The ratings placed Bitcoin in 16th place out of a monthly list of 31 cryptocurrency projects
For the second month in a row, EOS remains at the top of a monthly list of 31 cryptocurrency projects by the Chinese Center for Information Industry Development (CCID). Bitcoin has improved its ranking from 17 to 16, still below its May rating of 13. Bitcoin Cash moved from 28 to 25 place. NEM remains at the bottom of the list.
The CCID originally began releasing monthly crypto rankings in May of this year with a list of 28 projects. EOS and Nebulas were added to the list in June; GxChain was added this month (in 4th place, no less) bringing the total to 31.
Ratings Are Given Based Off of Innovation, Technology, and Application
The China Electronics News Agency (CENA) explained that CCID’s rankings are based on “comprehensive investigation and evaluation of the public chain from three aspects: basic technology, application and innovation.” CENA is the Ministry of Industry and Information Technology’s media agency.
4/ Detailed scores of the first crypto ratings by CCID Research, China's Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge
— cnLedger [Not giving away ETH] (@cnLedger) May 17, 2018
May’s rankings.
According to CENA, “The application [criteria] mainly examines the comprehensive ability of the public chain to support practical applications.” This includes capabilities for dapp development support and node deployment; Ethereum was the CCID’s top pick for this particular criteria and was at the top overall of the May list of rankings.
Bitcoin ranked first in terms of the innovation criteria, which “focuses on continuous innovation in public chain open source code, including the number of contributors, code updates, and code impact.”
— cnLedger [Not giving away ETH] (@cnLedger) May 12, 2018
The ratings have been the target of some online criticism. Eric Zhao, the man behind the @cnLedger Twitter account (which boasts more than 75.3k followers) said that the ratings were assigned by people who don’t understand blockchain. “Most old-school experts haven’t followed the crypto space long enough to grasp some of the traits of tech and community that can’t be found elsewhere,” he tweeted in May.
However, Zhao believes that the ratings may be “a sign that the officials are starting to treat crypto projects more like a neutral endeavour towards better technology and innovations, rather than just challenging the power and authority of banks and government.”
The ratings have also been compared to the controversial Weiss crypto ratings that were originally published earlier this year.
For the second month in a row, EOS remains at the top of a monthly list of 31 cryptocurrency projects by the Chinese Center for Information Industry Development (CCID). Bitcoin has improved its ranking from 17 to 16, still below its May rating of 13. Bitcoin Cash moved from 28 to 25 place. NEM remains at the bottom of the list.
The CCID originally began releasing monthly crypto rankings in May of this year with a list of 28 projects. EOS and Nebulas were added to the list in June; GxChain was added this month (in 4th place, no less) bringing the total to 31.
Ratings Are Given Based Off of Innovation, Technology, and Application
The China Electronics News Agency (CENA) explained that CCID’s rankings are based on “comprehensive investigation and evaluation of the public chain from three aspects: basic technology, application and innovation.” CENA is the Ministry of Industry and Information Technology’s media agency.
4/ Detailed scores of the first crypto ratings by CCID Research, China's Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge
— cnLedger [Not giving away ETH] (@cnLedger) May 17, 2018
May’s rankings.
According to CENA, “The application [criteria] mainly examines the comprehensive ability of the public chain to support practical applications.” This includes capabilities for dapp development support and node deployment; Ethereum was the CCID’s top pick for this particular criteria and was at the top overall of the May list of rankings.
Bitcoin ranked first in terms of the innovation criteria, which “focuses on continuous innovation in public chain open source code, including the number of contributors, code updates, and code impact.”
— cnLedger [Not giving away ETH] (@cnLedger) May 12, 2018
The ratings have been the target of some online criticism. Eric Zhao, the man behind the @cnLedger Twitter account (which boasts more than 75.3k followers) said that the ratings were assigned by people who don’t understand blockchain. “Most old-school experts haven’t followed the crypto space long enough to grasp some of the traits of tech and community that can’t be found elsewhere,” he tweeted in May.
However, Zhao believes that the ratings may be “a sign that the officials are starting to treat crypto projects more like a neutral endeavour towards better technology and innovations, rather than just challenging the power and authority of banks and government.”
The ratings have also been compared to the controversial Weiss crypto ratings that were originally published earlier this year.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Worldcoin Defies Regulatory Challenges: Seeks Partnership with OpenAI
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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