Weiss Ratings: “Cardano (ADA) is one of the Best Blockchains in the World”, One of Cheapest Cryptos
Cardano (ADA) receives massive recognition as one of the best blockchain projects from Weiss ratings, an independent and well respected financial and technological rating agency. In a tweet addressed to their 19,000+ followers on Twitter, Weiss Ratings wrote,
“Cardano is one of the best projects in the space, and also one of the cheapest cryptos out there. #ADA #crypto #cryptocurrency #altcoins #bitcoin #BTC”
The blockchain is one of the leading projects in the space both in value and adoption correlating to the developments made on the blockchain in the past few months. The independent ratings firms is increasingly becoming fond of Cardano and the latest tweet is a clear example of it. Not only does the rating firm agree to Cardano being one of the most revolutionary blockchains today, but also the fact that it is a bargain at its current price.
Cardano witnessed a 7% hike in price in the past 24 hours to trade at $0.085767 USD. The coin is placed tenth on Coinmarketcap listings with a total market capitalization of $2,223,687,171 USD.
Cardano receiving praise from such a distinguished company of researchers and financial analysts is a huge boost to the adoption process to the peer-reviewed blockchain.
However, a section of the current cryptocurrency community remains skeptical on the overall success of the blockchain. Some are disregarding the impact of the “perfect blueprint” of Cardano terming it as ‘a success only on paper.’ Nevertheless, the company is tirelessly developing the platform to ensure the launch of a working product in the coming months.
“Is Cardano A Theoretical Project?”
Despite the praise from specialists and developers and the supplement of having a well-written peer review paper on the project, Cardano faced a backlash in the replies to the Weiss Ratings tweet. One of the replies by a developer in the field writes,
“I do not agree. There's an empty network and almost no action. [..]I am a developer but I don’t love it.”
Despite the theoretical claims and dislike from various sections of the industry, Cardano blockchain may be one of the best blockchains if they do succeed in their plans. The Ouroboros, the latest version of the platform provides a scalable, sustainable, interoperable and secure network coded in Haskell ‘language. Some of the features include provable secure PoS algorithms and quantum resistant protocols built by a global team of engineers, researchers, analysts, mathematicians, and scientists.
If the currently proposed developments on the blockchain are implemented, Cardano may be one of the best (if not the best) blockchain in the world. The team behind Cardano is building a blockchain from scratch implementing hack-resistant mathematical algorithms for tamper-proof, secure and fast transactions across the chain.