Nebulas in the Top Three of MIIT’s Public Blockchain Evaluation list

Today (Beijing Time, July 20, 2018), the China Center for Information Industry Development (CCID) Institute of Blockchain Research under the Ministry of Industry and Information Technology published their third phase evaluation of the public blockchain projects.

Nebulas ranked 3rd on the index with a total score of 108.8.

The CCID Research Institute mainly evaluates the three dimensions of a blockchain, including technology, application, and innovation. It judges 31 of the world’s most influential public blockchain projects by these traits.

According to CCID’s third evaluation, Nebulas stands out in the core indexes mentioned above and its application index also ranks 3rd worldwide.

Compared with the second phase evaluation, Nebulas has made important progress this time — from the sixth place to third place, highlighting the public chain feature of Nebulas. Some insiders believe that there are several reasons behind Nebulas’ progress, among which their technical advantage plays a vital role. As the next generation of public blockchain which aims at a continuously improving ecosystem, Nebulas embraces the unique value measurement system, the future-oriented incentive, and consensus mechanism, as well as self-evolving ability to avoid hard forks. Nebulas mainnet (Eagle Nebula 1.0) is the only public chain using LLVM technology. In addition, Nebulas owns a more stable and secure system, with the transaction ability of 2000 transactions per second (TPS).

CCID Blockchain Research Institute believes that a public chain and DApp (decentralized application) structure will be an important business form in the future. In the current evaluation model, public chains with the smart contract function will receive higher scores. Compared with the second evaluation, the DApp quantity has been added to the application index. Nebulas, thanks to the two-month Nebulas Incentive Program, has more than 6000 DApps running on its mainnet, which surpasses Ethereum, and more quality DApps continue emerging. All these factors make Nebulas the third place in this evaluation.

With the rapid growth of blockchain, China is now paying more and more attention to technical innovation within the blockchain industry, and the government continues to release favorable policies as well.

CCID Global Public Chain Technology Evaluation of MIIT is the world’s first blockchain evaluation index released by a professional organization. The release of the evaluation index provides an authoritative dynamic reference for the blockchain industry and is also conductive in guiding the orderly growth of blockchain.

According to the information previously released, the current public chain technology evaluation will not accept social applications. The evaluation object will be selected by the Public Chain Technology Evaluation Team. It is expected that an application channel will be provided by August and it will accept applications from the public chain projects.

Nebulas will continue to build on this achievement and continue to work hard to build a sustainable and healthy public chain ecosystem.