Best Blockchain Network according to China: Hint–BTC is not #1!
Ministry of industry and information technology, China has released public blockchain ratings and surprisingly, bitcoin is not #1 on the list. The top 5 coins are Ethereum, Steem, Lisk, Neo and KMD. This is followed by Stellar Lumens, Cardano, IOTA, Monero and Stratis. Bitcoin ranks #13, trailing behind Qtum and Bitshares.
Interestingly, the top five cryptocurrencies make use of smart contracts to efficiently and securely process information in decentralized manner.
1-5: ETH, STEEM, LSK, NEO, KMD
6-10: XLM, ADA, IOTA, XMR, STRAT
11-15: QTUM, BTS, BTC, XVG, WAVES
16-20: ETC, XRP, DASH, SC, BCN
21-25：LTC, ARK, ZEC, NANO, BCH
26-28: DCR, HSR, XEM
Detailed scores of the first crypto ratings by CCID Research, China’s Ministry of Industry & Information Technology
4/ Detailed scores of the first crypto ratings by CCID Research, China’s Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge
— cnLedger (@cnLedger) May 17, 2018
Many were surprised to see Steem in top five as it is not a base layer blockchain tech which can be used to create Decentralized applications. Steem is a content distribution network like Reddit which runs on decentralized blockchain.
We were also surprised to see Monero on the top-10 list. This is because almost all governments have expressed their concerns about being capable of doing anonymous payments.