U.Today Franchise
F2Pool
0
📰 News
2742 views

EOS Remains in First Place on China's Updated Crypto Rankings. What About Tron, Ethereum and Other Coins?

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Alex Dovbnya
    📰 News

    EOS grabs the crown once again on the CCID's rankings while Tron surpasses Ethereum

EOS Remains in First Place on China's Updated Crypto Rankings. What About Tron, Ethereum and Other Coins?
Cover image via www.123rf.com
Contents

The Chinese CCID Research Institute has published its 14th update of cryptocurrency rankings, which gives each Blockchain project a separate score based on its technology, applicability, and creativity. The new list features 35 coins.      

👉MUST READ

Russia and China Are Buying Gold, Not Bitcoin: Gabelli Analyst

Russia and China Are Buying Gold, Not Bitcoin: Gabelli Analyst

EOS rules the roost

Unsurprisingly, EOS, the ultimate leader in the CCID's rankings, remains in the first place with 151.8 points. The coin experienced a slight decline compared to the previous report where it scored 153.1.    

As reported by U.Today, EOS was also named the best cryptocurrency by Weiss Cryptocurrency Ratings, which provoked a massive spike in the token's price.     

Meanwhile, Ethereum ceded ground to Tron -- these coins getting 141.0 and 135.8 points respectively. The second biggest coin by market cap is now below Tron in each department ave for applicability, but the difference is only 0.9 points. 
        

👉MUST READ

NEO Price Skyrockets by More Than 45 Percent, Leading Massive China Coins' Rally

NEO Price Skyrockets by More Than 45 Percent, Leading Massive China Coins' Rally

A different perspective

The CCID uses an obscure methodology, which is not in line with other agencies, which made its ratings pretty much irrelevant. 

However, with the latest news about China's President Xi Jinping embracing Blockchain and the massive surge of Chinese coins (Tron alone pumped by more than 30 percent), things have completely changed. 

China has made it clear that it wants to have a dominant role in the Blockchain industry even though Bitcoin remains officially banned in the communist state. 

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
CLOUD MININGPromoted
0
📰 News
115 views

EOS Downgraded by Weiss Crypto Ratings Again, Here’s Why

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Yuri Molchan
    📰 News

    The Weiss Ratings agency brings down the EOS score, putting it lower than previously, despite the “great respect for work and thinking that went into the EOS project”

EOS Downgraded by Weiss Crypto Ratings Again, Here’s Why
Cover image via 123rf.com
Contents

The highly reputed agency Weiss Ratings downgrades the EOS project from B to C and spreads the word about it on its official Twitter page. The post promises a full article to come out soon and so far just explains the reasons for this decision.

Second downgrade this year

Earlier this year, in June, U.Today reported that Weiss Ratings brought down the score of EOS. Back then, the reason was ‘a serious problem with centralization’ as the agency said in the tweet. The agency made it clear that they were expecting Cardano to take the place of EOS as a fully decentralized DLT project.

Before the score of EOS had beeb brought down first time, EOS stood above both Bitcoin and Ethereum on the Weiss Ratings scale.

'Failure to decentralize'

This time, Weiss Ratings is downgrading the technological score of EOS for yet the same reason – lack of decentralization. The tweet says that the main problem is that 68 percent of the voting power on EOS belongs to just 0.01 percent of the token holders (100 of them, to be exact).

The agency urges the community to realize that the behemoths of the crypto world – Bitcoin and Ethereum – should not be considered technologically inferior.

‘Cardano is vastly superior to EOS’

In the middle of November, on Twitter Weiss Ratings went on with praising the Cardano chain over EOS, saying that the former is ‘vastly superior’ to the latter.

However, EOS remains coin number one in Chinese ratings.

👉MUST READ

EOS.IO Blockchain’s Daniel Larimer Told How He Will Solve CPU Issues on EOS Network

EOS.IO Blockchain’s Daniel Larimer Told How He Will Solve CPU Issues on EOS Network

Recent EOS congestion difficulties

As reported by U.Today, since early November the EOS network has been facing severe congestion difficulties due to the EIDOS app. And its airdrop through the network. At present, users need to have a minimum of 100 EOS staked to perform transactions on this blockchain.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
CLOUD MININGPromoted