According a new index established by the governmental China Center for Information Industry Development Ethereum is the top public blockchain on the market today, whilst the original cryptocurrency Bitcoin fails to make the top 10.
The Global Public Chain Assessment Index weighs blockchain technologies based on technological capabilities, utility, and innovativeness. Ethereum, issuer of cryptocurrency ether, earned a score of 129.4, compared with Bitcoin’s 88.
The creation of the index conforms to the Chinese government’s active interest in the cryptocurrency sector, which is valued at some $380 billion worldwide. China was the most active filer of blockchain patent applications in 2017, according to Reuters, despite the government cracking down on illegal initial coin offerings.