Cryptocurrency is a possibly extraordinary digital resource for investment. Among different commodities, cryptocurrency will keep on being in the buzz for investment this year. If we pick the profits graph of the most recent ten years, cryptocurrencies have been among the most maximum yielding investment items. In this article, we provided a list of the top 10 most popular cryptocurrencies in 2021. 

May 2021 | AtoZ Markets – There is no single cryptocurrency we can bring up as the most elite. Numerous cryptocurrencies offer very pleasant opportunities for investment, relying upon what you’re searching for and what your investment objectives are. The height of the experience you have is a nother interesting point. For instance, cryptocurrencies may be a wise investment for the novice. While others appropriate for further developed crypto traders.

Moreover, it would be best if you remembered that purchasing the best cryptocurrencies isn’t sufficient to be a fruitful crypto trader. Many traders have seen their crypto venture reached to a conclusion since they didn’t give enough effort to security. If you are eager about investing resources into cryptocurrencies, you need to invest energy into ensuring your investment by strengthening your security.

Many individuals will debate that cryptocurrencies are the eventual fate of the fund. While that future may be years away, it is positively not an insane description to make. Digital currencies offer various points of interest contrasted with conventional fiat cash, for example, lower charges, transparency, and transaction/exchange speed.

When taking a glance at cryptocurrencies from an investor’s point of view, there are mostly five causes for consideration.

If you have any intention to put resources into the crypto market this year, then 2021 will be the most fabulous year to put resources into cryptocurrencies, as indicated by numerous crypto fans. Below here we mentioned top 10 most popular cryptocurrencies in 2021:

Bitcoin is in the first place of the most popular cryptocurrency to date. Bitcoin’s price is quite higher than other cryptocurrencies. Besides, it is frequently mentioned as “the king of cryptocurrencies”. Bitcoin’s price has climbed significantly in a few months and Bitcoin holding the current price above $55,000. Many analysts predict that Bitcoin’s price may reach $100k this year. Moreover, as the world economy is currently in a recession because of COVID-19, investors are looking forward to safe-havens, which boosts Bitcoin price at an all-time high. So, this is the high time to invest in Bitcoin, before the price strikes further.

Besides, the primary objective of Bitcoin to get worldwide, distributed, digital money, which has segregated from any guideline and along these lines completely decentralized. Other than that, the explanation of keeping Bitcoin on your investment radar is that it has the most elevated liquidity in the crypto space, which likewise makes it the best cryptocurrency to purchase if you are a novice.

ETH comes second on the list of top 10 most popular cryptocurrencies. ETH is the endemic cryptocurrency of the Ethereum blockchain network, which is most likely the digital coin alone that has figured out how to approach the prominence and fame of Bitcoin. It’s an altcoin that uses efficient smart contracts planned in such a way that it can be utilized in a diversity of real-world applications for performing exchanges in an extremely secure, decentralized, and distributed style. Whereas Bitcoin, the worth and request of the ETH are generally filled by its ease of use. Besides, the appeal for its blockchain and applications that can be handily altered to manufacture other decentralized applications, currencies, and smart contracts.

Ripple is in the third position on the list of most popular cryptocurrencies. It is the all-time most loved cryptocurrency of numerous investors. Because other than Bitcoin, Ripple is likely the most utilized coin for cross-border installments by many major financial institutions, including banks, over the world. Moreover, going about as the essential currency for performing exchanges/transactions inside the Ripple Ecosystem. The Ripple coin can similarly utilize for performing simple and reasonable worldwide financial exchanges/transactions. The Ripple network offers a scope of well-known items, for example, RippleNET, xRapid, and xCurrent. That being utilized by organizations worldwide for finding and associating with clients and service providers.

The fourth most popular cryptocurrency DASH is another computerized currency that was made on the idea of secure, shared advanced installments. In addition to other things that make Dash a well-known coin is the capacity to process installments immediately, in real-time. That empowers people and associations around the globe to perform sheltered and immediate cross-border exchanges utilizing Dash. It is also mainstream since it charges an exceptionally low expense from the transacting/executing parties, and the installments are dependable. The ongoing consultation from the World Health Organization (WHO) to receive digital cash over paper money to keep away from infections like COVID-19. It’s relied upon to bring about a major lift in the value and demand of Dash and numerous other cryptocurrencies out there.

