EOS Once Again Reigned Supreme In China’s Blockchain Rankings EOS — the fifth-largest cryptocurrency — once again ruled in the third round of public blockchain rankings released by the Chinese government. The rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks as per three measurements, generally deciphered as technology, pertinence, and innovation, which were then accumulated into an overall index score. In spite of the fact that scoring below its peers on pertinence, EOS drove the rankings with an index score of 145.6 because of solid showings in both the technology and innovation. EOS’ consensus algorithm inspires the evaluators plainly. It uses a Delegated Proof-of-Stake (DPoS) model to prioritize scaling and speed to the detriment of some level of decentralization. The rankings supported projects that use DPoS or federated consensus models, which offer snappier and less expensive transactions however prompt more reactions identified with centralization. EOS Tops China’s Blockchain Rankings For Second-Straight Month Ethereum is an exception to that rule, which as of now utilizes a Proof-of-Work (PoW) consensus algorithm but has published a guide detailing a future change to the more energy-efficient Proof-of-Stake (PoS). This bodes well, as at least one Chinese government official has contended openly that blockchains should be centralized, however, in reasonableness, none of these open cryptocurrency networks are as centralized as what that authority accepts is ideal. As reported by CCN, EOS also topped the rundown in the last edition of the CCID rankings, in spite of the fact that — days earlier — its network had slowed down for few hours after experiencing a critical bug. This bug was settled relatively rapidly, however, a few different incidents have brought up issues about the cryptocurrency’s on-chain governance model and particularly its constitution. Eminently, the gap amongst EOS and second-place Ethereum limited in the recently published rankings as EOS’s score tumbled from 161.5 to 145.6 and Ethereum’s held relatively enduring, checking in at 137.3 for the month of July. The post EOS Once Again Reigned Supreme In China’s Blockchain Rankings appeared first on OWLT Market.

EOS — the fifth-largest cryptocurrency — once again ruled in the third round of public blockchain rankings released by the Chinese government.

The rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks as per three measurements, generally deciphered as technology, pertinence, and innovation, which were then accumulated into an overall index score.

In spite of the fact that scoring below its peers on pertinence, EOS drove the rankings with an index score of 145.6 because of solid showings in both the technology and innovation.

EOS’ consensus algorithm inspires the evaluators plainly. It uses a Delegated Proof-of-Stake (DPoS) model to prioritize scaling and speed to the detriment of some level of decentralization. The rankings supported projects that use DPoS or federated consensus models, which offer snappier and less expensive transactions however prompt more reactions identified with centralization.

EOS Tops China’s Blockchain Rankings For Second-Straight Month

Ethereum is an exception to that rule, which as of now utilizes a Proof-of-Work (PoW) consensus algorithm but has published a guide detailing a future change to the more energy-efficient Proof-of-Stake (PoS).

This bodes well, as at least one Chinese government official has contended openly that blockchains should be centralized, however, in reasonableness, none of these open cryptocurrency networks are as centralized as what that authority accepts is ideal.

As reported by CCN, EOS also topped the rundown in the last edition of the CCID rankings, in spite of the fact that — days earlier — its network had slowed down for few hours after experiencing a critical bug. This bug was settled relatively rapidly, however, a few different incidents have brought up issues about the cryptocurrency’s on-chain governance model and particularly its constitution.

Eminently, the gap amongst EOS and second-place Ethereum limited in the recently published rankings as EOS’s score tumbled from 161.5 to 145.6 and Ethereum’s held relatively enduring, checking in at 137.3 for the month of July.

The post EOS Once Again Reigned Supreme In China’s Blockchain Rankings appeared first on OWLT Market.

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