Weiss Ratings is impressed by the relatively new crypto asset Tezos (XTZ).
The ratings agency says the technology that powers Tezos outshines leading cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and XRP.
Tezos is a smart contract proof-of-stake blockchain designed to give people who hold the cryptocurrency a stake in the platform in terms of its development and governance. Stakeholders can help power the network and earn rewards in return.
Despite Bitcoin’s status as the leading crypto asset, it’s excluded from the firm’s list of top 10 coins by technology. Ethereum, the second largest crypto by market cap, is ranked fourth, but Weiss says it will likely rise in future rankings.
“We have already upgraded Ethereum’s Technology grade once. And further upgrades are very possible as #Ethereum 2.0 rolls out. This combined with its high adoption rating make Ethereum very attractive indeed.”
Weiss Ratings ranks more than 120 digital assets based on