Home / Cryptocurrency / The second round of China’s state-backed monthly ratings of cryptocurrencies

The second round of China’s state-backed monthly ratings of cryptocurrencies

On 21st June the blockchain project has been released, and the second round of China’s state-backed monthly ratings of cryptocurrencies.

On 20th June the “Global Public Chain Technology Evaluation Index,” announced the latest round at the Shanghai Science Hall on 20th June, and out of a total 30 proved cryptocurrencies, EOS ranked 1st, Ethereum (ETH) 2nd, and Bitcoin(BTC) 17th.

According to the original Index press release China’s monthly “Global Public Chain Technology Evaluation Index” announced that the China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology, and it is to assemble by “first-rate domestic experts and scholars.”

“Outstanding technical advantages in transaction confirmation efficiency, network o throughput, and transaction costs” the EOS’ top ranking at imputing of the protocol.

On 15th June, the EOS Maine’s is going live in recent mishaps while the network has faced technical issues, and criticism for freezing some accounts – the evaluation nonetheless judges the project to be “highly active in technological innovation,” a “new generation public blockchain” that is “currently most regarded by the industry’’.

It was firstly announced in May to make restitution for what the Chinese government considers to be the “lack of completely independent assessment” for crypto and blockchain projects and where else the Index has been portrayed as a monthly “independent analysis,” which evaluates global blockchain projects on the basis of their technological capability, usefulness.

Even the China is pursuing a severe line against cryptocurrencies and Initial Coin Offerings (ICO), it has been putting its weight behind blockchain technology.
In blockchain “the confidence of the Chinese government”, CCID said that it may demonstrate the new monthly index and will guide for the country’s technological vanguard.

Till the end of 2019, the blockchain standards will result in the formation of a special committee dedicated to cementing “nationwide” and last month it Ministry an initiative backed by the countries.

The new generation technologies that are explicit “Breakthroughs” in “reconstructing the global innovation map and reshaping the global economic structure’’ as an example of a “new generation” in “reconstructing the global innovation map and reshaping the global economic structure.”



About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates:

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