Here Is Why the Chinese Government Ranks EOS (EOS) Higher Than Ethereum



Despite the Chinese Government’s total ban on all crypto related activities within its jurisdictions, it has now issued a second ranking of blockchain platforms through the China Electronic Information Industry Development (CCID). The new rankings show that EOS (EOS) has outclassed Ethereum (ETH) in terms of being the best blockchain platform available around the globe.

CCID Rankings. Source, medium.com/@coinness

As earlier mentioned, this is the second time the organization has issued these rankings. The first time, Ethereum (ETH) topped the list as the best blockchain platform according to the three criteria of technology, application, and innovation. EOS tops the list this time around, in the categories of technology and innovation. NEO managed to rank higher than any other platforms in terms of applicability of the blockchain. Bitcoin managed to lead in the category of innovation.

This new ranking is not without controversy for the EOS platform has witnessed several incidences since the platform went live earlier this month. The first one was the discovery of a serious security bug a few days before the MainNet went live. The second hurdle for EOS came when there was a delay in attaining the 15% quota for staking tokens to allow for voting on the platform. Once that was accomplished, another bug brought the platform to a screeching halt with transactions being frozen globally on the platform.

Due to the fact that the EOS constitution had not been ratified by the time the platform paused, the Block Producers froze 7 vulnerable accounts that could have resulted in the loss of funds on the platform. A total of 27 accounts have since been frozen.

With the EOS constitution yet to be ratified, the decision to freeze the said accounts has caused a lot of outcry as well as admiration for the swift response by the newly appointed EOS Core Arbitration Forum (ECAF) that was set up to resolve disputes in the community. ECAF is the entity that ordered the Block Producers to freeze the 27 accounts. Either side of the argument can at least have a reason to be bullish about EOS with the new rankings by the CCID showing that the platform has a bright future ahead.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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