Fundamental analytics

Chinese Ministry of Communications and Industry put the Ethereum on the 1st place, Bitcoin ranked 13th position


Today interesting enough information for reflection has come from China. The Ministry of Industry and Information Technology of China has published ratings of the main public block of networks and digital currencies. The rating is compiled on the basis of three criteria: technology, application and innovation of the network.

It is interesting that the Chinese government rated Ethereum as the best network of blockchain network in the world and put it at number 1.

The top five included Ethereum, Steem, Lisk, NEO and Komodo, all of them use smart contracts for efficient and safe processing of information in a decentralized manner.

Adding Steem to the top five of the Chinese government network rating was unexpected for the community, because unlike Lisk and NEO, Steem is not a blockchain technology that can be used to create decentralized applications. Steem is a content distribution platform.

Another unexpected addition to the top 10 ratings was Monero under number 9. Recently, several governments, including the Japanese government and its financial services agency (FSA), expressed their concern over a number of crypto currencies such as Monero and Zcash that are capable of processing anonymous payments , which may be associated with money laundering and criminal activities.

Further even more interesting fact was the place of bitcoin on this list. The Chinese Ministry placed the world's cryptocurrency just under 13th number. This is somewhat strange because bitcoin has the most reliable reputation and the longest history as the safest and most capitalized crypto currency in the world market.

Despite the curiosity of the information and the wide discussion of this list in the fields of the crypto community forums, this information did not have any impact on today's trading activity. The activity of the digital market today is minimal through the week, crypto instruments are within yesterday's levels. Shortly before the start of the American trading session, bitcoin trades at 8 200 per coin, and ethereum price is around $683.


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