IOST outperforms TRON to rank third on a global blockchain index
- IOST has ranked third on the Global Public Chain Technology Evaluation Index.
- The rank indicates the growth of the IOST project in recent times.
- IOST is followed by TRON, Neo and Cosmos in the index.
China Electronics and Information Industry Development Institute (CCID) has recently released the 19th issue the Global Public Chain Technology Evaluation Index. IOST has secured the third spot in the list, following EOS and Ethereum. This marks a significant milestone for IOST, signifying the growth of the project in recent times.
IOST’s basic technology has secured 111.9 points, the highest among 37 blockchain entities that were evaluated. Under the basic technology criteria, the CCID assesses factors like the project’s decentralization quotient, security, overall features and performance.
Terence Wang, the co-founder of IOST, took to Twitter to share the news.
Great news! IOST shows continuous improvement in the CCID Global Ranking.
— Terrence Wang (@terrence_iost) August 26, 2020
Our General Ranking is up 1 spot to #3 from the previous ranking, & we remain #1 in Basic tech among 37 top public blockchains! #IOST #blockchain #crypto #ranking #CCID #DeFi #DeFionIOST pic.twitter.com/0ax3F91FOf
The index in question ranks the blockchain projects based on technology, applicability and creativity. Notably, TRON has ranked fourth in the index, followed by Neo, Cosmos and Qtum.
IOST/USDT daily chart
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IOST/USDT has had a bullish start to Friday following three straight bearish days. Currently, IOST/USDT is trading for 0.006429. There are two strong resistance levels at 0.006568 and 0.006833 (SMA 20). Along with that, there are two healthy support levels at 0.006295 (SMA 50) and 0.006141.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