NEO is the 1st open-source digital money started in China. It likewise, in some cases, called the Chinese form of Bitcoin. As it appears to work pretty much like Bitcoin, which has authoritatively not legal in China. NEO is unique about BTC. For one, it is open-source and run by a network of NEO clients, investors, and planners. NEO highlights a cross-platform, multi-language upheld smart contract system based on blockchain technology for simple and proficient administration of computerized resources in a decentralized situation. The essential focal point of the NEO system on making an ecosystem where genuine resources can digitize for simple liquidity and to support the mass appropriation of blockchain.

TRON is the 6th of most popular cryptocurrencies. It is a blockchain-based working system that permits developers to assemble cutting edge decentralized applications, smart contracts, and so forth on the blockchain. TRON expects to build up an environment or a sort of new web which has run by blockchain. It likewise serves as a worldwide, decentralized substance management system dependent on blockchain technology. Suppose you are a patron of the decentralized economy and indulge in a system where financial transactions are no longer administered by centralized entities. For example, banks or the administration, you ought to surely look at the TRON investment.

Titan coin, or TTN, is on the 7th of the top cryptocurrencies. It is one of the recent coins that relatively few individuals think about. However, yet they merit appraisal for the imaginative utilization of blockchain technology. In the beginning, Titan coin resembles whatever other digital money that can be utilized for making simple, quick, and secure cross-border installments. You can utilize it at any vendor or site that acknowledges the coin. It utilizes hybrid consensus (PoS/PoW) for included security and effectiveness in the blockchain.

However, what makes the titan coin remarkable and unique about most different cryptocurrencies is the nearness of genuine use cases. The Titan investment has been introduced as an environment that includes a scope of exceptionally usable activities or mobile applications that may make everyday tasks simpler for the general populace. All the applications in the ecosystem use titan coin as a method for secure, in-application installments, along these lines making an undeniable demand and boosting the coin an incentive in the market.

Litecoin is secured in the 8th position on the top most popular cryptocurrency/digital money list. It is a shared cryptocurrency dependent on blockchain. It works pretty much like Bitcoin however has fewer asset escalated. As such, the upkeep of a Litecoin organize is moderately simpler and less expensive. It utilizes blockchain technology for the creation and move of computerized coins. Litecoin is one of the first altcoins (bitcoin elective) and introduced in 2011. The primary variety among LTC and BTC is in the kind of hashing algorithm they use. The utilization of the Scrypt PoW algorithm by Litecoin permits clients to mine this coin with GPU and other customer grade equipment.

ICON is one of the principal projects to chip away at the idea of blockchain technology interoperability.  That permits clients on these blockchains to interface and transact with one another. This successfully extends the range and use instances of cross-chain technology. ICON runs on a typical reason for blockchain technology that depends on the Proof-of-Stake consensus. That may utilize for making and actualizing smart contracts with other decentralized applications (DApps). The ICON blockchain has supposed to have the option to process numerous exchanges or transactions every second.

ZRX is, last but not least, of the top 10 most popular cryptocurrencies/digital money. It has a cryptocurrency for the clients of the Ox platform. That has a blockchain technology convention for permitting the decentralized (shared) transaction of the token and the scope of advanced resources on the Ethereum blockchain. ZRX holders can likewise vest their tokens by marking with 0x market producers and achieve liquidity awards in return.

Thus, here closes the rundown of the top 10 most popular cryptocurrencies. It can add value to your time and cash in 2021 and further. Keep in mind this is not proficient monetary guidance. It is only a couple of determined crypto recommendations dependent on continuous market patterns. Continuously do your examination and research a cryptocurrency before putting resources into it.

Think we missed something? Let us know in the comment section below.

Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space with a product that feels familiar. The fund and asset management company is set up in Hong Kong, even though Huobi maintains several offices within the mainland. Huobi is China’s most established exchange and ranks second on the global liquidity rankings behind Binance.

