The China Center for Information and Industry Development (CCID) under the Ministry of Industry and Information Technology of China released its 20th encryption project ranking.

This time, a total of 37 encryption projects were overall ranked and divided into three separate categories: basic technology, applicability, and creativity.

In general, the top four and the previous ranking remain unchanged, Dash replaced NEO in the fifth place. Bitcoin rose from 14th to 11th, while Bitcoin Cash rose from 30th to 29th. IOTA continues to rank lowest.

Bitcoin rises in China Research Institute's new cryptocurrency rankings

According to the center, the basic technology sub-index accounts for 65% of the total score, the applicability sub-index accounts for 20%, and the creativity sub-index accounts for 15%. The ranking and evaluation work is carried out every two months by the entity CCID (Qingdao) Blockchain Research Institute established by CCID, with the help of many organizations such as the CCID Think Tank and the China Software Evaluation Center.

What do you think of this cryptocurrency ranking? Let us know in the comments section below.

Picture Credits: Shutterstock, Pixabay, Wiki Commons, CCID

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