China’s Blockchain Ranking for the month of August has been released, displays EOS to be on the top of the list, ethereum on the 2nd, Bitcoin on the 10th Position.
The rankings wasn’t just arrived at, different prominent groups, companies and personnel came together to arrive at this answer, which includes: China Electronic Information Industry Development Research Institute and the China Software Testing Center, featured the contributions of professors and researchers at the country’s most prestigious educational institutions including Tsinghua and Beijing University.
As of last month, it was reported that EOS still took the lead in the Chinese blockchain ranking, beating the almighty bitcoin and ethereum for the second time now, CCID and CSTC, two institutions funded by the Chinese government, conducted the research.
In the newly released ranking for this month, coins like Komodo, Nebulas, NEO, Stellar, Lisk, GXChain, and Steem were all placed in a higher position before Bitcoin. However, the parties involved in the ranking process still acknowledged the fact that bitcoin is the first blockchain network to have ever being in existence, therefore was awarded the highest points in the category of innovation.
Two months back, Bitcoin was ranked on the seventeenth position by CCID, so it can be said that the currency is gradually rising through the ranking on the Chinese blockchain ranking.
If you look closely on the “featured image”, you would discover that most of the projects that dominated the 1st nine on the list, are Smart contract protocols and blockchain networks designed to support decentralized applications (dApps), this is because the institution uses technology and application as the main criteria for the ranking process.
In the crypto industry today, we all know how influential the Chinese sector maybe when it comes to matter like this. Only time will tell if these ranking by the Chinese institutes will be applicable, globally.