High volumes and volatility continued on the world’s most popular memecoin. On April 28th, searches on WeChat for the Chinese version of ‘Dog-coin’ were up over 65% from the previous day. Shiba, another dog-themed memecoin, was also popular with Chinese exchanges MXC, Gate, Hotbit, LBank and Hoo. These five claimed the top spots for centralized exchanges by volume on April 29th. This suggests that Chinese investors are less attracted to fundamentals and continuing to invest in a more trend-based manner.

The winery founded by retired Chinese basketball star Yao Ming released an exclusive wine paired with an NFT. Yao Family Wines released 200 limited edition bottles in a series named The Chop. This is a reference to historic stone seals, known as chops, that were used on official Chinese documents or pieces of art. The NFTs are now being traded on OpenSea for between 0.2-0.5 ETH. Yao Ming is currently an executive in the Chinese Basketball Association and is well known for his humanitarian work off the court.

After five proposed class action lawsuits against crypto companies were dismissed in New York federal courts, a number of blockchain projects, including Tron, will be sleeping a little easier. The five dismissed cases were initially filed by plaintiffs upset about misleading investors, engaging in market manipulation and the sale of digital assets that were allegedly unlicensed securities. Cases against Binance, Kucoin, and Tron have yet to be dismissed but considering the similarities, it seems they have a good shot at dismissal too. Tron has a mixed perception in China, where Chinese co-founder Justin Sun has raised more than a few eyebrows with his heavy handed approach to marketing.

On April 25-26, many of China’s largest corporations and organizations came together to discuss the topic of digitalization. E-commerce giant JD.com announced it had been paying some of their staff salaries with DCEP, China’s central bank digital currency. The firm also announced it uses the technology for select business-to-business payments. JD.com, which is similar to Amazon, is no stranger to blockchain and digital currencies. It maintains a blockchain division that is responsible for a number of projects related to supply chain management and food safety.

At the summit, Ant Finance revealed that a number of private companies had been supporting the government-led project. Ant Group and Tencent, the companies that own the two largest private payment processors in the country, are included in the project. Also named was smartphone and 5G technology provider Huawei. This won’t be a major surprise, as private companies will be eager to act in solidarity with the national policies. However, it does potentially lay a clear path to market for the digital yuan if it can be integrated into the country’s most popular apps and products.

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

Source

Reporter Colin Wu shared news published by Chinese state media PengPai related to Bitcoin mining activities by the national government. At the very least, China’s view of cryptocurrencies is ambiguous, but according to the report they have been dabbing with BTC.

The state media confirmed a rumor on the Beijing government’s collection data center being used in BTC mining activities. The report stated that data centers in China’s capital were asked to submit feedback to “sort out the situation”.

According to the Beijing Economic and Information Bureau, there were concerns about the energy consumption related to these activities. PengPai quotes Yu Jianing, rotating Chairman of the Blockchain Special Committee of China, to claim that the country’s environmental requirements could lead to crypto mining being more “strictly regulated”. Jianing said this will be “inevitable”.

Chinese authorities are allegedly “paying more attention” to the sector. The state media claims Bitcoin mining and the equipment required “consume a lot of electricity to run”.

An investigation published in Nature Communications, conducted by the Chinese Academy of Sciences and Tsinghua University, claims that BTC mining activities in China will peak at 296.59 TWh. In consequence, the researchers expected 130.5 million metric tons of carbon emissions to be generated.

Therefore, pressure in the country to pass a crypto mining regulation could increase. However, the same research claims that 75% of BTC hashrate is in China. This data has been contested by many external sources. Wu added:

This caused some panic in China.  However, the Chinese government said it was only conducting an investigation.  Data centers are difficult to use for Bitcoin mining and are mainly used for ETH Filecoin.

Blackouts in the Chinese province of Xinjiang took a toll on Bitcoin’s hashrate. Mining operations were halted due to security inspections by the local government.

Although this crypto sector was affected, Wu said the measures were not targeting BTC mining but were part of an “overall safety” study of the electrical system in northwestern China. Data provided by OKLink and shared by the reporter shows Bitcoin’s hashrate has recovered.

On its way to levels seen before the outages, when the hashrate was at 172 TH/s. Currently, it stands at 154 TH/s. As a consequence, Bitcoin’s network has experienced high levels of congestions with transaction fees skyrocketing towards an average of 150 sat/vB (around $11).

