China ranks Ethereum #1 blockchain network, as Bitcoin trails behind

UPDATED: China’s Ministry of Industry and Information Technology has released its first public blockchain ratings, after an independent monthly analysis of cryptocurrencies was announced earlier this month.

While Ethereum comes out on top with an overall rating of 129.4, the biggest surprise is Bitcoin’s place at #13, scoring just 88.1 in comparison. The networks are ranked by ‘technology’, ‘application’ and ‘innovation’. The top 10 is as follows:

1 – Ethereum
2 – Steem
3 – Lisk
4 – NEO
5 – Komodo
6 – Stellar
7 – Cardano
8 – IOTA
9 – Monero
10 – Stratis

The first round of assessments looked at cryptocurrencies including Ark, Bitcoin, Bitcoin Cash, BitShares, ByteCoin, Cardano, Dash, Decred, Ethereum, Ethereum Classic, Hcash, IOTA, Komodo, Lisk, Litecoin, Monero, NANO, NEM, NEO, QTUM, Ripple, Siacoin, Steem, Stellar, Stratis, Verge, Waves and Zcash.

The aim of the index is to provide a guide for governments, enterprise and research institutes across the world.

“It’s refreshing to see working tech and apps being recognised in a world of hype,” said Kadan Stadelmann, CTO at Komodo in response to its fifth place ranking. “Our decentralised exchange, BarterDEX, was first to support over 95 per cent of all coins and tokens in existence. We’re about to soft launch its user-friendly interface, HyperDEX, which means users will be able to trade tokens peer to peer, wallet to wallet, without giving up control of their private keys.”