Weiss Crypto Ratings, a financial rating agency, questioned the low position of Bitcoin and the high position of EOS in the recently updated crypto ranking by China’s Center for Information and Industry Development (CCID). According to Weiss Crypto Ratings, Bitcoin was ranked 11th while EOS was put in the first place mostly because the Chinese “like centralization.”
The agency also blamed CCID for being “state-backed,” and China’s general stance against Bitcoin is common knowledge.
As Weiss Crypto Ratings shared on Twitter, China would never use BTC, as its openness, decentralization, and censorship-resistance contradict major Chinese State values.
According to the latest installment of the CCID crypto ranking, EOS kept its first position, while Tron replaced Ethereum and became #2. As for Weiss Crypto Ratings, they evaluate Bitcoin and Ethereum as top cryptocurrencies, which both have B- rating. They are followed by EOS and IOTA, which got a C+.
Interestingly, though Weiss Crypto Ratings criticized EOS for centralization, they still put it in 3rd place in their own ranking.