EOS, Ethereum, and Nebulas Reign Supreme in China's 3rd Set of Blockchain Ratings $EOS | CheapHotAlts
The third round of blockchain rankings has been released by China’s CCID Research Institute and EOS received the top rating for the second time in a row. Ethereum and Nebulas followed close after.
Despite the complications Block.One faced during EOS’s main net release, CCID still felt that EOS remained supreme among all the blockchain projects on the market.
China Electronic Information Industry Development
The CCID is backed by the Chinese government and carries out what they consider to be the global public chain technology assessment.
The CCID website description translated into English reads:
“The global public chain technology assessment work was organized and implemented by the CCID (Qingdao) Blockchain Research Institute. It was jointly carried out by a number of units including the CCID Think Tank under the China Electronic Information Industry Development Research Institute and the China Software Testing Center. The purpose is to scientifically Assess the development level of global public chain technology.”
On May 17th, 2018, the group released its first set of rankings with Ethereum on top and EOS nowhere to be found. In the second set of rankings released in June 2018, EOS, Ethereum NEO, and Stellar were at the top.
EOS, Ethereum, & Nebulas Reign
The newly released CCID Top 15 includes:
The projects were rated in three different categories: technology, application, and innovation.
EOS
While EOS suffered major hiccups the past month, the group was likely impressed with its consensus algorithm, which uses a delegated proof-of-stake (DPoS). The DPoS algorithm prioritized scaling and speed at the expense of some decentralization.
Ethereum
Ethereum, however, still uses a proof-of-work (PoW) consensus algorithm, but recently released its roadmap to transition to PoS. Ethereum developers are steadily working on solutions to solve the project’s scalability issue and there are many front contenders.
Nebulas
Nebulas – founded in Singapore in 2017 by the Nebulas IO Foundation, ranked sixth on the previous rankings but jumped its way up to third. Nebulas enthusiasts call the project the new “Google for Blockchain.” Nebulas’s project includes a search engine and upgradeable smart contract capabilities.
Google is intended for day-to-day searches whereas Nebulas focuses specifically on searches throughout decentralized applications (dApps), user’s blockchain assets, and smart contracts.
Cover Photo by Hanson Lu on Unsplash
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Did you like this article? Join us.
Get blockchain news and crypto insights.
Chelsea Roh
Chelsea Roh is a freelance writer. Her current focus is blockchain technology and cryptocurrency. Chelsea currently lives in Winnipeg, Manitoba with her husband. In addition to content writing, she is an experienced SEO and Social Media Strategist. Before moving to Canada, she spent 10+ years marketing and working hands-on in the medical practice industry in the US.
