IOST Ranks #1 in Basic Tech & Rises to #3 in the CCID Global Index
On August 26, 2020, the Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 19th CCID Global Public Blockchain Technology Assessment Index, comprehensively assessing and ranking 37 well-known public blockchain projects in the world.
In this evaluation period, IOST ranks FIRST in the basic technology sub-index and took third place in the overall ranking! IOST has, again, moved up a spot in the global ranking compared to the previous period.
CCID started conducting its Global Public Chain Technology Evaluation at the beginning of 2018. It is organized and implemented by CCID (Qingdao) Blockchain Research Institute Co., Ltd., a subsidiary of China’s Ministry of Industry and Information Technology. The evaluation work is carried out in collaboration with several organizations, such as CCIDWise network security research institute, China Software Evaluation Center, “Cyberspace Security” magazine, etc. which are updated every two months.
CCID (Qingdao) Blockchain Research Institute is an independent legal entity approved by the Ministry of Industry and the Ministry of Information Technology and established by China’s Ministry of Industry and Information Technology. CCID is an organization specialized in blockchain consulting and technical services and also part of the Secretariat of China Blockchain Ecosystem Alliance.
#3 in the CCID Global Index
In addition to the overall ranking, the CCID center assesses the crypto projects based on three categories: basic technology, applicability, and creativity.
- Basic technology evaluates the technical realization level of the public chain. The main evaluation points include functionality, performance, security, and decentralization. This sub-index weighs 65% of the total index.
- Applicability evaluates the comprehensive level of support for actual applications. The main four aspects are: node deployment, wallet application, development support, and application implementation, this sub-index weighs 20% of the total index.
- Innovation evaluates the continuous innovation of the public chain. The evaluation points include the scale of developers, code update, and code influence, this sub-index weighs 15% of the total index.
In the 19th ranking, IOST ranked #3 in the global index by virtue of its first-class basic technology which is ranked #1, high-level practical application development, and continuous technological innovation, moving up one spot as from the previous evaluation.
#1 in Basic technology
For basic technology, IOST ranked first with a score of 111.9. This sub-index mainly evaluates the technical realization, functionality, performance, security, and decentralization as described before, categories in which IOST has obvious advantages over other public chains.
- World’s first decentralized scalable platform that can simultaneously support thousands of nodes and high TPS
- Developer friendly
- 0 security issues after mainnet launch
- Original PoB consensus mechanism to ensure high decentralization of IOST blockchain network
#5 in Applicability
For applicability, in this period, IOST’s score has increased significantly, moving up 3 spots as from the previous evaluation and ranking now 5th globally.
As described before, the level of support for actual applications, node deployment, wallet application, development support, and application implementation is evaluated in this sub-index.
At present, there are more than 400 partner nodes in the IOST mainnet from around 20 countries around the world, that are jointly building a prosperous IOST ecosystem.
In August 2020, the IOST Foundation took another big step in launching a new incentive plan- the DeFi Incentive Program 2.0- an $USD 6 Million-Fund to give a further boost to the continuous innovation of the DeFi on IOST. The total fund dedicated to IOST DeFi projects has increased to $USD 7 million now!
Finally, we would like to express our gratitude from here to the Ministry of Industry and Information Technology, CCID, and all community members for their recognition. IOST will keep working persistently to achieve better results!
At the same time, we welcome developers and blockchain enthusiasts to join the IOST ecosystem, work with us to build the world’s first decentralized blockchain project based on scalability, and let’s build together the world’s largest decentralized system!
About IOST
Supported by Sequoia, Matrix, ZhenFund, and other world-class investors, IOST is an enterprise-level blockchain platform developed for online service providers and is now considered one of the Big Four public chains in the industry alongside Ethereum, EOS, and Tron.
The IOST project team is currently mainly composed of R&D personnel focusing on blockchain distributed technology. The team is formed by more than 50 blockchain industry experts who have graduated from world top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University, and have more than three years of blockchain-related research experience.
With a one-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, and over 400 nodes, top staking economy, and growing.
If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:
- International English Telegram Group: https://t.me/officialios
- IOST Announcement Channel: https://t.me/iost_announcements
- IOST Official Twitter: https://twitter.com/IOST_Official
- IOST CTO Terry Wang Twitter: https://twitter.com/terrence_iost
- IOST CEO Jimmy Zhong Twitter: https://twitter.com/jimmyzhong_iost
- Slack Developer Community: https://invite.iost.io
- Uptrennd: https://www.uptrennd.com/iost
- Reddit: https://www.reddit.com/r/IOStoken
- Facebook Page: https://www.facebook.com/IOSTofficial/
- Facebook Group: http://bit.ly/IOST-FB-Group
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