The China Electronic Information Industry Development (CCID) Research Institute has released its August blockchain ratings, and EOS has landed at the top.
Additionally, despite complications Block.One faced during its mainnet launch of the EOS platform, CCID has remained confident in the blockchain project.
CCID August Rankings
For the third month in a row, EOS has once again ranked above all of the blockchain projects on the market. Behind EOS, the rankings include:
The CCID examines three different categories to rate projects–technology, application and innovation.
Compared to last month’s blockchain ratings, Nebulas dropped to one position to No. 4 while Komodo took a sharp rise to No. 3. Ethereum, NEO and Stellar, meanwhile, have remained in their same positions; however, Bitcoin has risen to No. 10, compared to its No. 16 ranking in July. Beyond the top 10, Cardano’s No. 14 ranking came as a surprise, despite its status as the second biggest proof-of-stake (PoS) blockchain network in market valuation.
As for the No. 1 position, EOS’ high ranking is based on its advanced PoS consensus algorithm.
Furthermore, smart contract protocols and blockchain networks designed to support decentralized applications (dApps) have been shown to rank higher in the CCID rankings due to the technology and application scoring categories. However, this doesn’t explain Bitcoin’s uptick, as there have been no foundation or monumental changes in Bitcoin network.
It remains unknown what prompts the changes in the rankings of these blockchain projects, as the past four months haven’t shown any trackable trends, and consumers should use caution when using these rankings as metrics for buying or trading cryptocurrencies.
The CCID includes contributions of researchers and professors from China’s most prestigious educational institutions.
Cover Photo by Dominik Vanyi on Unsplash