Weiss Ratings: Cardano Better Than EOS
In their latest tweet, Weiss Crypto Ratings defiantly praised Cardano, triggering a storm of crypto enthusiasts’ reactions. There was little explanation in this tweet other than promising additional details.
#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
— Weiss Crypto Ratings (@WeissCrypto) November 13, 2019
Naturally, a dispute ensued between supporters of competing projects. Some of the responses reproached Weiss for publishing such a high-profile statement without evidence.
The response from Weiss did not slow down, however:
#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. Don’t forget to move your #ADA to Daedalus wallet if you want to participate.
— Weiss Crypto Ratings (@WeissCrypto) November 13, 2019
Cardano is a layered smart contract and dApp platform that calls itself third generation. The first layer is a settlement layer that is responsible for handling cryptocurrency transactions using the native ADA token while the second layer handles the computing of smart contracts. It uses a proprietary modular proof of stake consensus algorithm known as Ouroboros.
Charles HOSKINSON, the leader of the project, detailed the update which explains how Cardano development is coming along on the path to decentralization. Shelly is a test environment where ADA users and developers can experiment with stake pools and help build up a collection of pools on Cardano.