Verge (XVG) Ties Bitcoin (BTC) In China’s New Crypto Rating

In a Cryptocurrency raking issued by a research institute at the Ministry of Industry and Information Technology, China, the crypto don, Bitcoin was not really recognized as it was ranked 13th alongside, Verge (XVG), the secure and anonymous Cryptocurrency.

The listing which was tagged “global public-owned chain technology evaluation index and ranking” placed 28 Cryptocurrencies head-to-head in the table while Ethereum took the lead with a smart contract function technology assessment index of 129.4.

Steem and Lisk according to the table took position 2 and 3 respectively, as Cardano and IOTA were also levelled to position 7. Stellar in the table was in position 6 while Monero and Stratis took sits 9 and 10.

According to the release, the evaluation of the global public-private chain technology was done with a focus on the basic technical level, application level and innovation ability of the public chain.

NEO on position four in the table was given much recognition in the use of smart contract, placing it atop in application assessment because the altcoin has been able to use smart contracts to automate the management of digital assets, and it moves around the world to created solutions.

Examining the evaluation, observers have opined that China is still behind in the area of ​​technological innovation as NEO is the only top-ranked public-chain projects in the listing.

As much as the evaluation is done on both public and private chain, the public chains on the list include are Styme chain, the application chain, NEO and Komodo.

Other altcoins included in the evaluation placed in position 16-28 includes:

Ether Classics, Reverb Chain, Dash, Cloud Storage Chain, Bitcoin, Litecoin, Ark, Big Zero Coin, Nano, Bit Cash, Decred, Super cash and new chain.

While it is ambiguous why China released the rating, some have opined that the country may be making move to give Cryptocurrency another chance after shutting down all exchanges and banned all form of domestic trading in the country last year.

It is believed that the release, which is the world’s first technology-focused public chain assessment index issued intermittently on monthly basis will help enhance the grasp of blockchain technology in innovating.

See Original Post

Author: Yusuff Olayode Supoto

Disclaimer: The Top Crypto Feed website is a crypto news portal, financial discussion forum, and content curator/aggregator. Articles on are provided for entertainment and informational purposes only. We are not an investment advisor and do not provide financial advice.

We can’t always review and verify all articles posted on Top Crypto Feed. Please independently research and verify any information found here before relying on it as fact. It’s also important to do proper due diligence and analysis, including consulting a professional financial advisor, before making any decision regarding investments or your personal finances. No content on Top Crypto Feed constitutes a recommendation to enter in any type of investment or to engage in any investment strategy presented on this website.

We will be happy to hear your thoughts

Leave a reply