Bitcoin Leading in a New China Crypto Ranking

China is the latest country to have updated its Cryptocurrency ranking, adding two new projects to the list that it had last month. In this new list, one of the Cryptocurrencies that has greatly improved is none other than Bitcoin Core – BTC. For the first time, Bitcoin Core has made it in the list of top ten Cryptocurrencies. The virtual currency projects are normally ranked in three main categories namely, innovation, application, and technology.

The Crypto Projects Ranked

This entire project of Cryptocurrency ranking is undertaken by China’s Center for Information Industry Development (CCID), which officially works under China’s Ministry of Industry & Information Technology.

The new list that was released in August 2018 contained a total of 33 cryptos, two more new ones in this August edition. The new ones this month were Nebulas and EOS. In July 2018, one new crypto project known as Gxchain was added. Tezos and NULS.

Bitcoin Making Headlines for the First Time

For the first time since the agency began ranking the virtual coins in China, Bitcoin made headlines as one of the leading virtual coins. In the listing that was done last month, Bitcoin made it to the 16th position.

And it has moved all the way to position 10 in the latest ratings. The leading crypto in that list is none other than EOS, and closely followed by Ethereum. In a detailed explanation that CCID later gave, the assessment is carried out majorly examines the primary technology, innovation, and application of the public chains.

The new model is just the same as the one that was released last year with few revisions on certain data accounting methods.

While looking at the composite index, EOS led the three public chains that had the highest increase in scores compared to the rankings that were done previously. In that list, EOS was closely followed by Nano and Komodo. The three public chains that had risen too fast in the ranking were Komodo, followed by Nano and Bitcoin.

Bitcoin’s Lead and other New Addition

In terms of innovation sub-indicators, the China’s Center for Information Industry Development elaborated that the recent code update by Bitcoin is very active. It, therefore, earned the project a score of 40.3% in this particular category.

This was the highest in the entire list. While the general ranking places EOS at the top position, it places BTC at the tenth position and Bitcoin Cash at the 29th position. Stratis is at the 13th position while Hcash is at 30th spot.

It is, however, important to note that the top five most improved Cryptos in terms of innovation are EOS, followed by Bitcoin, BTC, HCash, and Stratis. Tezos and NULS, which are the latest Cryptos to be added in that list made their debut in the 21st and 28th spots in that order.

Tezos, for instance, is a Blockchain infrastructure that is used for customized services. It is made up of functional modules and microkernels.