Tron (TRX) Ranked 2nd in China’s Latest Blockchain Rankings

China’s Ministry of Industry and Information Technology through its Center for Information and Industry Development (CCID), has released its 10th monthly crypto project rankings this past Tuesday, February 26th. A total of 35 projects were evaluated by the CCID this month of which EOS, Tron (TRX) and Ethereum (ETH) made the top three respectively. For Tron, this was the first time the project was ranked on the list by the CCID.

All projects are judged using three criteria: basic-technology, applicability and creativity. Individual scores in each category are then added in a weighted ‘total index’ that is used to rank the blockchain projects.

Tron’s Mainnet Upgrade to Version 3.5 Happening Today

Earlier today, Justin Sun reminded the Tron community that the network will be upgraded to version 3.5 today the 28th of February. (The upgrade should happen in the next 2 – 3 hours.)

The network upgrade plans on implementing the following 4 changes.

1. Addition of multi-signature features and account management
2. Dynamic energy adjustment to real-time network performance
3. 50% up performance and res usage
4. Better Virtual Machine safety

Upgrade is Tailor-Made for BitGo’s Institutional Clients

Of particular importance is the addition of multi-signature and account management features on the Tron network. This additional changes will fit right in with the services provided by Tron’s newest partner, BitGo. The latter is a leader in digital asset security, compliance and custody solutions that are focused on catering for the needs of Institutional clients. BitGo is the largest Bitcoin processor with over $15 Billion in crypto transactions per month. The firm also has over 300 clients in over 50 countries worldwide.

It is with this background that BitGo announced that it will be adding TRX support later this year. This then prompted the Tron foundation to add multi-signature and account management features on the network.

What are your thoughts on Tron making its debut at number 2 on the CCID’s blockchain rankings? Does this mean that Tron is better than its competitors such as Ethereum and NEO? Please let us know in the comment section below. 

[Feature image courtesy of BitGo.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.