• Sat, 24 Aug 2019, 08:12 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

EOS retains top spot, Bitcoin climbs to 12th in China's latest cryptocurrency rankings

Wed, 29 May 2019, 03:36 am UTC

EOS has retained the top position in the latest update of China’s cryptocurrency ranking released on May 23, with Bitcoin climbing up to the 12th place.

Although EOS managed to hold its top position since June 2018, its decentralized application (DApp) competitor TRON is not far behind at the second place. Ethereum, STEEM, and Ontology comprise the top five.

Despite being an industry leader in both market dominance and capitalization, Bitcoin landed on the 12th spot, three places higher from March 2019. However, it bagged the highest score in creativity, which focuses on continuous innovation in the public chain including developer size, code updates, and code impact.

While bitcoin was lacking in basic technology, EOS excelled in this area the most. Basic technology looks into the function, performance, safety, and decentralization of the public chain.

Applicability evaluates four key areas, namely, node deployment, wallet application, development support, and application implementation, and Ethereum got the highest score.

The government-sponsored index periodically released by China claims to appraise 35 public blockchains based on technology, application, and innovation. The rankings were released by the Center for Information and Industry Development (CCID) Research Institute in coordination with China’s Ministry for Industry and Information Technology.

This is the 12th assessment released by China, and updates are usually made once every two months.

As previously reported, EOS blockchain maker Block.one is eyeing a buyback of its stocks, with plans to return as much as 6,576% to its earliest investors in less than 3 years. The planned 10% buyback values the company at around $2.3 billion, up from just around $40 million valuation in the 2017 seed round.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,119.20 (-2.73%)
  • Ethereum (ETH) $190.02 (-2.08%)
  • XRP (XRP) $0.273000 (-1.05%)
  • Bitcoin Cash (BCH) $307.03 (-1.86%)
  • Litecoin (LTC) $73.34 (-2.33%)
  • Bitcoin (BTC) $10,119.20 (-2.73%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft