• 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. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD in a precarious position as lack of healthy support levels can see it drop back below $7,000

BTC/USD bulls have come out on top so far this Wednesday, as the price has gone up from $7,218.50 to $7,253.25. This follows a bearish Tuesday wherein the price dropped from $7,340 to $7,218.50. The daily confluence detector shows ...

More Bitcoin News

EOS/USD drops amidst growing centralization concerns

EOS/USD has had an interesting December so far, to say the least. While its price has moved pretty sluggishly, there are a lot of pieces moving in the background. Let’s take a closer look at all these moving parts and see how the price is acting in different time frames. 

More EOS News

Tron Price Analysis: TRX/USD defends $0140 support for the second time

Tron has been disintegrating since the highs formed in November at $0.0230. The buyers tried to nurse initial losses in a range between $0.0180 and $0.0200 but failed. 

More Tron News

Bitcoin Cash price analysis: 20-day Bollinger jaw narrows considerably as market volatility goes down

BCH/USD has dropped from $206.65 to $206 in this early hours of Wednesday and is on course to chart its third straight bearish day. The hourly breakdown of Tue ...

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP