The said list was part of the Global Public Chain Technology Evaluation Index, which was to be done every month, as promised by the Chinese government in May through the China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology. The said list was announced at the Shanghai Science Hall on June 20.
As the index stated, 30 cryptocurrencies were analyzed and listed, with EOS taking the top spot, while Ethereum went immediately at second place. Consequently, Bitcoin (BTC) fell at 17th place, which surprised many in the crypto world who read the news.
Despite experiencing a ‘pause’ on its mainnet on June 15 and receiving flak from the crypto community, EOS was given the top spot for the “outstanding technical advantages in transaction confirmation efficiency, network throughput, and transaction costs” of the said blockchain. Ethereum came in second, proving that the Chinese government places value on its considerable advantages over the others.
The index was released by the Chinese government to provide a comprehensive assessment of many prominent cryptocurrencies’ differences and unique qualities, thereby giving additional data for future reference.