empty
 
 

2018.05.1800:23:00UTC+00 Ethereum Leading Public Blockchain in China’s New Index

Ethereum is the number one public blockchain in the cryptocurrency sector while bitcoin, the original digital currency, is ranked 13th, according to the Chinese government's first monthly Global Public Chain Assessment Index published on Thursday.

The index was made and released by the China Center for Information Industry Development, has 28 blockchain projects with their corresponding cryptocurrencies and will be updated monthly. Blockchain is the technology behind cryptocurrencies. It is a shared database that is maintained by a network of computers linked to the internet.

The department reviews the technological capability, usefulness of the app and innovativeness of the project.

The cryptocurrency sector currently has over 1,500 digital currencies, with total market value of almost $380 billion, according to coinmarketcap.com.

Ethereum, with a currency called ether, received a total score of 129.4. Ethereum has become the basis for majority of initial coin offerings. Start-ups mint their own digital currencies in ICOs to sell them to shareholders to raise financing for their projects.

On the other hand, Bitcoin, which has founded 10 years earlier, garnered a rating of 88 and placed at No. 13.

Steem, Lisk, NEO and Komodo blockchain projects held the second, third, fourth and fifth place respectively, receiving 115.9, 104.8, 103 and 101.5 separately.

Bitcoin was last trading at $8, 153.39 while Ethereum slumped 1.4 percent at $689.62.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback