China's latest positioning has placed Stellar (XLM) and Lisk (LSK) ahead of Bitcoin (BTC). The ranking that was specifically invented for blockchain technology based on their applicability is a creation of the China Electronic Information Industry Development Research Institute (CCID) and the China Software Testing Center (CSTC).
Renowned researchers and professors from Tsinghua and Beijing University contribute to the success of the ranking. The last ranking, for August, ranked EOS as the first cryptocurrency followed by Ethereum, but surprisingly put the bitcoin in position ten.
In the rankings, Komodo, Nebulas, NEO, Stellar, Lisk, GXChain and Steem positioned themselves ahead of the all-powerful Bitcoin because they have reliability and reliable technology that surpasses the BTC. However, in areas of innovation, Bitcoin has received credibility because of its long experience.
CCID gives credit to intelligent contract protocols and blockchain networks that support Decentralized Applications (DApps) because the institution's criteria are centered on technology and application.
With 104.3, EOS received the highest point in the technology category. Analysts say this could be due to the stake test consent algorithm (PoS) with the potential to process a large number of transactions in a short time. This makes EOS better than Ethereum and Bitcoin in the face of CCID and CSTC. It is noteworthy that Ethereum came second in the ranking
Stellar XLM can be quoted on Coinbase ahead of schedule
Stellar, which was classified before Bitcoin, was observed by Coinbase. The currency may be listed before other major cryptocurrencies because of its use cases and the desire to solve society's problems in our society, especially those dealing with cross-border repatriation. It is believed that this currency can be listed before Ripple (XRP), which many believe merits a space on Coinbase compared to digital currencies such as Bitcoin Cash and Ethereum Classic that have recently been breached.
Crypto Adoption Is Key
The cryptocurrency market has been skydiving in recent times. However, there is hope that with more cases of use and mass adoption, crypto will increase and remain standing while devaluing fiat currency. When cryptocurrency becomes what small-scale shops require, the price of Bitcoin will travel to the moon.