native digital currency “DOT” recently surged to another level not seen since the network’s history, thereby raising DOT‘s market capitalization to a new level above Litecoin. 

Since December 2020, the cryptocurrency has been on a strong price momentum pushing up from $5.22 on December 28 to $9.1 on January 1, as seen in the chart below. 

It’s left to be seen whether Polkadot’s crypto will possibly surpass XRP, which recently faced a heavy dump amid the US SEC charges against Ripple, the blockchain company behind the crypto. 

Polkadot is an interoperability blockchain protocol founded by Gavin Wood, one of the founders of the leading blockchain network, Ethereum. Since the mainnet was released in May 2020, the native cryptocurrency has grown steadily and ranked as the seventh-largest digital currency by market capitalization on September 8. Its blockchain has attracted many developers building on it, including projects like KILT and Moonbeam, which is reportedly working on scalable smart contracts. 

As recently as December 8, Huobi invested $5 million to support the Polkadot ecosystem. 

their previous positions within the last three months.  The ranking, which includes 37 cryptocurrencies listed by the subsidiary of China’s Ministry of Industry and Information Technology, saw Tezos (XTZ) moving from its previous 35th position to 23, while Zilliqa rose from its 26th spot to 21st.  Other crypto projects on the list include EOS at the number one position, Etheruem, IOST, Tron, NEO, and Bitcoin ranking 14.  The CCID stated that the 37 crypto projects were evaluated using three essential criteria, including basic technology, applicability, and innovation.  The “basic technology criteria,” which consists of 65% of the total index, access all listed crypto projects based on their networks’ performance, security, and decentralization.  The “applicability” context examines the projects via their networks’ support for practical application, and it contributes 20% of the entire index.  Lastly, the CCID examines the projects’ innovativeness to see how often the network developers release upgrades to address all arising issues, as they account for 15% of the total index.  Interestingly, the Zilliqa project, which recorded 90.5 as its total index in the previous rating, gained steam by scoring 95.8. On the other hand, Tezos’ total index also grew from 75.4 to a massive 91.3.   Between June and August 2020, both projects have made efforts that contributed to this latest achievement.  In June, Zilliqa announced that its blockchain had  that enable the first-ever smart contract platform built on sharding.  The move was made to address the scalability problem bedeviling notable blockchain projects, including Bitcoin and Ethereum.  On the other hand, Tezos, which recently , has not experienced a dull moment ever since, as it keeps rolling out significant upgrades for users.  The Tezos blockchain is considered as one of the best by notable firms, and it is regularly adopted to launch several blockchain-related projects.  Affiliate: Get a Ledger Nano X device for $119 so hackers won't steal your crypto. Follow us on Twitter, Facebook, and Telegram to receive timely updates. Subscribe to our weekly Newsletter.

Bitcoin is up a place, but only 16th.The Chinese Center for Information Industry Development (CCID), a research group under the Ministry of Industry and Information Technology, issued the third iteration of its blockchain rankings. The first publication of this nature came in May 2018, while the second one was in June. The main aim of this research is to evaluate each project for its usability and has nothing to do with price fluctuations of the associated virtual coins.There are three different criteria, which make up the total score – basic technology, applicability, and creativity & innovation. Here is a breakdown on the top 10 blockchain projects, where each factor is a separate column:When comparing the full results to the ones from June, we can note a few changes. A total of 31 coins are now included, with the newest one being GXChain (GSX). It enters the list at a very respectable fourth position, right after the leaders EOS (EOS), Ethereum (ETH) and Nebulas (NAS). This honor did have somewhat of an impact on GSX price – several hours after the announcement GSX was trading around 10% higher.The rest of the coins on the list did swap their places around, but there were relatively few drastic changes. For instance, IOTA (MIOTA) jumped from 19th to 14th, while Bitcoin (BTC) only managed to gain a single spot from 17th to 16th. On an interesting side note, Waves (WAVES) and Komodo (KMD) got the exact same score and are tied for 9th place.A lot of pundits questioned the rating methodology used by CCID, already in the first two issues of the study. The China Electronics News Agency (CENA), which is also under the Ministry of Industry and Information Technology’s umbrella, provided separate answers for the three different criteria.When it comes to the technology factor, where EOS has a massive lead, the statement reads:“The basic technology [aspect] mainly assesses the technical level of the current public chain, including evaluation of functions, performance, security and decentralization. In terms of basic technical sub-indicators, EOS scored the highest.”The second column, applicability, (one in which Ethereum beats NEO ever so slightly) is explained as follows:“The application [aspect] mainly examines the comprehensive ability of the public chain to support practical applications, including node deployment, wallet application, development support and application implementation.”The third and final category, creativity & innovation is dominated by Bitcoin. Here is the brief description regarding it:“The innovation assessment focuses on continuous innovation in public chain open source code, including the number of contributors, code updates, and code impact.”Even if we leave the actual rankings aside, the mere existence of such a system in China is noteworthy. While this isn’t by any means an outright openness towards crypto, like the one in Estonia or Zug, Switzerland, it at least shows a neutral analytical attitude, which may eventually lead to the removal of some of the crypto restrictions in the world’s most populous country.You're one step away from getting industry's latest news and updates. Please check your inbox/spam for a confirmation email and click on the link to confirm your subscription.

