The crypto mining and trading in China was once a buzzing activity which now has fallen down.With the strict stance of Chinese government on crypto currencies , many of the miners have chosen to move out of the country.
As per the third round of public blockchain rankings released by China, EOS once again remained at the top.
EOS is currently trading at $ 8.10
EOS TASTING VICTORY CONSECUTIVELY FOR THE SECOND MONTH
China Electronic Information Industry Development (CCID)has published these rankings.The evaluation of public Blockchain networks has been done on the basis of applicability, innovation and technology.All these were compiled into an index score.
EOS failed to score above its counterparts on applicability , it still secured top position in the ranking with an index score of up to 145.6. It stayed much strong in both technology and innovation category which contributed in reaching to the top.
EOS’ consensus algorithm was much impressive since it utilizes a Delegated Proof of Stake model(DPoS) Which although lacks on part of decentralization but prioritizes scaling and speed. The rankings seem to favor projects with the federated consensus model or DPoS as they offer cheaper and quicker transactions. They remain at receiving end for the criticism associated with centralization.
BITCOIN LOST GLORY IN THE RANKINGS
EOS successfully gained the top position in the last list of CCID rankings even after encountering a critical bug which stalled its network for multiple hours. There had been a sudden rise on apprehensions/questions about EOS’ on-chain governance model and its constitution post the bug and other issues.
Interestingly the wide gap between EOS and ethereum has narrowed in the latest ranking as EOS score came to 145.6 from 161.5. While Ethereum scored 137.3 for the month of July.
As per the CCID public blockchain networks rankings , the top positions were held by :
9.Waves and Komodo