Over the past few months, the China Electronic Information Industry Development (CCID) Research Institute has been releasing monthly ratings for the top Blockchains.
EOS and Ethereum have usually taken the top spots, with Bitcoin usually down the list.
That hasn’t changed in its August rankings, with EOS rated as the leading Blockchain once again. EOS was awarded the top spot despite complications Block.One faced during its mainnet launch of the EOS platform, which shows that CCID believes in the project.
EOS leads for the third month in a row
Even though Ethereum was the top Blockchain in CCID’s first ratings, it has lost its spot to EOS over the past three months. The EOS Blockchain has been ranked above all of the blockchain projects on the market for the third month running.
EOS is followed by Ethereum and Komodo. Here is the complete list of CCID’s August 2018 ranking:
Bitcoin rises in latest rankings
Bitcoin has gone up significantly in the latest rankings. Last month, Bitcoin’s Blockchain was placed at 16 but is now ranked as the 10th best.
The CCID examines three different categories to rate projects:
- application; and
Bitcoin wasn’t the only one that was affected in the latest rankings. Nebulas dropped to one position to No. 4 while Komodo took a sharp rise to No. 3. Some projects like Ethereum, NEO and Stellar have retained their previous positions.
Cardano taking the number 14 spot comes as a surprise to many as it is considered to be the second biggest proof-of-stake (PoS) blockchain network in market valuation.
EOS continues to dominate due to its advanced PoS consensus algorithm.
The fact that Ethereum and EOS have been leading the ratings since it started points to the fact that smart contract protocols and blockchain networks designed to support decentralized applications (dApps) are rated higher in the CCID rankings.
This is due to the technology and application scoring categories. The rise in Bitcoin’s ratings comes as a surprise since there have been no foundation or monumental changes in the Bitcoin network.
What causes changes in the rankings of the blockchain projects is still unknown, as there haven’t been any trackable trends over the past four months that could give us a pattern.
The ranking doesn’t affect their cryptocurrencies, thus it is best to use caution when using these rankings as metrics for buying or trading cryptocurrencies.
The CCID receives contributions from researchers and professors of China’s most prestigious educational institutions.