The Chinese Blockchain Research Institute (CCID) publishes a ranking of the top blockchains at irregular intervals. The 19th edition is the most recent, and has been ongoing for more than a year. The last publication was in April 2020. The ranking gives points to different blockchains according to: Applicability, Basic-tech, and Creativity.
NEO
NEO is often referred to as the Chinese Ethereum. Originally known as ANT Shares, it was renamed NEO in 2017. The coin gained a lot of attention in 2017 and rose to number 20 among cryptocurrencies by market capital. NEO announced last year the implementation of a new consensus mechanism called dBFT 2.0. The project supports smart contracts like Ethereum. NEO currently ranks at #21 on Coingecko.
Tron
Tron is a dPoS-project. The majority of the software used to manage the network’s node was developed in China. Justin Sun, the CEO of Tron Foundation, is well-known in crypto for his excessive marketing. Tron was ranked #2 in the last ranking and had to give up 2 spots to get to #4. Tron currently ranks at #17 on Coingecko.
IOST
IOST is the largest winner in the Top 5. The project was still at #5 in the previous ranking but was able to move up 2 spots. IOST is a smart contract-supporting platform based on the Proof of Believability consensus mechanism. PoB is a variant of Proof of Stake that uses additional criteria to determine the influence of individual Nodes. IOST currently ranks #110 on Coingecko.
Ethereum
Ethereum also managed to take one spot in the ranking. Today, most DeFi-platforms build on Ethereum. Ethereum was the first blockchain to bring Turing complete decentralized program (Smart Contracts), to the blockchain world. Despite scaling problems, Ethereum has the largest developer community in the blockchain world. These issues should be resolved with Ethereum 2.0. Ethereum is second in market capitalization to Bitcoin.
Rating of CCID
EOS is still ranked number 1. EOS has remained at number 1 since the start of this ranking. EOS is a dPoS cryptocurrency whose node software, EOSIO, is being developed and maintained by Daniel Larimer. He is also known as the father of Bitshares or Steem. EOS’s unique feature is its high data throughput and own resources model. This model relies on the possession (staked EOS CPU, Network, RAM, and Network) of resources instead of charging fees for access to the network. The most significant development in EOS is the Voice social media platform.
China’s Bitcoin
Yesterday, as documented by Blockonomi, Xinhua, released a whole article on Bitcoin.
This article, whose title roughly means “Bitcoin: THE INITIAL Successful Application of Blockchain Technologies, xinhua’s readership most likely ranges in the a large number of millions.
Unfortunately, though, here’s why.
BAD for Bitcoin?
It’s no top secret that China has grown to dislike Bitcoin. As the nation’s head, cryptocurrencies remain largely limited; the bans on Bitcoin investing, cryptocurrency events, ICOs, specific media outlets,
It will maybe come as no real surprise then that these Xinhua content about Bitcoin wasn’t completely optimistic. Sure, for just one,
Mind of Fidelity-affiliated Avon Ventures, a cryptocurrency venture fund, Alex Thorn reminded to his supporters that this article, while explaining the intricacies of Bitcoin quite nicely, calls the cryptocurrency “extremely concentrated/centralized” phenomena, a thing that is bad for the environment, and is something “most of all” useful for black market transactions.
In addition, it asserted that the cryptocurrency marketplaces are hyper-volatile – a characteristic that pundits like Facebook’s David Marcus state make Bitcoin unviable as an electronic foreign currency, despite its youth to, state, the U.S. dollar – and the theory that Bitcoin might be a tulip bubble, a thing that mainstream economists often state it is.
•centralized
•bad for climate
•only used for black marketplace txs
In other information, black is white, up is definitely down, and China is wonderful for the environment, not at all centralized, and 100% just does great. https://t.co/ivzOKu35sO
很高兴知道
You should note that this isn’t the very first time a state-affiliated actor has tried to bash Bitcoin through articles. Per previous reports from Blockonomi, the People’s Daily, another state-run outlet (categorised as circumstances mouthpiece by Western media), reminded the Chinese that Xi’s support for blockchain will not mean support for cryptocurrency:
“The rise of blockchain technology was associated with that of cryptocurrencies, but innovation in blockchain technology will not mean we have to speculate in virtual currencies.”
This short article also purportedly called cryptocurrencies a term that directly means “air coins,” Chinese slang for “s**tcoins,” in accordance with some involved with China’s cryptocurrency space on Twitter.
China’s seeming attempts to discredit Bitcoin come prior to the launch of a sovereign cryptocurrency. It isn’t a stretch of the imagination to assume, then, that China is utilizing anti-Bitcoin rhetoric to push the viability of a Chinese yuan-backed or -based digital asset.
Cases in Media
In the bid to stimulate the true economy through blockchain apps, the Investor and CAPITAL RAISING arm of People’s Regular Online-People Capital, has entered right into a strategic partnership contract with the Shenzhen-based Xunlei Small, according to an official news release.
The worldwide partnership agreement between People Funds and Xunlei had been signed on July 22, 2018. It and was initially disclosed at the China-US Business owner and Expense Summit hosted by the People’s Regular Online in Silicon Valley, California.
Within the agreement signed by both parties may be the plan to set up a laboratory for “technology innovation” and serving as an element of the People’s Capital Blockchain Research Institute. The collaboration of both entities will undoubtedly be geared towards exploring the use of blockchain technology to integrate its innovative system across different businesses.