Altcoin News: China Has Released the Tenth Ranking of Cryptocurrencies, Bitcoin Upgraded

February 27, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Center for Information and Industry Development of China (CCID) has released the tenth rating of cryptocurrency. Tron made his debut at the top of the list, and Bitcoin slightly improved its position.

In total this month, 35 projects were evaluated. Smart contracts platforms are still in the lead. Since the release of the previous rating, only one new project has been added to the list — Tron. EOS still ranks first, and Tron made his debut at number two, overthrowing Ethereum, which is now in third place. BTC ranks 13th this month, showing an improvement of two positions compared with the previous issue of the rating. BCH was in 27th place, slightly improving its rating from 28th position in the previous list.

CCID described the newcomer to the ranking, the Tron project, launched last May as an “open network with high bandwidth and reliability”, adding that it is “compatible with Ethereum smart contracts”. The center also claims that there are currently over 200 dApps on the Tron blockchain. The overall rating index for Tron is 145.6 and the project is on the second place to very close to EOS (150.5).

CCID explained that this last assessment still uses three key indicators: basic technology, application, and innovation. However, for the last rating, the weight of the innovation indicator in the general index has been increased. Cryptocurrency projects that have improved their positions the most in comparison with the previous list — Nano, Verge, and Qtum.

In the category of basic technology, there are five networks with the best performance — EOS, Tron, Bitshares, Gxchain, and Nano, notes CCID. In this category, the level of technical implementation of the open blockchain is assessed first of all and its functions, dynamics, security, and decentralization are investigated.

The top five projects in the category of applicability are Ethereum, NEO, Nebulas, Tron, and Ontology. Within this category, a comprehensive level of support for an open blockchain is generally estimated for practical use, including node deployment, wallets applications, and application development and implementation support. The innovation category focuses on constant innovations in the blockchain, including the number of developers, code updates, and code impact. The top five cryptocurrency projects in this category include Bitcoin, Ethereum, EOS, Lisk and Tron.

Author: Marko Vidrih