REPORT: China prefers TRON & EOS to Bitcoin

The Center for Information and Industry Development (CCID) under China’s Ministry of Industry and Information Technology, has released the 11th edition of report containing its crypto project ranking for March.

The project which was evaluated was done independently under three categories, which are;

Basic Technology,

Applicability, and

Creativity.

The number of crypto projects evaluated last month, remained the same, with no addition.

With the study, it can be deduced that crypto enthusiasts in Chinese prefer Tron and EOS over bitcoin.

According to the report, “The results show that the world’s three major Dapp platforms — EOS, Tron, [and] Ethereum — still rank in the top three, [and] the scores are 155.7, 146.7 and 142.8, respectively.”

Tron which was introduced last month has successfully displaced Ethereum from the second spot, while EOS has remained dominant in the top spot since, just as it was since it started being ranked in 2018.

However, in the latest report, BTC which was formerly ranked at 13th, fell to 15th. Even BCH was not left out, as it also fell from the 27th spot to the 31st spot.

The basic technology “sub-index accounts for 64% of the total index,” the center described, noting that this category “mainly examines the technical realization level of the public chain, including function, performance, security, and decentralization.”

The top projects are EOS, Tron, Bitshares, Steem, and Gxchain. “Since the Constantinople upgrade, the efficiency of the Ethereum network has improved, and the Ethereum basic technology index has also risen from the 9th [place] to the 6th,” the CCID pointed out. Nonetheless, it found that on average “the basic technology index has slightly decreased from the previous period.”

The applicability “sub-index accounts for 20% of the total index,” the CCID continued, adding that this category mainly evaluates “the comprehensive level of public chain support for practical applications.” The top five projects are Ethereum, NEO, Nebulas, Tron, and Ontology. Unlike the basic technology category, the center said that on average “the applicability index has increased from the previous period.”

The creativity “sub-index accounts for 16% of the total index,” and the top five projects are Bitcoin, Ethereum, EOS, Litecoin and Lisk. This category focuses on “continuous innovation in the public chain,” the CCID explained, adding that “The innovation sub-indices of Litecoin, Bytecoin, EOS, Nebulas and Hcash have increased significantly from the previous period.” However, the center concluded that overall “the average value of the innovation sub-index has declined to a certain extent compared with the previous period, indicating that the activity of global public-chain technology innovation is decreasing.”

Comments (No)

Leave a Reply

Home | About us | Privacy Policy | Terms and Conditions | Advertise | Submit Post