revealed another set of iteration regarding the government promoted the ranking system. This is specifically for top digital currencies and blockchain.Despite EOS holds the fifth-ranking according to the market capitalization, trading with a value of $2.2 billion. This crypto is still trying to hold the top position in blockchain appraisal presented by the China Center. This is  for Information and Industry Development aka CCID.From the very start, the Chinese government seems anti-cryptocurrency sided, issuing many severe crackdowns regarding the use of digital coins investments. According to this ranking, EOS ranks at the top 1 from the last blockchain evaluating iteration. Bitcoin has a market cap twenty-eight times that of EOS ranks 15 positions in blockchain appraisal.Talking about the third-ranking crypto in market cap following XRP, Ethereum holds the second highest distinction rating in blockchain by the government organization. Meanwhile, XRP is on the 20th spot. Ethereum position is constant right from December.XRP is available on the lower half of the pack; this report was just after Ripple driving the XRP coin, made an announcement about blockchain scholarship joining the Institute for Fintech Research (IFR) at Tsinghua University.There is new scholarship looking to broach up a partnership, bringing top Chinese students to rehearse and study global blockchain development and regulations. This seems a move which might show broader implications within the cryptocurrency industry.On the other side, the EOS network provides a significant amount of power serving its subset of arbitrators. This is the system leading a currency’s decentralization. As an answer to the controversy, the CTO at EOS, Daniel Larimer specifies in an interview that EOS offers an alternative viewpoint with regards the decentralization prioritizing the cryptocurrency industry,What is your opinion on EOS topping the list? Share your thoughts on our Twitter and Facebook pages. Also Read : Crypto Exchanges | Crypto Wallet | Earning Sites |The post According To The Chinese Blockchain Rankings, EOS Tops The List appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.

prowess. Thirty-Five cryptocurrencies were technically evaluated: the three most popular Dapps platforms EOS, Tron and Ethereum attained the top three positions.According to the press release by CCID, it is reported that the CCID Global Public Chain Technology Evaluation Index is released by CCID (Qingdao) Blockchain Research Institute. The evaluation work is organized and implemented by CCID Blockchain Research Institute, CCID Think Tank and China Software Testing Center participate.CCID Rankings are released every month, this was the 11th release of the ranking since its beginning in May 2018. The evaluation model is consistent with the previous issue and is still evaluated in three main areas: basic technology, application, and innovation.Ethereum has risen to the third place after the Constantinople update and also gained three positions concerning the Basic Technology Index (a sub-Index of the rankings) of the CCID rankings.On the innovation front, Bitcoin is still ranked first followed by Ethereum (ETH), EOS, Litecoin, and Application Chain. According to CCID, Innovation focuses on the continuous innovation of the public chain. The survey points include developer size, code update, and code impact. Bitcoin’s Lightning Network (LN) has developed enormously since 2018.The Public Evaluation Index forms an authentic reference for the people around the world as its independent evaluation confirms their authenticity and also provides a scale of comparison for the developers.Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Reach out to him at [email protected]Bitcoin Cash [BCH] Marked Momentum After Gaining More than 6% GrowthHow Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval if (!window.AdButler){(function()

