Hong Kong, CHINA – EOS has bested Ethereum for the top spot in China’s blockchain beauty pageant. In it’s latest Global Public Chain Technology Evaluation Index, the China Center for Information Industry Development (CCID), a department under China’s Ministry of Culture, placed Ethereum, which had previously been ranked the world’s best blockchain, in second place, with upstart EOS taking the coveted top position. In what appears to be a monthly ranking of blockchains, EOS, which was unranked a month ago, has soared from nowhere to claim the top spot. Ethereum previously held the top spot last month. Bitcoin fell four spots to seventeenth place, from thirteenth previously. The rankings, published by the CCID, ranked blockchains on the basis of their “technology,” “application” and “innovation.”
The CCID blockchain evaluation team supposedly consists of “first-rate domestic experts and scholars,” yet one can’t help but wonder if the rankings are in any way politically motivated. Bitcoin, which has long been a thorn in Beijing’s side, has inexplicably fallen four spots, with no real change in the Bitcoin blockchain over the last four weeks. A press release issued by the CCID claims that the purpose of the rankings are to.
“Evaluate the technological capability, usefulness of application and innovation and development level of the projects to profoundly understand the trend of blockchain technology innovation.”
But if that is the stated aim of the CCID, it is odd that EOS would have claimed top spot, especially given that EOS’s entire platform was brought to its knees recently due to a technical roadblock over its consensus mechanism. While there have been no significant developments at, Alibaba-backed NEO, it still crept up one spot to land with a podium finish at number three, having placed fourth just last month. Alibaba founder Jack Ma is known to be close to the Chinese government and has long been a vocal sceptic of Bitcoin. Stellar rose two spots to number four and Lisk fell two spots to end at number five. EOS is held by two of China’s best performing crypto hedge funds, including, #HASHED and ChainFunder, which may also possibly explain it’s top ranking.