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Chinese Ministry of Industry & Information Technology Ranks Ethereum as the World’s Best Blockchain Network

On Thursday May 17, 2018, a surprising new list from China’s Ministry of Industry and Information Technology shows Ethereum as the world’s best blockchain network. All of the public blockchain ratings were based on three criteria - technology, application, and innovation.

Bitcoin came in at #13.

The Chinese government’s latest public blockchain rating shows the top five being Ethereum, Steem, Lisk, NEO, and Komodo. All of the top five use smart contracts to process information.

The list for the top ten are as follows:

  1. Ethereum (ETH)
  2. Steem (STEEM)
  3. Lisk (LSK)
  4. Neo (NEO)
  5. Komodo (KMD)
  6. Stellar (XLM)
  7. Cardano (ADA)
  8. Iota (IOTA)
  9. Monero (XMR)
  10. Stratis (STRAT)

Many people who are big proponents of Bitcoin were surprised to see it listed at #13 alongside Verge (XVG), seeing that it is the father of all cryptocurrency. Also, both Bitcoin and Verge have some of the best developments in regards to confidential transactions, as well as Bitcoin Lightning Network, which allows Bitcoin to work similar to an Ethereum-like smart contract platform.

See the full list here.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee