EOS stays atop with a little drop in grading as Bitcoin gets a higher grade and rating in the latest cryptocurrency ranking of the Chinese Center for Information Industry Development (CCID).
Center for Information Industry Development (CCID) Cryptocurrency Ranking
According to an upgraded ranking of the Center for Information Industry Development (CCID) an organization under the China Ministry of Industry and Information Technology, EOS remains the top cryptocurrency, ahead of others. And Bitcoin, the top valued cryptocurrency in the world, being ranked by market capitalization, gains more rating. This was posted on Monday based on its new area of assessing the blockchain tech implementation by different cryptocurrencies.
The previous rankings of the Center for Information Industry Development (CCID) rated the Bitcoin low, usually below the top ten cryptocurrencies. However, the latest rating places the Bitcoin in the top ten as it jumps over six other cryptocurrencies to achieve its new height.
According to the rating report, concerning innovation sub-indicators, Bitcoin recent code update seems to be very active. This saw Bitcoin getting a score of 40.3 which shoots the cryptocurrency project into its lead. The previous index rated the top five most innovative cryptocurrency as EOS, Bitcoin, Bitcoin Cash, Hcash, and Stratis.
The EOS still tops the rating of the CCID. EOS gets this because of the basic technology that distinguished it from other cryptocurrencies. However, despite the rating, it has lost some points in the creative column. The drop in creative column witnessed a decline from 44.1 rating in July to 36.7.
The CCID stated in the report that the basic technology that makes the EOS tops its chart mainly assesses the technical level of the public chain that has been launched. Further, the basic assessment includes functions, performance, safety, and decentralization, which consists of the 65% of the comprehensive evaluation of its rating.
The EOS Blockchain Decentralization Dilemma
One of the most attractive factors of cryptocurrency is the decentralized nature. The distributed ledger of cryptocurrency makes transactions external influence resistant. Once a person makes a transaction, it can not be disrupted by an external person.
One of the rating factors of the technology is the decentralized feature which is a bit elusive on the EOS blockchain technology. There is a partial form of centralization on the blockchain. This is stated to give a medium for reversing any malicious form of transactions on the blockchain, to protect the network.
Conclusively, Tezos cryptocurrency was also rated to have outstanding innovation by the CCID.