China released the second edition of the ranking of state-approved cryptocurrencies, giving the palm to EOS, and dropping Bitcoin to the second ten.
EOS topped the ranking despite problems with the launch of the main network, constant criticism regarding its technological stability and the freezing of funds of first seven, and later 27 user accounts.
Ethereum, the second largest cryptocurrency by capitalization, now ranks second after EOS. Among the top five assets, NEO is in third place, with Stellar and Lisk in fourth and fifth place respectively.
Steem, the token used by social networking platform Steemit, dropped to seventh place, from second place in May. BitShares (8) and Ripple (9) remained in the top ten.
Bitcoin, compared to the previous ranking, lost four more positions and fell to 17th. Also in the top twenty is Monero, and the ultra-anonymous coin Zcash, took only 27th place. Litecoin failed to rise above 24 positions. Rounding out the ranking of 30 cryptocurrencies are Bitcoin Cash, Decred and NEM.
The second round of the Global Accessible Technology Index, published by the China Center for Information Industry Development (CCID) under the Chinese Ministry of Culture, follows the initial launch of a series of rankings in May and has become no less controversial for the crypto community.
China sparked a wave of discussion in the cryptocurrency industry with the ranking released last month, placing Bitcoin in thirteenth place, defending Ethereum. The evaluation methodology and underlying selection criteria are still unknown, but CCID believes that the industry “lacks an independent rating system” and aims to provide a list of projects that researchers and creators of their own blockchain applications can evaluate, based on three broad categories: “core technology,” “application,” and “creativity.”..html">CCID's research team responsible for calculating the scores, according to Chinese officials, consists of "first-class domestic experts and scholars," and the main objective of the research is to "evaluate the technological potential, usefulness of application to deeply understand the trend of innovative Blockchain technologies," the press release said.
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