China's New Crypto Ratings: EOS First, Ethereum Second, Bitcoin 17th

The Chinese federal has released a revision of its cryptocurrency rank, adding two new cryptocurrency tasks. Based on the revised standing, EOS is currently near the top of the list.

CCID's Standing System
China's Centre for Information Industry Development (CCID) shared its second regular Global Public String Technology Analysis Index on June 20 at the Shanghai Technology Hall, the Chinese language media reported.

The first index, released in-may 2018, included 28 jobs. The latest rating added EOS and Nebulas.

Based on the CCID Network, the center's mass media network under the Ministry of Industry and IT, the CCID People Chain Technology Analysis Working Group has created some changes to the standing composition of the index

The basic style of technology assessment hasn't transformed and the analysis work continues to be completed in three aspects: basic technology level, program level, and advancement capability.

EOS Rates First, Bitcoin Drops to 17th

EOS placed first, with the technology analysis index credit score of 161.5. Ethereum, which in the last period had considered the first place, is currently the next, with a blended report of 138.4.

Bitcoin's index is currently only 91.5, placing the pioneer cryptocurrency to the 17th place.

Corresponding to CCID, EOS rates first in conditions of sub-indicators including basic technology and technology capability.

The EOS main network travelled go on June 10. Although they experienced problems, including network stableness, they are highly lively in know-how, the CCID talks about.

Another recent addition to the standing is Nebulas, a fresh generation public string led by the Chinese language complex team. Nebulas rated 6th, with the index of 105.3.

Controversy Surrounding EOS

In June 2018, BTCManager reported a snapshot of EOS addresses unveiled that only ten wallets (accounts) carry over 496,735,539 tokens or amazing 49.67 percent of most one billion EOS tokens. Of the top so-called whales, the main one with the cheapest value organised 20.6 million EOS of $280 million at that time.

After these accounts, the 21 EOS stop producers made a decision to freeze several EOS accounts suspected of robbery, BTCManager reported.

The EOS911 effort, a safety standard protocol determined by stop manufacturer EOS42, says that users can promise stolen funds on the case-by-case basis. As the idea is significant for the broader crypto sector, your choice to freeze these seven wallets is a simple violation of the guidelines explained by the EOS constitution, which explicitly stipulates such decisions require those to be used by "arbitration bodies", with the stop producers merely performing an arbitrary decision.

This isn't the sole problem with EOS. Once they launched their main network on June 14, stressing statistics emerged regarding the EOS Block Maker elections.

One Redditor at the EOS Reddit Community mentioned Bitfinex received 50 percent of the votes from four whales. One voter even accounted for as much as 27 percent of votes for Bitfinex.

As BTCManager reported, EOS's consensus technique, while allowing the network members to possess their say in stop manufacturer elections, has nonetheless still left it susceptible to whales significantly skew the leads to certain block makers that contain control over the network.