blockchain projects. IOST () moved up a spot to 5th position while other leading projects including EOS, TRON (), Ethereum (ETH) and Lisk occupied the 1st 2nd, 3rd, and 4th spots, respectively, out of a total of 37 distributed ledger technology () projects, according to reports on April 13, 2020. Despite the fact that the Chinese government has, for long, banned the trading of Bitcoin () and other cryptos within its shores, the nation is still very much interested in the underlying blockchain technology. In the latest development, the Ministry of Industry and Information Technology’s Center for Information and Industry Development (CCID), has released its latest ranking for 37 credible blockchain projects. Per close to the matter, in the overall ranking, IOST (IOST), a highly functional ultra-fast, decentralized blockchain network based on the Proof of Believability (PoB) consensus algorithm, moved up to the 5th spot, while EOS (EOS), Justin Sun’s TRON (TRX), Ethereum () and Lisk (LSK) currently occupy the 1st, 2nd, 3rd, and 4th spots respectively, out of a total of 37 projects. Notably, all 37 projects were evaluated based on several categories including basic technology, applicability, and creativity. In the basic technology category, IOST is ranked 3rd, while EOS and TRON are placed in the 1st and second positions respectively. In terms of applicability, Ethereum occupies the top spot, followed by TRON and Nebulas. And the world’s flagship cryptocurrency, Bitcoin (BTC) occupies the number one spot in the creativity sub-category, followed by EOS and Ethreum. Commenting on the latest blockchain rankings, the CCID reiterated that the result of the assessment will enable it to “provide more robust technical consulting services for government parastatals, business enterprises, research institutes and more.” It’s worth noting that the IOST (IOST) project has achieved numerous since its launch over two years ago. Earlier in February 2020, IOST and the Chinese authorities a blockchain solution aimed at fostering transparency in the processes of charity organizations during the COVID-19 pandemic. More recently, on March 25 2020, BTCManager that the IOST project has rolled out a new staking model in a bid to satisfy the needs and yearnings of its users. At press time, the price of IOST (IOST) sits at $0.003071, with a market capitalization of $36.9 million, as seen on CoinMarketCap.

three tokens added are Monolith, Solana, and Haven Protocol. While GHOST received a “B” ranking, the Web3 DeFi project Monolith (TKN) received “CCC,” scaling-focused Solana (SOL) received “BB,” and the DeFi ecosystem Haven Protocol (XHV) got “CCC.” According to the database, TKN has a “Positive” outlook, while GHOST, SOL, and XHV were considered “Stable.”

Founded by computer scientist and anti-virus pioneer John McAfee, GHOST is a proof-of-stake privacy coin, focused on building an independent global financial system. The token can be used by anyone and anywhere, without any KYC requirements. The token is a part of McAfee’s agenda of making the world as much decentralized as possible, especially in the economic sense. McAfee DEX, the decentralized crypto exchange, and GHOST token are two of the first crypto products developed by the computer scientist.

Monolith is a London-based DeFi platform that aims to establish itself as a potent blockchain alternative to traditional banks. However, the protocol is only available in the United Kingdom and the European Union. Solana is a high-performance blockchain protocol, boasting an insane transaction speed of 50,000 tps. Based out of San Francisco, California has a solid team with experience from giant tech corporations like Apple, Qualcomm, Intel, Google, Microsoft, Dropbox, and Twitter.

Haven Protocol is a DeFi ecosystem for private assets and has built the world’s first private stablecoin XUSD. Based on the Monero protocol, Haven offers world-class privacy, security, and anonymity to all the private asset holders on its ecosystem. It also allows users from across the globe to exchange assets without the interference of any custodians or third parties.

Ministry of Industry and Information Technology ranked thirty-five cryptocurrency projects independently on the basis of the underlying technology, applicability, and creativity. EOS and TRON were rated the best among the lot in this update.The projects were ranked according to three major indicators: basic technology, applicability, and creativity. The basic technology which accounts for 64% of the total index, mainly examines the technical realization level of the public chain, including function, performance, security, and decentralization according to the report. Top five projects in this criterion are EOS, Tron, Bitshares, Steem, and Gxchain. The center observed that the basic technology index has slightly decreased from the previous period.The sub-index ‘applicability’ accounts for 20% of the total index, explained the CCID report. This category mainly evaluates “the comprehensive level of public chain support for practical applications.” Ethereum, NEO, Nebulas, Tron, and Ontology topped under this criterion. “The applicability index has increased from the previous period,” concluded the report.The creativity sub-index accounts for 16% of the total index and focuses on continuous innovation in the public chain. Bitcoin, Ethereum, EOS, Litecoin, and Lisk were ranked the best in this sub-category. CCID explained that“the average value of the innovation sub-index has declined to a certain extent compared with the previous period, indicating that the activity of global public-chain technology innovation is decreasing.”Overall, EOS still occupied the top spots which it has been holding since the start of the ranking project since June 2018. TRON had debuted during the last update and had replaced Ethereum to gain the number 2 spot. Ethereum holds its third rank.“The results show that the world’s three major Dapp platforms — EOS, Tron, [and] Ethereum — still rank in the top three, [and] the scores are 155.7, 146.7 and 142.8, respectively,” explained the center in their report.Bitcoin, though, was ranked fifteenth, falling two places below from last month with a score of 99.4. Bitcoin Cash also dropped from 27th to 31st spot and had scored 82.1. Other cryptocurrency projects that made it to the top ten include Bitshares, Nebulas, Ontology, NULS, GX Chain, NEO, and Steem.Save my name, email, and website in this browser for the next time I comment.CryptoNewsZ is a News Publication Media that provides updates on cryptocurrency, ICOs, DApps, and blockchain. As more and more people turn to cryptocurrencies every passing day, we cater high-quality, unbiased and well-analyzed content to them. We cover the latest news, price analysis and interviews for the crypto community.Reporters at CryptoNewsZ work round the clock to provide upbeat, timely and consistent news updates to its readers. Thus CryptoNewsZ endeavors to fill the void of a reliable source of information in digital currency community.

