By Margarita Vznuzdaeva
Verified
4 weeks ago
0

On Thursday, 20th of December, the Center for Information and Industry Development, that is under the authority of the Chinese Ministry of Industry and Information Technology, published its eighth update for the ranking of the crypto projects, News.Bitcoin.com reports.

Right now there are thirty four projects to be ranked and evaluated, with Ontology project as a new one in the list.

This project, according to its official webpage, performing as a framework supports public blockchain systems and can customize different public blockchains for various kinds of applications. As it comes from its position in the ranking, the new-born project demonstrates a high level of activity and performance on the market.


Its [Ontology’s] main network was launched in June 2018. In this assessment, Ontology has outstanding performance in basic technology and application, with a composite index of 112.6, ranking fourth in the [overall] list.

CCID, the quote from News.Bitcoin


The three leading positions are given to EOS, Ethereum and GXChain. The new appearing Ontology project is in fourth place with Komodo. Bitcoin continues losing its spots, moving from the 13th place in November to the 18th one at the moment.

Evaluation criteria

The following ranking is based on three categories that are aggregated in the final step. These categories are basic technology, applicability and innovation.

Looking through the separate evaluations, EOS, Bitshares, Steem, Gxchain, and Ontology were listed as the best ones in the basic technology section.

Ethereum, NEO, Ontology, Nebulas, and Qtum are the top December projects for their applicability.


The applicability [category] mainly evaluates the comprehensive level of public chain support for practical applications, including node deployment, wallet application, development support and application implementation.

CCID, the quote from News.Bitcoin


BTC, EOS, Ethereum, Komodo, and Cardano were given top-5 places for their innovativeness.