New China CCID ranking: EOS #1, TRON #2 and Bitcoin #11

  • China’s CCID has published its new blockchain project ranking and, once again, EOS is in first position, followed by TRON and Ethereum.
  • In the ranking, Bitcoin fell to position 11. Overtaken by NEO and STEEM.
  • Justin Sun revealed that the TRON Virtual Machine has received three new features.

The Chinese Center for Information and Industrial Development (CCID) has published the sixteenth ranking of the best blockchain projects. The report is published once a month and compares the most prominent blockchain projects in various aspects.

EOS takes the crown and TRON displaces Ethereum

It is the first report of the year 2020 and the first positions are occupied by three DApp platforms: EOS has gained the first position for the third consecutive time. The platform has a score of 157.3 in the CCID ranking and is followed by TRON, in the second position with 139.6 and Ethereum with 136.1 to occupy the third position.

Since the last report published in December, the ranking has moved slightly. TRON took the second place that Ethereum had occupied previously. In addition, Bitcoin dropped out of the top 10 and fell 2 positions to number 11. The number one cryptocurrency by market capitalization was displaced by platforms like NEO and STEEM. The latter hosts the content platform Steemit, which has just entered into a cooperation with TRON.

Other projects that have moved in the ranking: Bitcoin Cash dropped to 34th place from 27th in the previous ranking. This position is now occupied by Stratis, followed by Monero in 28th place, Zcash (30), Cardano (32) and Tezos (33). In the previous ranking, Tezos was in the 26th place, and although the project has been among the best on the crypto market in recent months in terms of the price, it has been downgraded in the CCID ranking.

Twitter user and TRON community member Misha Lederman, celebrated TRON’s return to number 2. He also said that it is important to note that three DApp platforms lead the ranking. The TRON community member said the report is done by an agency that works directly with the Chinese government. Therefore, Lederman said that this is a sample of how the future will look for this sector.

New features for the TRON Virtual Machine

According to a tweet from TRON CEO Justin Sun, the platform incorporated three new features to its Virtual Machine. Sun revealed that on February 21, 2020 at 11:30 Singapore time, the proposal No. 32 was implemented. The platform will gain the following features: parallel signature verification, multi-signature verification and it will be able to distinguish if an address belongs to a certain contract.

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About Author

Reynaldo Marquez has closely followed the growth of Bitcoin and blockchain technology since 2016. He has since worked as a columnist on crypto coins covering advances, falls and rises in the market, bifurcations and developments. He believes that crypto coins and blockchain technology will have a great positive impact on people's lives.

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