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China Releases Blockchain Ranking List Despite ICO and Trading Ban

News
China Releases Blockchain Ranking List Despite ICO and Trading Ban

Despite enacting a ban on initial coin offerings and cryptocurrency trading in September 2017, the Chinese government has published a ranking of the world’s top blockchain platforms.

A cryptocurrency ranking index called the Global Public Chain Assessment Index released on Thursday by the China Center for Information Industry Development, part of China’s Ministry of Industry and Information Technology, ranks Ethereum as the world’s best cryptocurrency platform, while resigning Bitcoin to thirteenth place.

The index, which ranks a total of 28 blockchain projects and is set to be released monthly, evaluates blockchain platforms in three categories: technological capability, usefulness, and innovativeness.

Vitalik Buterin’s Ethereum platform garnered an overall score of 129.4 with positive reviews in all three categories. Steem, Lisk, NEO and Komodo rounded out the top five platform on the index. Bitcoin, the original cryptocurrency, came in at thirteenth place on the index with a score of 88.

Although the Center for Information Industry Development has made plans to expand their new monthly index, the ranking doesn’t even come close to covering the full spectrum of blockchain projects. The cryptocurrency space currently has over 1,500 tokens and a market cap of over $380 billion.

18 May 2018

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