China will release its own ranking of cryptocurrencies

China will release its own ranking of cryptocurrencies

Despite the ban on the activities of the cryptocurrency exchanges in the country, the Chinese government continues to monitor the cryptocurrency industry and, apparently, is not going to abandon development of the blockchain.

In the official press release issued about the impending report said the following:

This report will be based on independent analysis of cryptocurrency and blockchain projects, which shows confidence of the Chinese government in blockchain technology. It will also serve as a guide for both governmental and commercial and research organizations.

At the moment, Beijing is closely monitoring the cryptocurrency 30 projects. Among them: Bitcoin, Ethereum, Ripoco [Ripple], Litecoin, Bitcoin, Cash, Cardano, Starcoin, NEO, Ioota, Monroe Currency, Dash, New Currency, Ethereum Classic, Chain Quantum, Nano, Application, Chain, Big Zero Coin, Verge, Stratis, Cloud Storage, Stimco, Stock Bit, Bitcoin, Coin, Decred, Super Cash hcash, Komodo, ARK.

The standards by which promising cryptocurrency projects include the following:

First, the project has a private blockchain chain; second, it provides the possibility of creating a public gcd; thirdly, the project has a browser which you can use to work with the network; fourth, the project is open source; the fifth is the site of the project, and the team can be contacted.

The goal of the ranking, which will appear in the near future, is “assessment of technological capabilities, usefulness and application of innovation project”.

The rankings will the Chinese Institute for the development of electronic information industry, and the rating should appear on the Institute’s website soon.

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