China Announces the Fourth “Block Chain Rating” | Bitcoin Leaps Forward from 16th Place

China’s Center for Information Industry Development (CCID), which is an administrative agency that oversees the Ministry of Industry and Information Technology, announced the first trial of the “International Public Chain Technology Evaluation Index” in May.

This indicator is a “technology-based evaluation index” of blockchains used in cryptocurrencies evaluated by experts in the Government of China, private companies, and educational institutions, and is updated once a month.

The 4th International Public Chain Technology Evaluation Index was released on August 17th in Beijing.

Komodo, which ranked third this time, is a currency that was created by forking from Zcash.

It uses the protocol of Zcash and has been improving its anonymity, allowing users to process their transactions either anonymously or publicly.

Its function as an ICO platform, in addition to issuing legal tender as a peg currency that can be traded anonymously, makes it a highly functioning gateway to legal tender.


Appearing for the first time, NULS ranked 21st.

Nuls plans on implementing smart contracts, multi-chain systems, and cross-chain consensus, and is designed to make it easier for companies to adopt blockchain technology.

Moreover, its flexibility allows users to reconfigure the modules, making it useful for developing applications as well.

One other characteristic is its usage of a unique approval method called PoC (Proof of Credit).

Tezos, also appearing for the first time, ranked 28th.

Tezos is a distributed application (dApps) platform project that began in 2014.

As a platform, the purpose of Tezos is to overcome the weaknesses of existing cryptocurrency systems such as Bitcoin.

For this reason, it takes scalability and hard forks into consideration, and since new and old systems are compatible in terms of changes in the system and protocol, it claims that there is no need for hard forks.