A top crypto rating agency Weiss
Ratings, recently disclosed that many cryptos are having a better technology
experience than XRP and the world’s flagship crypto, Bitcoin.
It further explained that it was
able to make such judgment by using a unique model that measures data points as
it ranks each crypto coin in categories such as technology, investment risk,
adoption, and market mome
The Model used by Weiss
Crypto Ratings in determining the crypto having superior technology included
measuring each cryptocurrency’s potential to achieve a variety of goals,
including high transaction speeds and others like governance capabilities,
flexibility to upgrade, scaling solutions, decentralization, energy efficiency,
the sophistication of monetary policy.
Weiss Rating picked
Cardano (ADA), Tezos (XTZ), Fantom (FTM), and Cosmos (ATOM) as the four top
cryptos in terms of technology, giving all of them an “Excellent” rating. Holo
(HOT), Ethereum (ETH), Iota (IOTA), Bitshares (BTS), Grin (GRIN), and Nexus
(NXS) all received a “Good” rating from Weiss. Meanwhile, Bitcoin (BTC) and XRP
both received “Fair” ratings.
Quick
fact about some of the top-ranked cryptos:
·
Cardano is a type of
blockchain that permits people to receive and send funds. ADA coin is the name
of the cryptocurrency. It uses the Cardano blockchain. It also allows people to
design smart contracts just like Ethereum. The chip can store private keys and
the system proposed by Cardano’s founder will allow them to be transferred from
one chip to another.
·
Tezos, which was
designed as a “self-amending cryptographic ledger” and uses the so-called
verification model, has emerged a big fan of tokenized real-estate and security
tokens.
·
Cosmos is designed to
enable a network of crypto networks united by open-source tools for
streamlining transactions around them. The Cosmos Hub, a proof-of-stake
blockchain, is powered by its native ATOM cryptocurrency.
·
FANTOM is a Directed
Acyclic Graph (DAG) based Smart Contract platform designed in solving the
scalability issues of distributed ledger technologies.
No comments:
Post a Comment