Weiss Ratings, the only authoritative financial rating agency, involved in crypto-rating, seems to have found a new favorite - Cardano (ADA)... The brainchild of Charles Hoskinson is now considered "significantly superior" EOS after completing the first shot and checking the balance for Shelley.
#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. #ISLAND #crypto # cryptocurrency
- Weiss Crypto Ratings (@WeissCrypto) November 13, 2019
Back in June, Weiss downgraded EOS due to centralization issues. The agency stated that it was Cardano who was supposed to create a truly decentralized network (PoS).
This represents a major shift in the company's vision for EOS. The sign of what lies at the heart of the ambitious idea of a decentralized world computer was named by Weiss as the best digital asset back in March, which made the coin grow more than 11 percent.
EOS draws a lot of heat due to its conflicting control model. The project got into a major scandal in September 2018 after an internal document from Huobi, one of the block manufacturers (BP), shed light on "Mutual vote" which was supposed to keep control of the network. Block.one, the developer of the EOS.IO blockchain, has solved this problem by stating that they will provide a democratic electoral process .
Block.one recently announced its decision to vote on block producers, which was seen as a step closer to centralization by the community.
At the same time, EOS continues to dominate China. EOS retained its top spot in the recently released China Research Institute CCID ranking.