To continue my post from yesterday:
Weiss Ratings, an independent rating agency of financial institutions, has released today the nations first-ever grades on cryptocurrencies by a financial rating agency, despite a massive Korean cyberattack on its website. Weiss gives Bitcoin a C+ (meaning fair) and Ethereum a B (good). None of the cryptocurrencies covered currently get a grade of A (excellent).
Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses:
Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.
Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.
So Ethereum is currently the highest rated cryptocurrency out there? Or some project received rank higher than ethereum.
Exactly, ETH along with EOS are the highest ranked. Here are the rest:
B Grade - ETH and EOS.
B- Grade - ADA, NEO and Steem.
C+ Grade - ARK, BTC, BTS, GBYTE, DASH, DCR, IOC, LTC and NEM.
C Grade - AEON, ASCH , BLK, BLOCK, BURST, BCN, XCP, DOGE, ETC, KMD, LSK, MNR, NAV, NBL, NXS, NXT, PPC, PIVX, QTUM, XRB and XRP.
C- Grade - BCH, CLOAK, DGB, XDN, ETN, FTC, NMC, RDD, SKY, UBQ, VIA, XWC and ZEN.
D+ Grade - AUR, BTG, EMC2, GAME, NLG, MEC, ETP and PURA.
D Grade - EXP, GUP, NVC, POT, QUARK, RISE and SALUS.