EOS Takes Leadership Over Bitcoin in China’s Government-backed Ranking

The monthly Chinese "Worldwide Public Chain Technology Evaluation Index" was announced at the Shanghai Science Hall on the 20th June, positioning EOS first, Ethereum (ETH) second, and Bitcoin (BTC) seventeenth in the top 30 cryptocurrencies.  

The ranking is distributed by the Chinese Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology, gathering together the best of the local specialist and researchers, as mentioned in an official statement.

The success behind EOS' top positioning is credited to the "exceptional specialized points of interest in exchange verification effectiveness, company revolutions, and exchange costs."

While taking into consideration the EOS MainNet's ongoing accidents – the technical issue following its release on the 15th June, the negative feedback for freezing a few records – the assessment, in any case, describes the project as very dynamic in technical advancement, a project that starts a new era in open-source blockchain services which currently is the most respected by the business.

The Index has been depicted as a monthly independent overview of the industry, assessing worldwide blockchain ventures based on their technological ability, handiness, and advancement. It comes as an answer to the Chinese government's opinion that the crypto and blockchain ventures lack independent evaluation.

CCID stated that the new monthly Index demonstrates ‘the safe bet of the Chinese government’ in the blockchain industry, and aims to act as a "guide" for the nation's innovative front.

The government has initiated a nationwide discussion and is actively working on establishing blockchain national standards, which should empower the implementation of the technology in diverse sectors.

The standards are expected to be completed by the end of 2019 with a particular focus on the security of blockchain technology. The standards are expected to focus on methods, information security, processes, credibility, business, and application.