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After Hard Fork, Ethereum Takes Second in China’s Blockchain Rankings

China’s state-backed tech workgroup has launched its fifteenth blockchain know-how evaluation, in which it promoted Ethereum to second place after its latest onerous fork.

The Middle for Info and Trade Improvement (CCID) launched the listing on Dec. 6, rating 35 belongings in complete.

Within the newest rankings, EOS stored its high spot, Ethereum moved from third to second, buying and selling locations with Tron (TRX). Bitcoin’s (BTC) community is ranked ninth, whereas Ripple didn’t even make the highest ten, coming in at 18th. 

Prime 20 blockchain networks per CCID’s 15th evaluation. Supply: CCID

Ethereum’s rise

Ethereum’s promotion will be attributed with a reasonable diploma of certainty to its latest community improve. Earlier than the onerous fork occurred, Ethereum co-founder Vitalik Buterin claimed that the community will attain over three,000 transactions per second after the replace.

The improve has additionally seen huge help, with a number of standard exchanges saying that they have been going to replace their nodes forward of the onerous fork. Nonetheless, some specialists declare that the replace shouldn’t be sufficient and that Ethereum is much from changing into the “world laptop” that it was marketed as.

China’s blockchain adoption

Latest experiences counsel that blockchain is more and more being developed and adopted in China. Simply yesterday, Cointelegraph reported that China plans to conduct the primary real-world take a look at of its central financial institution digital forex and that Financial institution of China issued 20 billion yuan ($2.eight billion) in blockchain-based bonds for small and micro-enterprises.

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