Steem continues to score well when compared to other cryptocurrency projects.
The Chinese Electronic Information Industry Development (CCID) Blockchain Research Institute just released their second ever independent cryptocurrency ratings.
Steem ranked as the 7th best cryptocurrency in existence based on 3 major criteria:
Last month, the CCID released their first ever cryptocurrency rankings and steem was ranked as high as 2nd place.
In fact, the fallout from that ranking is what led to this post:
https://steemit.com/steem/@jrcornel/open-letter-to-iamjosephyoung-and-ccn-regarding-steem
Unfortunately Mr. Joseph Young has not yet written a piece about steem and interviewed Ned, but I am still hopeful he will.
What criteria are the ratings based upon?
It appears the ratings are broken down into three broad categories:
Technology, application, and innovation.
Steem scored very well in the technology section, but scored poorly in the application section, and slightly above average in the technology section.
In fact, the top 5 in each section go like this:
Technology: EOS, Steem, Ethereum, BitShares, Stellar
Application: NEO, Ethereum, Qtum, Stellar, Nebulas
Innovation: EOS, Bitcoin, Cardano, Ethereum, Litecoin
EOS scored as the best cryptocurrency in the world mostly because of its technology and innovation. The ratings team had this to say about why EOS was their top choice:
"Because of its potential to support commercial distributed applications, [EOS] is considered by the industry to be a typical representative of Blockchain 3.0."
(Source: https://www.coindesk.com/chinas-crypto-ratings-index-puts-eos-in-top-slot-drops-bitcoin/)
Notably, bitcoin scored surprisingly low, coming in at number 17 overall. It was ranked 13th in last months ranking, suffering mostly due to its technology rating.
My takeaways:
This tells me that steem has great technology behind it, which we all knew, but really hasn't been able to do much with it yet.
Which is somewhat surprising considering steemit.com could be considered as mostly successful based on several metrics.
Hopefully when SMTs are eventually launched, we will see some more application for steem.
That being said, steem still ranked as the 7th best cryptocurrency yet it trades with the 35th largest market cap...
Something about that doesn't seem to add up to me, what about you?
Stay informed my friends.
Follow me: @jrcornel
This list is very biased in favor of EOS, I mean the technology ratings are off the chart. How much better is EOS than IOTA in terms of tech, or innovation? I like Steem but that list is aweful
Yea I am not sure what their scale goes up to. I looks to be points based as opposed to having a scale.
We're all big believers in Steem here, the market cap should be higher I don't think people realize how good of an investment it is. You can delegate or sell votes for a 23 percent return. Steem is also twice the volume of king ETH but 1/100 the market cap
Is it only 23%?
CCID = Crypto Currency Indeed 👍🧐👍
The point with good rankings of STEEM, but not as much good market cap is the thing! About EOS, it just can't be that high with so little application....And with Bitcoin as well... so low, just rediculous.
Yes the rankings don't really align with the market cap ranking. This is one of several reports recently that have applauded steem for it's tech, yet its market cap remains behind 34 other projects.
Great post and very nice bitcoin crypto.. thanks for sharing this Post...
You can take me, but you will never take my bunghole, Hm heh.... For I am the Great Cornholio Hm heh I have no bunghole, hm heh...
Thank you dear @cornholio
We're #7! We're #7!
Maybe steem needs to put out a PR.
LOL Stop the presses!
This will be the first comment on here from a human.
EOS 102? Higher than 100?
Lol.
Steem nice. Ripple XRP will be in the top 5 next year for sure.
Your project be succes
Very nice bitcoin crypto. I like it bitcoin. I appreciate your busy..sir, your Post @upvote and @resteemit done.
Beautiful crypto
Sir, your Post @upvote and @resteemit done.
Most informative...
Excellent sir
I agree with the ranking and the post...what I don’t understand is why Steem still is at the 32nd position of the crypto market...something we must be doing wrongly here
Anyway, Steem is one of the most promising altcoin in the crypto sphere
Steem on!
It's number 35.
:-(
Great post and very nice bitcoin crypto.. thanks for sharing this Post.
Things seem to look up for us. Great. Let's keep pushing.
It is an interesting great new to be part of this community!
love this post . thanks for sharing this Post
Steemit remained one of the authentic content sharing platforms in crypto sphere. Necessary action has to be taken to make it last long.
Excellent anything positive is a welcome. Its no surprise though as this steem / steemit has lots of potential.