on social media.

In recent months EOS has faced controversy, critics have targeted its apparent lack of decentralization and the ability to reverse transactions between areas of interest.

The rankings in the meantime awarded the seventh place to BitShares (BTS), a project that shares the same creator of EOS, Daniel Larimer.

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