Chinese Govt. Releases Crypto Ratings, Ethereum Leads Way Ahead of Bitcoin

by | May 18, 2018 | Bitcoin, Cryptocurrency, Cryptocurrency News

China | Crypto Ratings | Ethereum | Bitcoin | Cryptocurrency Ratings | Cryptocurrency in China | Cryptocurrency updates

China may be cracking down on cryptocurrencies. Thus, if it were to give a Crypto Rating analysis, that would be naturally quite surprising. Not disappointing us further, the Chinese Ministry of Industry and Information Technology released its inaugural cryptocurrency ratings this Thursday, May 17.

Coming in at the top of the grade, Ethereum earned a total index score of 129.4. It’s followed by Steem (115.9), Lisk (104.8), NEO (103), and Komodo (101.5). Meanwhile, Bitcoin (88.1) comes in at 13th, wedged between BitShares (90.8) and Verge (88.1).

China has rated Ethereum, a cryptocurrency most commonly used in initial coin offerings, as best among 28 blockchain projects, while Bitcoin was, however, the most innovative out of the projects. NEO, as many call it “Chinese Ethereum”, is a public blockchain that raised 30 million yuan (US$4.71 million) through an ICO last year, scored highest in terms of its application potential.

Chinese outlet CEN wrote,

“It is reported that the index released this time is the world’s first technology-focused public chain assessment index, which will be issued periodically on a monthly basis. The issuance of this index will help to fully grasp the status quo of global public-chain technology development, timely track the direction of public-chain technology innovation, and help promote the innovation and application of blockchain technology,”

Also read: Weiss Ratings 2018 : 12 Cryptocurrencies You Need To Avoid

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