Weiss Ratings: Cardano has a way of bringing a fresh new perspective to crypto

Cardano is currently ranked 11 on the CoinMarketCap. It seems to be favored by the Weiss Ratings agency that deals with financial analytics.

Several times in the past, Weiss Ratings, the most influential and trusted Crypto Rater in the cryptocurrency space, has picked Cardano to call it superior to some other blockchains, e.g., EOS. A few times in 2019, the agency downgraded the tech score of EOS for lack of decentralization and predicted a great future to Cardano.

Now, the popular rating platform is again tweeting praise about Cardano (ADA) for centering its initiative on researching cryptocurrency perspectives, saying it looks forward to seeing contribution from the blockchain platform on Decentralized Finance (DeFi).

Weiss Rating appreciated Cardano, made a golden remark about the platform’s focus on researching deeply about what can move and shake the blockchain space.

Cardano is built on research with the project contributing maniac ideas to the growth of blockchain technology. Cardano partners researchers across universities to create unmatched perspectives in the blockchain world.

Stablecoin is coming soon

Recently, AZCoin News reported that Cardano’s founder, Charles Hoskinson, spoke of a possibility of launching a stablecoin based on a DAI-pattern and powered by ADA. Weiss Ratings back then commented that the structure of DAI is more beneficial compared to USDC and Tether’s USDT.

Weiss Ratings jumps back to this topic in a recent tweet as well:

IOHK Donates $500,000 to Support UW’s Blockchain Research and Development Lab

On February 14, 2019, IOHK, the software company behind the Cardano project, donated $500,000 in ADA to the University of Wyoming’s (UW) Blockchain Research and Development Lab in Laramie.

According to a report, the IOHK’s donation will be used to support faculty and graduate students in developing practical applications for real-world blockchain use cases.

The software company says it picked UW upon understanding that Wyoming is the only state in the US supporting blockchain adoption through favorable legislations.

Charles Hoskinson Hints Update to Shelley Incentivized Testnet (ITN)

Some hours ago, the founder of Cardano Charles Hoskinson hinted a recent update made to Shelley Incentivized Testnet (ITN) platform.

Charles tweeted: “Update for the ITN is out staking.cardano.org

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