New China CCID Blockchain Rankings Still Have EOS Number 1, ETH Second and Bitcoin Top 15

2019-1-27 00:11

Even though the use of cryptocurrency is banned in China, the Chinese government still stays in the loop of the latest blockchain happenings. With this in mind, the government has released a new list of rankings of the popular blockchains.

The list was released on January 24, 2019, by China’s Center for Information and Industry Development (CCID) and has some surprising appearances and snubs.

The Rankings

EOS take the top spot in the rankings and surprisingly, Bitcoin is ranked 15th despite being the blockchain of the most popular cryptocurrency in the world.

EOS has previously been ranked in the top spot in the previous list. The ranking system works on a monthly basis with lists being released at the same rate. This is the ninth list to come out and EOS has held the top spot for eight of them. However, EOS has been embroiled in some controversy in the last few months as there have been allegations of transactions on the network being reversed.

Back in November 2018, a Reddit user posted screenshots showing that some of his transactions has been revered by Ben Gates, one of the platforms arbitrators, who responded by making reference to the EOS constitution, saying,

“Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rule that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed.”

Another consistent platform is Ethereum, which has been ranked in second place a number of times, which is ironic considering EOS, which is consistently ranked in first place, is considered an ‘Ethereum Killer’.

Ethereum has faced some challenges of its own in recent times, announcing the postponement of its hard fork till February 2019.

“Seems we're going with block 7.28M for the #Ethereum Constantinople refork scheduled for the 27th of February! Will be a single fork on mainnet and a post-Constantinople-fixup fork on the testnets to get them back in line feature wise with the main network,” a tweet by team lead at Ethereum, Peter Szilagyi, said.

The reason for the postponement was the discovery of a vulnerability in the Constantinople code which leaves the system vulnerable to a reentrancy attack.

Even though Bitcoin isn’t ranked as highly as others, it has seen some improvement as it previously held the 18th spot but has now moved three points upwards.

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