EOS EOS Cryptocurrency China CCID 25 Jun 2018
Chinese Global Public Chain Technology Evaluation Index is a new initiative of Chinese officials that is published monthly by the China Center for Information Industry Development (CCID).
25 June, AtoZ Markets – Local Chinese media outlets report that the second part of China’s government-supported cryptocurrency and Blockchain projects’ monthly ratings has been published.
The report from Chinese officials entitled “Global Public Chain Technology Evaluation Index” has been released at the Shanghai Science Hall on June 20. Remarkably, the report ranks the cryptocurrency EOS as first. The pioneer cryptocurrency, Bitcoin, comes 17th out of 30 examined cryptocurrencies. Ethereum has scored second, thus freeing the way for the innovative EOS coin.
The “Global Public Chain Technology Evaluation Index” is a report that is published monthly by the China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology. Reportedly, this document is prepared by “first-rate domestic experts and scholars.”
The official press release notes that EOS has received its top ranking thanks to the “outstanding technical advantages in transaction confirmation efficiency, network throughput, and transaction costs” of the protocol.
The evaluation report did not fail to mention the EOS’ recent technical issues. Yet, despite the criticism, the officials have stated that the project is “highly active in technological innovation,” a “new generation public blockchain” that is “currently most regarded by the industry.”
The Index from China is an independent analysis that examines global Blockchain projects. The index evaluates their technological capability, innovation, and usefulness. The Chinese government has firstly announced the compensation for the “lack of completely independent assessment” for cryptocurrency and Blockchain project back in May.
CCID has stated that the monthly index demonstrates “the confidence of the Chinese government” in Blockchain. It is expected to serve as a “guide” for the Chinese technological development.
An initiative that is supported by Chinese IT Ministry has resulted in the creation of a special committee that is aimed at solidifying “nationwide” Blockchain standards by the end of 2019.
Think we missed something? Let us know in the comments section below.