Crypto Community Roars In response to the Chinese Scathing Ranking Bitcoin


Bitcoin Hammered In CCID Ranking

It seems that China's development of the electronic information industry (CCID) is again present with (yet another) crypto ranking. If it was not already bad enough, it was obviously worsening in the March meal, as the group squeezed the beloved Bitcoin (BTC) into this hammer industry.

Chinese cryptography, bitcoin

Bitcoin fell from 13 to 15 years old, as it was broken into an application department. On the other side of the proverbial coin, EOS, Tron and Ethereum got a nice boost, because their creativity and basic technology points brought them a strong tail. In the middle there were projects such as NEO, Steem, Lisk, Stellar, among them whose ratings were neither spectacular nor scary.

Crypto community up in arms

While some TRX, EOS and ETH were the most optimistic (many of them) in love with ratings, some were skeptical. Mike Dudas from the block complained that the Chinese government and FlipsideCrypto should use the same algorithm, pointing to the debacle in which this subject broke the BTC and praised the aforementioned smart contract platforms.

Joseph Young, the leading crypto journalist, said in a recent CCN article that the ranking should ideally be merely a reference, rather than a "final block classification". criteria focused on technology, usability and creativity.

Since Bitcoin is the world's first blockchain, with limited assumptions and raison d 'ether, the position in the aforementioned ranking scheme is quite low. However, this does not mean that the BTC does not have the right look for an example of use in the real world. Far from. In fact, the argument was that cryptowood is the best digital content in the world and the only one that really needs it. Even if it's not the end of all and there are all examples of using the block, it would be hard to doubt the pull that Bitcoin acquired.

Just search for evidence for institutions. Some of the main companies that looked into this area focused their efforts on Bitcoin and Ethereum, more on the first than on the other. Fidelity Investments first started to implement the custodian and trading platform for Bitcoin, as it is weighting to add other digital assets.

Bakkt will also focus his efforts on the leading crypto. While the ICE-supported platform was postponed several times, it became clear that the physically delivered BTC futures vehicle would be the first company based on the Atlanta project, as Bitcoin will get the most demand and love from its wide customer base. The same applies to other industries.

Of course, the ranking at CCID can be quite fair for the list of standards it uses, but it would be hard to deny that the BTC is still booming. And at the end of the day, who really listens to the Chinese agency's concerns about the cryptographic space? The topic is actually banned in the country …

Photo: FuYong Hua at Unsplash

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