Published On: Thu, May 17th, 2018

China Releases Cryptocurrency Grades: Ranks Ethereum 1st and Bitcoin 13th

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The China government produced its public Blockchain and cryptocurrency ratings May 17, placing Ethereum top of the list of 28 cryptocurrencies under inspection.
Echoes Of Weiss?
The ratings, which rank an initial tranche of 28 assets by three criteria – technology, application and innovation – come courtesy of what Beijing referred to as “domestic experts” earlier this month.
The project is under the control of the Ministry of Industry and Information Technology’s China Electronic Information Industry Development department (CCID).

Having only announced ratings plans at a Beijing conference May 11, the results have appeared in record time, but may be set to frustrate certain members of cryptocurrency industry as China’s experts ranked Bitcoin in thirteenth place.
Even more curiously, below Ethereum at the number one spot, second came Steem, the crypto token used by the Steemit social network.
These were followed by Lisk, NEO and Komodo respectively. NEM’s XEM token came in at twenty-eighth place.
Ethereum ‘Typical’ Says Chinese Press
“The results show that the typical representative of the second-generation blockchain technology is Ethereum’s technology assessment index with a smart contract function of 129.4, ranking first in the assessment list, and the …

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