Rajarshi Mitra
Independent Analyst
- Cardano’s Shelley testnet was highlighted as one of the main reasons behind the superiority.
- The detractors claimed that Weiss Ratings has lost its credibility.
A crypto and financial ratings firm, Weiss Crypto Ratings, has divided the cryptocurrency community on Twitter by claiming that Cardano is “clearly” superior to EOS.
The company said:
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.
The argument between the rival projects heated up. Weiss followed up its statement in a series of tweets, starting with its observation that EOS has centralization problems. It said:
Not only does #EOS have problems with centralization, but lately, the network has also been unable to process any transactions for anyone who doesn't have a substantial amount of EOS locked up and staked. This is a result of EOS trying to go with a feeless structure.
In a follow-up tweet, the firm shared more details backing up its claim. It said that Cardano is superior to EOS because it had just completed the first snapshot and balance check of the network for the Shelley incentivized testnet. The tweet claimed:
Cardano completed the 1st snapshot and balance check for its incentivized Shelley testnet. This latest step toward staking will allow investors to earn rewards on their $ADA for the 1st time.
The tweet got mixed reactions from hundreds of users. Some disagreed with Cardano's superiority by saying that EOS had a far bigger user base and potential. However, despite the vast differences in opinion, almost everyone seemed to agree that Weiss Ratings has lost its credibility.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?