Weiss Crypto Ratings ranks Tezos Excellent for Technology and B- for overall rating

Weiss Crypto Ratings ranks Tezos Excellent for Technology and B- for overall rating

By Allen Walters | Publish0x posts | 29 Sep 2020


Tezos has received another great rating score from Weiss Crypto Ratings. Tezos is one of the four chains that is rated "Excellent" in the Technology ratings model. "The Technology Model. The Weiss Crypto Ratings proprietary model which evaluates each cryptocurrency’s potential to achieve a variety of goals, including high transaction speeds and other scaling solutions, decentralization, energy efficiency, sophistication of monetary policy, governance capabilities, flexibility to upgrade, and others".
Technology could be seen as the most important quality, since it forms the foundation for further adoption and long term success.
In the overal ratings, Tezos is rated a B-. Tezos outranks Cardano in overall ratings with a B- (Tezos) over a C+ (Cardano). The "B"rating is the highest rating given so far, with only 6 other chains meeting the Weiss standards for a B rating. Only Bitcoin and Ethereum are rated B+. Important future indicator is the fact that Tezos outranks both Bitcion and Ethereum in the technology rating score. Ethereum is rated "Good" in this category, and Bitcoin barely has gotten a "Fair" rating.

About Weiss Ratings:
"Weiss Ratings, which began operations in 1971, is the only financial ratings agency that provides a combination of five critical advantages for users: The broadest coverage, the strictest independence, complete objectivity, high ethics and a commitment to safety."
Weiss Ratings issues ratings on 53,000 institutions and investments.

Build for technological upgradability
Tezos is build to last: Tezos is build for swift evolution through it's on-chain governance model. Currently the seventh upgrade is underway. Among other things, this upgrade will improve the cost of transactions even more, making more complex smartcontracts possible. More about the current upgrade here. 

The following upgrade will add privacy to the network. Testnet for this upgrade has been running for several weeks now.

Increase in on-chain activity
Tezos is showing an enormous increase in on-chain activity lately. In August, an average of 225 smartcontract deployments were made per day. Compared to the previous average, which was 31 deployments per day, this shows enormous increase in activity. The growth was noticeable in smartcontract related transactions (Contract calls). The amount of contract calls showed an increase of 807% in August. Today, while we're in the end of September, we see that we already topped the amount of contract calls from August. This is an obvious indicator for sustainable growth. This growth is also noticeable in the amount of gas that is consumed: this months gas usage is doubled compared to last month.

 


Allen Walters
Allen Walters

Fascinated by blockchain and future proofing cryptocurrency. Discover the tech before it gets relevant.


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