Tezos and NULS to Be Included in the Upcoming Chinese Blockchain Rankings
The Chinese government’s China Electronic Information Industry Development (CCID) department has released the list of blockchain projects to be included in its upcoming rankings, which is slated for release on August 17.
Two notable projects have been added to the list: Tezos (XTZ) and Nuls (NULS). The CCID notes that in order to be included in their rankings list, blockchain projects must meet the following criteria:
- Have own independent main chain
- Public chain nodes can be freely created
- Must include public browser and block information can be reviewed
- The code is open source
- Must have a functioning website and team contact information
Tezos is a blockchain platform that boasts a number of next-generation features, including the ability to essentially self-evolve by upgrading itself over time without having to hardfork and cause a divide in the community. While the platform is similar to Ethereum in its ability to support smart contracts and decentralized applications (DApps), Tezos takes the technology a step further through the implementation of formal verification to prove the validity of smart contracts. The Tezos betanet was launched in July 2018 after closing a $232 million ICO.
Nuls, which launched its mainnet in early July, is an open-source project with a highly customizable modular blockchain infrastructure that supports smart contracts and parallel expansion. Nuls’ leverages a two-part design that includes microkernels, which provide the underlying mechanisms for the network, and functional modules supported by hot plugging. This ultimately enables modules to be added or removed during an operation, allowing for a cost-efficient and customizable blockchain platform.
XTZ and NULS are currently ranked 17th and 84th, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens. While the price of XTZ remains flat on the day, NULS is up 17%.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.