Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31.


Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. 

CCID: BITCOIN NOT A TOP 10 CRYPTOCURRENCY 
According to the latest instalment of the rankings, which the CCID Research Institute of the Ministry of Industry and Information Technology of China publishes regularly, Bitcoin came in 11th place. 
The CCID began issuing periodic rankings of major cryptocurrencies in 2018, and currently includes 37 tokens in its evaluations. 
Each scores points in three categories: ‘basic tech,’ ‘applicability’ and ‘creativity,’ to obtain an overall ‘total index’ value. 
The results have sparked controversy from the outset, as the CCID appeared to favour Chinese Blockchain projects over decentralized alternatives – including the ‘original’ cryptocurrency, Bitcoin. 
Wednesday’s indices were no different, with the top spot going to domestic platform EOS, which scored a total of 153.1 points. Bitcoin, by comparison, scored 103. 

Second place belonged to Ethereum, the largest altcoin by market cap, which achieved a total index score of 148.6. The other three spaces in the top five went to Tron, NULS and GXchain. 
Tron scored third highest despite the ongoing drama surrounding its creator, Justin Sun, who reports claim is under investigation by authorities over his business practises. 

By: bittomine | 2019-07-31 20:26:40 | Categories: crypto, news, blockchain