Ethereum tops China's Index as the leading digital currency
Image source: WorldSpectrum
The Chinese Government has released a Global Public Chain Assessment Index, ranks 28 blockchain projects monthly, with Ethereum, Steem topping the list while Bitcoin hangs at No. 13 (source: Reuters). The China Center for Information Industry Development (CCID) in Beijing created the index to better evaluate new projects for digital currencies.
The conference study held in Beijing identified the criteria for the identification of public chain index:
- Independent blockchain
- Public chain node can be freely created
- Open block browser and block information can be consulted
- Open source code
- Project homepage and the project team can be contacted
Source: CCID Group
Image source: coindoo
Ethereum is more than a security and a commodity
Ethereum is both a security and a commodity. Not only Ethereum is built on a decentralized blockchain, many Initial Coin Offering projects have smart contracts linked to start-ups. The US Securities and Exchange Commission (SEC) still lacks the core understanding of how digital currencies work:
"Right now [the SEC] are still grappling with it and for them the box that they play in is that they see all these cryptocurrencies as a security. But in reality not everything is a security. They want everything to play in that box." explained by William Mougayar, advisor to the Ethereum Foundation.
Source: cointelegraph - Ana Alexandre
Image source: flickr - fabiobini60 - Steve Jobs and Steve Wozniak
Ethereum's platform draw similarities to Apple
In a WeAreDevelopers Conference in Vienna, Steve Wozniak who co-founded Apple Computer Inc. gave Ethereum s thumbs-up as a growing platform where many things could be done. He said that in the long-term Ethereum can become just as influential as Apple is (source: cointelegraph - Ana Alexandre).
Wozniak is a supporter for Ethereum as well as Bitcoin, and he called the blockchain technology an IT revolution. Wozniak has also said that bitcoin ranks favorably to gold:
“Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”
Source: CCN - Josiah Wilmoth
As of today, Ethereum's price continues to rise against Bitcoin.
-tysler
Image source: coingecko ETH/BTC
Ethereum has highest market cap in the cryptocurrency world so it’s no surprise that there’s been a major influx of attention from investors.
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