Critics Frown Over Weiss Ratings of Cardano and EOS because Criteria Used by Ranking Groups are Not The Same

WeissRatings have surprised the cryptocurrency community by stating Cardano is aproject superior to EOS. However, the Chinese CCID ranks EOS in the firstplace. The superiority of the Cardano’sShelly Testnet is considered to be one of the major reasons behind thesuperiority of the token. However, critics are against Weiss ratings for havingput Cardano in the first place.

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Weiss Crypto Ratings tweeted:  “#Cardano is clearly superior to #EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior. More details on this in subsequent tweets. #ADA #crypto #cryptocurrency”

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Severalinvestors disagree with the superiority of Cardano by stating the EOS has a farbigger user base and potential. Thecomparison between Cardano and EOS is looked upon with so much of criticismbecause both of them are working on technological solutions, which can serve asalternatives to Ethereum. It is aboutimproving scaling, security, and performance. This is not the first time that Weiss has provided a positive note onCardano.

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Investorsare looking into the sustainability of their investment. Cardano builds its network with an academicapproach. However, EOS networking isbased on the philosophy of "great things take time," accordingto Brenden Blumer, the CEO of EOS development.

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The criteria used by rankinggroups are not the same. Severalentities tend to rate cryptocurrencies Weiss Crypto and Center for Informationand Industry Development (CCID) are just a couple of them.

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The sophisticated functionalityof Cardano is; however, many times misinterpreted by several users. The company launched an incentivized testnet before the highly expected Shelly. The staking process was set to kickstart withthe snapshot of balances in Daedalus Wallets. Many people were not sure abouthow the whole process will take place. TheBalance Check led to a lot of confusion in the community.

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Inresponse to people's confusion, Hoskinson replied stating, "So aUTXO based blockchain basically has a Genesis block, and then there's anemission of funds usually or some initial distribution of funds. If you look atthe entire changes from the beginning into the current block, you can constructbasically a ledger UTXO. So, the current owner of everything."

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He further took to the conceptsof keywords to explain the process better. He clarified, stating that when the keywords are entered, the balancecheck does some cryptography in the background. It checks in to the blockchain of the new system, and scans the UTXO andstates to which entries the keywords belong actually to.

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The security of individualwallets is secure in this process as the process will not be done on theindependent workstations of people and not on the server of the staking pool.

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