Cryptocurrencies & Platforms

China’s Institute Puts EOS and TRON Over Ethereum and XRP In Its Blockchain Ranking

China, which periodically releases rankings of various cryptocurrencies based on technology, application and innovation, has released yet another list – and EOS remains on top with Bitcoin (BTC) moving up three spots. Bitcoin has been ranked 12th, losing points for its technology.

The TRON comes second with Ethereum, STEEM, and Ontology (ONT) rounding out the top 5.

The list, formed Center for Information and Industry Development in collaboration with China’s Ministry for Industry and Information Technology, is government-backed and the cryptocommunity is generally does not find the list very agreeable – many doubts have been placed on both EOS and TRON, and the ranking of BTC on previous lists has irked some.

China has shown a lot of interest in blockchain technology, and Alibaba and Tencent, among others have taken steps towards implementing and encouraging it.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

4 weeks ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

1 month ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

1 month ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

1 month ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

2 years ago