Cardano's technology is superior, show Weiss Ratings
Cardano's technology is superior, show Weiss Ratings
- The technology of Cardano is etherum according to Weiss Ratings, which also show that polkadot, tezos and cosmos are ahead of the Altcoin king. However,
- Ethereum is still the overall leader if other aspects such as acceptance and market performance are taken into account, with Bitcoin being in second place.
According to Weiss Ratings, Cardano Ethereum's technology is superior. In its technology, Cardano is currently rated as "excellent", with Ethereum's technology being described as "good". Other cryptocurrency projects that rank over the leading old coins are Polkadot - whose founder Gavin Wood was a co -founder of Ethereum - as well as Fantom, Cosmos and Tezos. However, Ethereum is still the king, with other factors such as acceptance that drive it up. Bitcoin ranks in second place.
DOGECOIN, despite Elon Musk's participation, is classified as "very weak"
According to Weiss Crypto, the subsidiary of the rating company focused on digital assets, Ethereum achieves an overall rating of A-. It is a leader in acceptance and in second place in the market performance. Bitcoin takes second place with a B rating, followed by Stellar and Cardano with B-. Ripple, Litecoin, Zcash, Dash, Monero and Dogecoin all get a C+.
It is noteworthy that Dogecoin's technology is classified as "very weak". This despite the fact that the Doge developers revealed a few weeks ago that they have been working with Elon Musk for years to improve the technology and make them suitable for payments.
The two leading privacy coins dash and Monero are also classified as "weak" with regard to their technology. According to reports, Monero has become increasingly popular with cybercriminals in the last few weeks after the BTC's confiscation, which was paid to the hackers of the Colonial Pipeline as a ransom. It seems that, despite their technological elite, some hackers still didn't know that BTC was traceable and not at all anonymous.
connected: Hacker turn to Monero
after the fbi confiscated Bitcoin by the FBIThe white crypto ratings are updated weekly to reflect the latest developments in the crypto sector. According to a Blog entry "You are based on a groundbreaking model, the thousands of data points on technology, acceptance, investment risk and market dynamics of every coin." The rating company hopes to help investors avoid the hype and "identify the few solid and promising cryptocurrencies that really deserve their attention".
cardano vs ethereum
The ratings place Cardano in terms of technology and market performance via Ethereum and spark the heated debate about Cardano vs. Ethereum.
Cardano was referred to as Ethereum killers together with other blockchains such as Polkadot. According to Charles Hoskinson, his founder, Ethereum 2.0 is the Ethereum killer for the beginning. In an interview a few weeks ago, Hoskinson also responded to other reasons that make Cardano better than the Altcoin king, even when he rebirth under proof-of-stake. One of them is compliance and governance, whereby Cardano integrates automated regulation, decentralized identity and merges it with metadata, which in his opinion simply cannot.