meantime, Tron (TRX) remains above Ethereum (ETH) — the two rivaling cryptocurrencies have secured 141 and 135.8 points respectively.

The only notable surprise about China's new crypto rating is STEEM, the native token of blockchain-based social media platform Steemit, securing the fifth place. This came after Steemit migrated to the Tron blockchain earlier this month.   

As reported by U.Today, Tron surpassed Ethereum back in October. However, Ether still has a slight edge when it comes to applicability.       

In the latest rankings, Bitcoin (BTC) has left the top 10, ending up in 11th place. Still, it greatly surpassed its fork Bitcoin Cash (BCH) that barely made the cut to the list that features 37 coins.    

These rankings are of high significance given that the institution that publishes them is backed by the Chinese government. However, their methodology is frequently questioned within the crypto community.

US-based Weiss Crypto Ratings suggested that EOS is able to stay at the top because of the project's high level of centralization. Meanwhile, Bitcoin, a decentralized and permissionless cryptocurrency, will hardly ever be used by the most enduring communist state in history.  

government sponsored index, from the Chinese Center for Information and Industry Development (CCID) Research Institute, claims to evaluate the top 35 public blockchains based upon technology, application and innovation. While EOS has held the top spot since June 2018, its decentralized application (DApp) competitor TRON is gaining in the rankings. According to the CCID evaluation, TRX is the second overall ranked cryptocurrency project, with Ethereum, STEEM and Ontology rounding out the top five. Bitcoin, despite being in the industry leader in both market dominance and capitalization, has slipped all the way to the twelve position in the most recent update. Given the position of EOS, TRON and Ethereum, the Chinese researchers appear bullish on the outlook of decentralized applications, The results show that the worlds three major Dapp platforms EOS, wave field, Ethereum remain ranked in the top three, the scores are 148.5, 144.1 and 136.6, respectively, the first camp comprehensive index score leading.Given the relationship between the Chinese government and cryptocurrency, investors have been wary of research put forth by the CCID. Not only has China cracked down on Bitcoin and altcoin trading, in addition to stamping out ICOs, but there are rumors of a cryptocurrency ban forthcoming. However, the CCID has positioned its research as an evaluation of the underlying blockchain technology for each project, rather than an analysis of digital assets to be invested insuch as the reports provided by Weiss Crypto. Nonetheless, traders responded favorably to the news of EOSs continued dominance in the rankings, with the coin rising more than 34 percent since its publication on May 23. While the overall crypto markets are experiencing a contraction on the day after Mondays bullish rally, EOS has managed to post an 8 percent increase as of writing. EOS is narrowing the gap between itself and fourth-ranked cryptocurrency Bitcoin Cash, which could lead to the latter being flipped in the market cap rankings by the end of the week.TRON TRX Gets a BoostTRON also benefited from the vote of confidence by the Chinese Research Institute, with the currency rising 38 percent since its publication. TRX also received a jolt of investment interest following a cryptic tweet put forth by TRON Founder Justin Sun, who claimed to have amazing news in the works for TRX and its closely associated BitTorrent Token. Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTTDespite being sparse on details, traders pumped the price of TRON in anticipation of Suns new development, which the TRON Foundation CEO claims to share with the community after the start of next month.

