Does H5 Contain Ranking System?

I have searched the forums and haven’t really seen much talk about it. If so, what are the gametypes?

Is the ranking system similar to H2/H3, or closer to Reach? Did not play H4 or H5 yet so curious how it has evolved. Also, do many H2/H3 players play the new game?

First post on the new forum system. Thank you for your feedback, please discuss.

A lot of information in here: Halo 5 ranks. Hopefully that will answer all of your questions.
Play 10 games of a playlist - you get a rank in that playlist. Keep on playing and that rank will either stay the same or rise/drop depending on your continued performance.