BTC trades at $53,247 with sideways movement in the 1-hour chart and small losses in higher timeframes. In the 30-day chart, BTC has a 7.5% loss.

This post was originally published on www.newsbtc.com

China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, continues to evaluate and rank crypto projects. The center released its 19th ranking update on Wednesday. The ranking and evaluation work is carried out every two months. A total of 37 crypto projects were evaluated and ranked overall as well as in three separate categories: basic technology, applicability, and creativity. There have been some changes in the top positions of the overall ranking. While remains the center’s favorite, Tron dropped from the second spot to the fourth spot. Tron has been occupying the second spot for the past three updates — in June, April, and February. The current ranking places Ethereum second, followed by IOST, and then Tron. Bitcoin dropped two places from the 12th position to the 14th while Bitcoin Cash rose from the 34th position to the 30th. The center explained that the evaluation model has remained unchanged from the previous evaluation. The basic technology subindex accounts for 65% of the total score, the applicability or innovation subindex 20%, and the creativity subindex 15%. The crypto project rankings are compiled by the CCID (Qingdao) Blockchain Research Institute, an entity established by the CCID. Several organizations help with the evaluation work, including the CCID think tank and the China Software Evaluation Center. “The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers,” the center previously explained. As for China’s digital currency backed by the People’s Bank of China (PBOC), the Chinese Ministry of Commerce announced last week that its pilot run will be expanded to include “Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region.” Furthermore, the digital yuan will also be tested during the 2022 Winter Olympics games in Beijing and expanded to other regions as appropriate. Meanwhile, cryptocurrency data analytics firm Chainalysis reported that about $50 billion in cryptocurrency was moved out of China in the past 12 months as the Chinese economy suffered from trade wars and yuan devaluation. What do you think about this crypto project ranking? Let us know in the comments section below. NEWS | 8 hours ago NEWS | 13 hours ago Bitcoin, ccid ranking, China Bitcoin, china cbdc, china ranking, chinese ranking, crypto ranking, Digital Currency Image Credits: Shutterstock, Pixabay, Wiki Commons, CCID Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

The Chinese Center for Information Industry Development (CCID) released its third ranking of the top cryptocurrency projects. EOS maintains the lead form the previous month, 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.

In this Blog, you will find the top, latest crypto coins news and other cryptocurrency news. stay alert and get alerts. thanksA press release was released on January 24, 2019; China 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.

The Chinese Government agency, the Center for Information and Industry Development (CCID) has released its ranking of the public blockchain on the basis of their technical 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()

Ethereum has been making its way higher. The price of the ETH is positive, near the $175 and the $180 levels versus the USD. It is expected for the ETH/USD pair to climb higher, breaking near the $190 and $192 resistance levels in the short-term. The major support level for ETH/USD is $180, and the major resistance level is at $190. The RSI for ETH/USD is correcting lower, and it is touching the 50 levels. The MACH for the pair is losing momentum in the Bullish zone.Bitcoin climbed past $10,000, it corrected lower, and it is trying to work past the $10,000 resistance area. Bitcoin is currently leading the momentum, and the major cryptocurrencies are trading below their price averages. The BTC broke out, and it caught the investors off-guard with its wild ride.Libra from Facebook is running into a lot of problems. The major partners to the token have abandoned the association. Libra stumbling down has influenced the market sentiments, but the wild ride of the Bitcoin back to the uptrend has had investor interest pour back into the market.Ripple is below the resistance area versus the USD. It is rising slowly. A key bullish trend line is forming for the XRP near $0.2950 on the XRP/USD chart. Several Altcoins like TRX, ONT, NEO, and VET are up by more than 20% over the past sessions since the Bitcoin upsurge. The RSI for Ripple might test the 50 levels as it corrects lower. The MACD is moving back in the bearish zone. Major support levels are seen at 0.29, and significant resistance levels are seen at $0.30.Cardanos Shelley has a complex PoS protocol, and it will require some serious testing. The project has been subject to harsh criticism due to its slow development. ADA holders will be able to earn real rewards by joining the incentivized testnet. The project, however, requires stable and robust foundations. Any user who holds or transfers their ADA to one of the many approved wallets will be able to participate in the testnet process.Patel clarified, Stake pool operators should be comfortable with command-line interfaces and have some system operation and server administration skills.TRON is serious about improving its plug of partnerships. On the list of Chinese Crypto, Rankings EOS is on the top, but the Ethereum has dropped. The parameters for the rankings were technology, application, and creativity. However, there is not a clear explanation of what further requisites apply for the features. Either way, homegrown projects are excelling in Chinese crypto rankings.ShareCategoryFinanceRegulations About The Author dan saada Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining.

