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Chinese IT Ministry: Ethereum is #1 cryptocurrency

The rating of blockchain projects which has recently been announced by the Chinese government is launched - and to dismay of Bitcoin supporters, Ethereum holds the first place, whilst Satoshi Nakamoto’s creation is on place 13.

Steem, Lisk, NEO and Komodo are following the leader. Technology, application and innovation were three pillars on which the analysis has been conducted, China’s press outlets tell.

Criteria on which the government has composed a list of the best blockchain projects can be found in the previous material of Bitnewstoday on the topic. For fans of Bitcoin, this all means that this digital asset, while chronologically being the first and most known cryptocurrencies, should better learn the best features of its rivals in the future updates.

Weiss Ratings has also made an assessment of digital currencies. Ethereum has received B, while Bitcoin - a lesser C+. This has provoked a wave of discussions. Noteworthy to mention that powerful investors heading large companies sometimes praise Ethereum for its engine and structural enhancements, with David Rutter from R3 being the prime example.

Image: cryptoglobalist.com

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