China released an updated version of the cryptocurrency rating for November 2018

The Center for the Development of the Information Technology Industry (CIID), part of the Ministry of Industry and Information Technology of China, has published an updated version of its cryptocurrency rating project – already the seventh in a row. The number of estimated projects was 33 and did not change from the previous release. This writes Bitcoin.com .

EOS continues to occupy the first line, Ethereum – the second. Both projects retain their positions from June. It is noteworthy that Bitcoin, previously recognized by Chinese experts as the nineteenth best cryptocurrency, climbed to the thirteenth place.

Bitcoin Cash , however, amid its recent controversial hard fork, dropped one position and now ranks twenty-ninth. Decred closed the list, and above it was NEM , which was previously in the last position.

33 crypto-projects were evaluated on the basis of their technological component, practical significance and ideological potential, and also received general assessments. In terms of ideological potential, Bitcoin takes the leading position, technological capabilities – EOS, practical value – Ethereum.

CCID notes that it is constantly improving its own assessment model based on the recommendations of the working groups and consultants.

According to analysts, they adhere to three basic principles :

• First, “indicators should be applied to all objects assessed, not selectively.”
• Secondly, “the proposed indicators should be related to technological innovations in public blockchains”.
• Third, “the indicators themselves can be assessed”.

“The CCID research institute for blockchain issues will also issue a detailed expert report and a report on the development of application solutions in the context of public blockchains. In addition, we will launch a consulting service and give a technological assessment of public blockchains, ”the experts assured.