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Weiss Crypto Ratings has put its weight behind Cardano, saying that the project is superior to other network-based competitors.
According to a tweet published Nov. 13 on its official Twitter account, Weiss Crypto Ratings claimed that Cardano is “clearly superior” to EOS. EOS holds a market capitalization of $3.2 billion compared to Cardano’s $1.1 billion.
The rating agency explained that while EOS may have been first to market, it’s becoming “increasingly clear” that Cardano has pulled ahead in the competition for best crypto-based technology.
#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
Weiss Ratings also provided the update that Cardano has completed the first snapshot and balance check for its Shelly testnet. The agency calls this the first step towards staking, which will allow investors to begin earning dividends on their ADA.
#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
As previously reported, Weiss Ratings took to Twitter last week to argue that Cardano and Algorand had already solved most of the issues addressed by the CBC Casper Protocol, while saying that Ethereum was wasting time on the project.
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