Weiss Crypto Ratings: Cardano Is Superior To EOS After Shelly Test

Weiss crypto ratings issued a new report where we can read that Cardano just surpassed EOS and is much more superior but there were no details to back this up so let’s try and find out more in the Cardano news today.

Back in 2017, the new crypto projects started emerging on the scene promising they can make all the difference in the world. Some called it market manipulation since there was also an artificial pump to inflate their prices which ended up dumping again. However, today’s scene is much more different so there has to be a solid background before making these bold claims.

Weiss crypto ratings pumped the price of Cardano today and caused mixed reactions on Twitter once thy posted about the altcoin:

 “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.”

Naturally, the feud between the supporters of the rival projects heated up and some of the responses was even discrediting the Weiss crypto rating platform for posting such a blatant statement without backing it up. In terms of Technology, Cardano is basically a layered smart contract and a dapp platform that calls itself a third-generation technology. The first layer is the one handling the crypto transactions using the ADA token while the second one handles the computing of smart contracts.

It is still a very early period for Cardano which hasn’t really seen some of the dapps usage increase but EOS, on the other hand, enjoys this part. The reasoning for praising Cardano came later in a second tweet from Weiss ratings where they mentioned the latest Shelly testnet snapshot:

 “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.”

IOHK chair Charles Hoskinson detailed the recent updates and explained how Cardano’s development is coming along to reach the decentralization goal. According to an official portal, the Shelly test environment allows the developers to experiment with stake pools and help also build up a collection of pools on ADA. However, the ADA’s platform is not the only one that allows staking rewards. Coinbase also enabled Tezos staking last week and started offering rewards for XTZ stored on the exchange.