According to the new published by China’s Center for Information and Industry Development (CCID) today, popular cryptocurrencies including Tezos (XTZ) and Zilliqa (ZIL) have risen significantly from 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.

I was doing my usual crypto rounds in twitter when I saw this delightful news about Steem. Glad to see that changes and developments has been receiving positive feedback from the crypto and blockchain community. There is more to be done and would like to congratulate the developers and the community for making all this possible. From survival mode to one of the best rated blockchain project in the world ... well at least in this side of the world. You can find the the full report here.I wondering what would be the rank like when Steem finally release SMT's that would be interesting indeed.

The China Electronic Information Industry Department (CCID) has just announced its latest rankings for cryptocurrency projects for the month of March. Much to the bemusement of many crypto enthusiasts on social media, the CCID’s Global Public Blockchain Technology Assessment Index (XI) has scored Bitcoin a mere 15th place on the rankings, while EOS sits at top spot.Critics have called the state-linked CCID rankings “bizarre”, noting that many of the crypto projects listed are either linked to Chinese companies or have a significant Chinese developer presence.Your email address will not be published. Required fields are marked *

EOS has retained its top position in the latest update of Chinas cryptocurrency rankings, with Bitcoin slipping all the way to 12th place. Chinese Blockchain RankingsThe 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.

Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. CCID: Bitcoin Not A Top 10 Cryptocurrency According to the latest instalment of the rankings, which the CCID Research Institute of the Ministry of Industry and Information Technology of China publishes regularly, Bitcoin came in 11th place.The CCID began issuing periodic rankings of major cryptocurrencies in 2018, and currently includes 37 tokens in its evaluations.Each scores points in three categories: basic tech, applicability and creativity, to obtain an overall total index value.The results have sparked controversy from the outset, as the CCID appeared to favour Chinese Blockchain projects over decentralized alternatives including the original cryptocurrency, Bitcoin.Wednesdays indices were no different, with the top spot going to domestic platform EOS, which scored a total of 153.1 points. Bitcoin, by comparison, scored 103.Second place belonged to Ethereum, the largest altcoin by market cap, which achieved a total index score of 148.6. The other three spaces in the top five went to Tron, NULS and GXchain.Tron scored third highest despite the ongoing drama surrounding its creator, Justin Sun, who reports claim is under investigation by authorities over his business practises.Chinese Mining Heavyweight Eyes US IPO The CCID data comes as China-based cryptocurrency entities hit the headlines abroad this week. Long associated with the Bitcoin mining sector, the country appears set to lose ground to the US after major player Canaan Creative reportedly filed to undergo an initial public offering (IPO) in the country.The move, which is still unofficial, follows similar noises from competitor Bitmain, which hinted it was pursuing a similar process last month.Both companies had tried and failed to launch an IPO on the Hong Kong Stock Exchange late last year, at a time when the Bitcoin mining industry was suffering as BTC/USD hit $3100.Authorities in Beijing are already wary of Facebooks Libra stablecoin, which central bank officials earlier warned could have a detrimental effect on the Chinese economy if it were too closely pegged to the US dollar.A homegrown alternative could ultimately launch in future, the same sources said, something which the head of tech giant Huawei reiterated this week.China can just issue our own version of Libra. Why should we wait for others to do it? The power of a country is always stronger than that of an Internet company, said at a press conference in Italy.What do you think about the latest CCID rankings? Let us know in the comments below! Images via ShutterstockPublication date:07/31/2019 - 17:00Author:Anja van Oosterhout

Center for Information and Industry Development (CCID) in China has released their eleventh update of crypto project ranking report on Friday. The Center under China’s 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.

Ethereum [ETH] – Just this morning, China’s Ministry of Industry and Information Technology released blockchain ratings. These ratings were based on three criteria technology, innovation, and 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