EOS Maintains Top Spot in Latest China Blockchain Index Ranking
EOS has retained its top spot in the latest ranking of public blockchain projects released by the Chinese government. This latest ranking is the fourth since the index debuted at the end of May 2018.
The rankings, developed by the China Electronic Information Industry Development Research Institute as well as the China Software Testing Center aims to create a scientific assessment of global public blockchain projects.
EOS Completes the Hattrick
For the third month in a row, EOS has maintained its number one spot atop the ranking. The delegated proof-of-stake (DPoS) blockchain project edged out Ethereum after the first rankings were released to gain the top spot since June 2018. Apart from topping the charts, EOS also occupied the top place in Technology index.
EOS has endured many controversies since its mainnet launch earlier in the year. The project had issues with bugs, centralization concerns, as well as disagreement over the project’s constitution. Block producers (BPs) were accused of holding far too much power in the network. Recently, the project released the updated EOSIO version 1.2.0 which boasts upgrades like MongoDB enhancements.
Ethereum Stays Second
Like EOS, Ethereum’s position remains unchanged from the July’s rating result. Despite being second on the ranking, Ethereum has the highest score in the Applicability index. ETH narrowly edged out NEO for the top spot in that category by a difference of 0.1.
Elsewhere, Bitcoin managed to move higher up in the ranking, jumping from 16th position to the 10th position. Despite being down in 9th position, Bitcoin has the highest Applicability index score of 40.3 with EOS and Ethereum occupying second and third in that regard. According to the conveners of the ranking, Bitcoin has the least developed technology which is it has the lowest score of 46.0 in the Technology index.
August’s rankings included two new projects – Tezos and NULS. Tezos, like EOS, has been beset by numerous issues ever since its eye-catching ICO in 2017. The project debuts in the 28th position with a total weighted score of 81.2. NULS, on the other hand, debuted at 21st position with a rating of 88.2
What do you make of the Chinese index ranking – important or a load of garbage? Keep the conversation going in the comment section below.