Crypto-currency In China: Bitcoin Drops To 17th Rank

[emma.lee1890]

Cryptocurrency in China is gaining high popularity as the government is revising the projects ranking from time to time. In the second run of the rating, there is an addition of two latest crypto projects. In the overall list of 30 virtual projects EOS tops the list leaving behind Ethereum to second place and Bitcoin on 17th position. The system is termed as Global Public Chain Technology Evaluation Index which includes crypto and blockchain events. They are ranking these coins based on centralization and the control they can have over them. Ethereum has been the most centralized coin and they plan on fully controlling its future specially with the creation of ETH ASIC machines for mining it they will soon control 100% of the mining power also and will dictate the future of it.

[Fenix]

There are different opinions regarding the centralization of ethereum. Including that the level of centralization of this coin is even lower than that of Bitcoin. However, we must agree that in its functionality Bitcoin is now in many ways inferior to other cryptocurrencies. This is especially true of its scalability. Seven transactions per second now does not paint the leader of cryptocurrency.

[Ahmedalab]

Including that the level of centralization of this coin is even lower than that of Bitcoin. However, we must agree that in its functionality Bitcoin is now in many ways inferior to other cryptocurrencies. This is especially true of its scalability. Seven transactions per second now does not paint the leader of cryptocurrency.

[Cutter Cute]

I prefer if you share a link from the source of information that you get from the article that you have read.
https://www.ccn.com/china-ranks-eos-as-the-1-blockchain-bitcoin-doesnt-make-top-ten/