New Crypto Ratings Index Disses Bitcoin, XRP and Litecoin

July 31, 2019

China’s Center for Information and Industry Development (CCID) just released its latest crypto ratings index. The government-sponsored index ranks the top cryptocurrencies according to the performance of their basic tech, applicability and creativity.

The index continues to place smart contract platforms at the top of the list, with EOS, Ethereum and Tron taking the first, second and third spots, respectively.

This list also highlight’s China’s lack of affection for pure digital currencies, placing three of the largest cryptocurrencies by market cap near the bottom of the list: Bitcoin at number 11, XRP at number 30 and Litecoin at number 33. This month’s rankings features two new additions: Cosmos and Zilliqa.

China continues to draw a hard line between blockchain and cryptocurrency.

The country is strongly encouraging enterprises to build on blockchain while simultaneously enforcing a strict ban on domestic cryptocurrency trading. At the same time, Bank of China recently released an explainer on Bitcoin with basic information about how it works and why it’s useful.

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