Nick Chong · 1 week ago · 2 min read · Insights via Grayscale Investments
EOS › China › Adoption
EOS, Ethereum, and Nebulas Reign Supreme in China’s 3rd Set of Blockchain Ratings
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.
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, 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 – 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.