Bitcoin (BTC) significantly improved its position when the Chinese government revised its official cryptocurrency rankings.
Bitcoin, which had dropped to 16th place in July, jumped to No. 10 this month making it to the top 10 list for the first time.
China's Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, released the second edition of its state-endorsed cryptocurrency and Blockchain ratings.
The index was launched in May, with 28 projects listed in it. Five more cryptocurrencies were added to the list since then. NULS and Tezos were added in the August edition.
NULS "is a blockchain infrastructure for customized services," consisting of "microkernels and functional modules," CCID says. "Tezos also has outstanding features in technological innovation."
Chinese altcoin EOS tops the fourth monthly Global Public Chain Technology Evaluation Index, which consists of 33 crypto projects.
Ethereum, which was rated No. 1 in the inaugural edition, fell to second place. It is followed by Komodo, Nebulas, NEO, and Stellar.
Three public chains that have risen the fastest in ranking were Komodo, Nano and Bitcoin.
The Chinese government is issuing cryptocurrency rating index despite the fact that cryptocurrency trading and Initial Coin Offerings (ICO) are banned in the country.
The CCID Network said it is bringing out Global Public Chain Technology Evaluation Index in the absence of a "completely independent assessment/rating" for crypto assets and blockchain projects.
by Joji Xavier
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