China’s Center for Information and Industry Development (CCID) which works under Xi-Jinping led Ministry of Industry and Information Technology, has released its latest publication of Global Public Blockchain Technology Assessment Index.
The index ranks around 35 Crypto projects based on three factors including basic technology, applicability, and creativity. According to the index, EOS secured the first rank as the best Cryptocurrency followed by Justin Sun led Tron (TRX) and Ethereum (ETH).
In terms of basic technology, EOS scored an impressive 103.7, making it the only cryptocurrency to cross the 100-mark. It received a score of 20.2 and 24.7 in applicability and creativity, respectively.
Image Source: CCID
The most shocking aspect was that Bitcoin, the largest cryptocurrency by market cap, did not even feature among the top 10. BTC ranked in the 12th following Chinese projects like NEO, Nebulas, Ontology, etc. Many Crypto experts believe that this report might be biased.
Tron came in second with a basic technology score of 95.6 and an applicability score of 24.3. It had the lowest creativity score of 24.1 among the top three.
The third-ranked cryptocurrency was Ethereum. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.
It is notable that the top three projects are smart contract based platforms, EOS and Tron have gained Dapp adoption due to scalability issues of Ethereum. This could be a plausible explanation for their higher ranking, but there are also other factors like decentralization and developer adoption where Ethereum is clearly superior to EOS and Tron.
Other major Cryptocurrencies like Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC) were ranked in the 17th. 29th and the 33rd position respectively.
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