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Behind EOS and Ethereum, Bitcoin falls to 19th place in China Rankings



Behind EOS and Ethereum, Bitcoin falls to 19th place in China Rankings

The renowned cryptocurrency, Bitcoin has completed the ten year anniversary of the publishing of its white paper. An unknown person or people named Satoshi Nakamoto published the Bitcoin’s renowned white paper. In a ranking published in China monthly, Bitcoin is standing behind popular cryptocurrencies such as EOS and Ethereum. The cryptocurrency has fallen to the 19th place.

More about the report published by the Chinese Government on Blockchain

The China Electronic Information Industry Development (CCID), a Chinese government organization publishes an assessment rating for know cryptocurrencies and digital asset tokens. This is on purpose to rate them on their reliability, quality and more.

The name of the report is the Global Public Blockchain Technology Assessment Index, and this is the 6th edition of this government report. The reports this month witnessed the renowned cryptocurrency Bitcoin behind relatively newer cryptocurrency projects such as EOS.IO (EOS), Ethereum (ETH), Ripple (XRP), Stellar Lumen (XLM), Qtum (QTUM) and NEO.

A total of 33 renowned blockchain projects were judged on some crucial factors for the blockchain cryptocurrency. Some of the consequential categories on which the cryptocurrencies are the practical application, innovation, and the technology under the hood.

The report stated: “At present, EOS and Ethereum are undoubtedly the preferred platforms for Dapp development worldwide, and EOS is showing a stronger momentum. The data shows that EOS Dapp is highly active and user increments are large.”

It is evident that in August, Bitcoin was in the top ten cryptocurrencies in the Chinese Blockchain Report. Bitcoin kept falling, firstly by falling to the 17th place in the report of the last month of September. It had incurred a 92.5 index points on the blockchain assessment index. Furthermore, it fell further down to 19th place this month of October, with a 92.5 index points.

Furthermore, it is notable that Bitcoin Cash (BCH) did manage to get the 31st position on the ranking.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.