EOS stands 1st in CCID rankings, factors that strengthen the blockchain system

China’s Center for info trade and Development [CCID] recently free its third ranking of cryptocurrencies. it’s an inventory of thirty one cryptocurrency connected comes that were analyzed and listed consistent with its capabilities. Eos topped all different coins by a combined index of technologies, application and innovation.

On seventeenth could, the primary grading report of CCID was introduced. The list consisted of twenty eight cryptocurrencies. Ethereum stood 1st whereas Bitcoin was ignored from the list of high ten because it hierarchic #13. Eos and Nebulas hierarchic the very best among dead the second list that was free on twentieth june whereas within the recent third report of CCID, Eos was hierarchic #1.

The Global Public Chain Technology Assessment Index was organized and enforced by the CCID [Qingdao] Blockchain analysis Institute. it absolutely was collectively disbursed by variety of units as well as the CCID company underneath the China Electronic info trade Development analysis Institute and also the China package Testing Center.

As determined, within the CCID ranking sheet Eos ranks #1 followed by Nebulas and GXChain that rank second and third severally. Ethereum [ETH] stood first within the previous reports and currently has left the highest ten club whereas modern and Stellar have established their mark.

Bitcoin is positioned at #16 and Bitcoin money conjointly lags behind because it is hierarchic #25 out of the thirty one cryptographical types of cash mentioned.

China physical science agency [CENA] states that the rankings area unit supported a “comprehensive investigation and analysis of the general public chain from 3 aspects: basic technology, application, and innovation”.

They additional expressed saying:

“In terms of basic technical sub-indicators, EOS scored the highest.”

Not solely has the CCID been bolstering Eos, however the multi-billionaire electro-acoustic transducer Novogratz, in AN interview with the road spoke regarding EOS’s system and reinforced its use cases.

Novogratz could be a former hedge fund manager and founding father of Galaxy Digital. He spoke to ‘The Street’ concerning the “Herd of Institutional investors” being on their thanks to hit the market and supported EOS’s technology.

Block.one, the event company of EOSIO partnered with Novogratz’s Galaxy Digital platter. The gathering got along for a $325 million fund termed because the ‘EOSIO scheme Fund’. within the interview, Novogratz spoke regarding EOS’s accord formula and additional explained the delegated Proof of Stake [POS].

Mike explained that the Eos scheme is constructed on a blockchain that’s referred to as the “delegated proof of stake”. because of this, rather than having a lot of staking agents like others, they need picked solely twenty. Considering the staking agents [nodes] area unit twenty, they need the same range of powerful computing systems backing them up. He additional added:

“EOS blockchain will be much, much, much faster than the other blockchains. It’s already doing 5,000 transactions a second. It should be doing 50,000 transactions per second in a few months.”

EOS critics say that the technology isn’t suburbanized enough, that consistent with Novogratz could be a particularly reasonable dialogue. He believes that within the returning years, blockchain technology can see changes and maybe within the span of 4-5 years the planet can see the comes designed on them; on the premise of that users can place their trust.