China’s Ministry of Industry and Information Technology released rankings of 28 cryptocurrencies and blockchains based on technology, application, and innovation.
China’s Ministry of Industry and Information Technology released its ranking of 28 of the world’s leading cryptocurrencies and the blockchains that power them today, including bitcoin, Ethereum, and Steem. While it evaluated and ranked each based on technology, application, and innovation, it didn’t publish the method by which it determined those rankings or the highest possible score.
Ethereum ranked first with a total score of 129.4, which can be attributed to a score of 80.3 in the technology category. Steem came in second, with its largest score – 82.6 – in the technology category. Surprisingly, bitcoin, the world’s most popular digital currency, ranked 13th out of 28 coins, mostly because of its low 13.1 application score.