The latest Chinese blockchain rankings put Steem inside the Top 10.
China just released their blockchain rankings for the month of August and Steem finds itself listed at #9.
Just ahead of the behemoth bitcoin.
A list of the Top 10 can be seen here:
(Source: https://www.ccn.com/chinas-latest-blockchain-rankings-pins-eos-on-top-bitcoin-at-10/)
Not quite as good as it sounds on first glance...
Steem ranked all the way up at #9 may sound like a big deal at first, but if you go back to prior months, steem was ranked higher in both the 2 previous months.
Which means that steem is actually sliding in the eyes of those doing the rankings.
Who are doing the rankings you might ask?
The rankings were created by the China Electronic Information Industry Development Research Institute and the China Software Testing Center, which features contributions from professors and researchers at the country’s most prestigious educational institutions including Tsinghua and Beijing University.
Some thoughts:
These rankings seem to be slanted heavily towards PoS platforms as technology and application are listed as two of the main categories.
PoS platforms currently scale better and the blocks have much better capacity than PoW platforms, thus likely giving them the leg up currently.
Which is the main reason why EOS is listed as the number one blockchain platform in the world.
Given all of that, it is surprising to see bitcoin climb from 17th all the way to 10th month over month.
Perhaps the better integration and adoption of SegWit helping reduce fees and unconfirmed transactions is playing a part in this.
Steem likely needs to start building some better apps (outside of flagship steemit.com), and start getting some real development done on the platform if it doesn't want to see itself slide further down in the monthly rankings.
SMTs could go a long way in that regard.
Stay informed my friends.
