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China’s blockchain checklist: Bitcoin not in the top 10

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The Chain Technology Evaluation Index evaluates 37 public chains on the foundation of fundamental know-how, software and innovation

The 18th CCID Global Public Chain Technology Evaluation Index was launched by the China Electronics and Information Industry Development Institute yesterday.

The index is a complete checklist of 37 world well-known public chains ranked on the foundation of their technical dimensions. According to a report by Chainnews, EOS topped the prestigious checklist once more, with a complete rating of 150.6, whereas Bitcoin stood at 12th place with a rating of 106.2.

From March to May 2020, the variety of main updates in chosen public chain merchandise went down considerably.

Criteria for analysis

The analysis is carried out based mostly on three main standards — “basic technologies, applications and innovative force.”

The fundamental applied sciences part evaluates a mission’s perform, efficiency, safety and the decentralization achieved by the public chain. IOST topped the fundamental know-how standards in the newest checklist, intently adopted by EOS and TRON.

The purposes part assesses node deployment, pockets software improvement help and software implementation of the public chain. Ethereum maintained its top spot in the part with TRON and Nebula Chain at 2nd and third respectively.

Whereas the innovation part weighs the artistic elements of the public chains by way of analysing the scale of builders, code updates and code affect. Bitcoin stood at first place in the innovation class, adopted by Ethereum and EOS.

The complete rating is then decided based mostly on the weighted sum of the scores from all the sections.

Bitcoin confirmed enchancment

EOS ranked as the finest performing blockchain mission with an total rating of 156.1. TRON stood in second place with 138. 43 factors and Ethereum was an in depth third with 136.4 factors.

Bitcoin’s current place at quantity 12 on the index is a scale-up from its earlier rating at 14th place. At that point, Bitcoin scored solely 16.6 for applicability as in comparison with 21.3 in this newest checklist.

Interestingly, TRON has maintained a spot in the top 5 regardless of tense relations with Chinese authorities. TRON founder, Justin Sun, was not too long ago warned by Chinese authorities over suspicions on the platform’s legality.

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