application.1/ Public blockchain ratings by China’s ministry is out: #Ethereum ranks top of the 28 cryptos evaluatedSource (in Chinese): https://t.co/9jStIiFKccAs shown by the chart below, 28 different cryptocurrencies were included in the crypto rankings.4/ Detailed scores of the first crypto ratings by CCID Research, China’s Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokgeThe top five included Ethereum [ETH], Steem, Lisk, NEO, and Komodo. Four of these projects utilize smart contracts to create dApps on their platforms. The platform unfamiliar to most is Komodo, and it is currently the 58th largest cryptocurrency by market cap. Steem is a surprising top 5 pick as it is not a smart contract building platform, but more of a Reddit held on a decentralized blockchain.Another surprising addition to the list is Stellar (XLM). It’s ‘big brother’ project and third largest cryptocurrency by market cap, Ripple (XRP), seems to be completely excluded from the list. Seeing as these platforms are essentially the same thing with different target audiences makes me seriously question the validity of the rankings.Monero (XMR) was added to the top ten list and the project has been red flagged by several governments including the financial services agency (FSA) and crypto-friendly Japan.While its no surprise that Bitcoin (BTC) was ranked 13th, the fact that Verge (XVG) is on the list and not EOS or even VeChain (VEN) shows the lack of knowledge the group possesses. Were they paid off? Maybe.If you want to follow any ranking system, I highly suggest Weiss Ratings. Weiss Ratings has been established since 1971 and grades everything from stocks to insurance plans. Back in February, the group released its top three cryptocurrency rankings and it was EOS, Cardano, and Steem.You can see the groups reasonings in the links above. Juan Villaverde is a full-stack developer and mathematician/statistician. It remains unknown who is behind the scenes rating these blockchain projects at the Chinese Ministry of Information and Technology, but I’d do your own research before you start taking investment advice.>> allthingcrypto.tech shares the pros and cons of the Ethereum NetworkIs Liquidity Network the Golden Key for Ethereum [ETH]? Off-Chain Micro Transactions in Seconds

and their blockchains, once again placing EOS at the head of the pack.Despite holding the fifth position by market capitalization, with a valuation of $2.2 billion, EOS has managed to hold the top spot in blockchain appraisal by China’s Center for Information and Industry Development (CCID). While the Chinese government has been characteristically anti-cryptocurrency, with some of the more severe crackdowns against the use and investment of digital coins by any major power, their state-sponsored blockchain ranking dates back to May of last year.  EOS was ranked #1 in the last iteration of the blockchain evaluation released in December 2018, a position the coin has held since June 2018. Bitcoin, with a market capitalization over twenty-eight times that of EOS, was ranked fifteenth in blockchain appraisal, up three spots from December’s rankings. Ethereum, which ranks third in market capitalization just behind XRP, held the distinction of the second highest rated blockchain by the government organization, with XRP being placed all the way in the 20th spot. ETH’s position remains unchanged from December. Despite placing XRP in the lower half of the pack, the most recent rankings report comes just days after Ripple, the startup behind the XRP coin, announced a blockchain-based scholarship with the Institute for Fintech Research at Beijing’s Tsinghua University, one of the country’s premier scholarly institutions. While Ripple has had little headway into China, and has instead focused its effort on developing and financially under-served countries such as Brazil and India, the new scholarship is broaching a partnership to bring top Chinese students to study global blockchain regulations and development–a move that could have broader implications for the industry of cryptocurrency.While EOS has managed to gain significant praise from China’s state-sponsored blockchain review, the coin has been experiencing controversy dating back to last November, when the currency sparked a firestorm over the reversal of previously-confirmed transactions. According to evidence first posted on Reddit, a complaint put before one of the platforms arbitrators led to the eventual reversing of transactions that were previously confirmed on the network. EOS’s network gives considerable amount of power to its subset of arbitrators, a system that has led the currency’s decentralization to be called into question. While this particular instance involved an account that was reportedly phished, with the implicated transactions occurring without the owner’s permission, the annulment of network-confirmed transactions is seen as a fundamental violation of blockchain by many users. In response to the controversy, EOS CTO Daniel Larimer said in an interview with Colins Talks Crypto that his coin has an alternative viewpoint towards the decentralization that is prioritized by most of the cryptocurrency industry,“Decentralization isn’t what we’re after…What we’re after is anti-censorship and robustness against being shut down.”Despite the announcement being positive development for EOS, the coin has not exhibited much price movement over the last week, following the current industry trend for top ten cryptos which have remained relatively stable throughout the latter half of January.