34 Crypto Projects

China’s CCID Ranks 34 Crypto Projects

China’s Center for Information and Industry Development released its eighth crypto project ranking update on Thursday. This time, 34 cryptocurrency projects were measured with Ontology as the newest addition.

EOS stands upright at #1 position in the overall ranking, followed by Ethereum on the second. Ontology debuted at number five. BTC slips from 13th position in the previous ranking to the 18th position, while Bitcoin Cash fell to the 30th spot from 29th. Dwelling at the bottom in Decred, with Litecoin and NEM ranking just above it.

Ontology explains itself being a distributed trust collaboration platform. Its “blockchain framework public blockchain systems and is capable of customizing different public blockchains for various applications.” The center particularly measured Ont ID, Ontology’s protocol for a “complete distributed identity framework supporting identity verification and authentication for people, objects, assets, and affairs.”

As indicated by China’s CCID –

Its [Ontology’s] main network was launched in June 2018. In this assessment, Ontology has outstanding performance in basic technology and application, with a composite index of 112.6, ranking fourth in the [overall] list.

Rankings throughout 3 Categories

The 34 projects ranked by CCID of China were measured overall and in three separate categories, including basic technology, applicability and innovation.

In the first category, Gxchain, Steem, Bitshares, EOS and Ontology top the list this month. NULS has interestingly improved in this category.

CCID revealed –

“According to the evaluation model, the basic technology [category] mainly examines the technical realization level of public chains, including functionality, performance, security and decentralization.”

In the form of applicability, the top 5 projects are Qtum, Nebulas, Ontology, NEO, and Ethereum. The center wrote,

“The new Ontology replaced Dash in the top five. The applicability [category] mainly evaluates the comprehensive level of public chain support for practical applications, including node deployment, wallet application, development support and application implementation.”

As for the innovation category, the top 5 positions are occupied by EOS, BTC, Ethereum, Cardano, and Komodo.