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).
#Cardano has a way of bringing a fresh new perspective to crypto, and there’s often a ton of research behind that perspective. We’re looking forward to seeing what contribution it can make to #DeFi which, in our view, is the most exciting thing going on in crypto right now.$ADA
— Weiss Crypto Ratings (@WeissCrypto) February 13, 2020
Weiss Rating appreciated Cardano, made a golden remark about the platform’s focus on researching deeply about what can move and shake the blockchain space.
Cardano is built on research with the project contributing maniac ideas to the growth of blockchain technology. Cardano partners researchers across universities to create unmatched perspectives in the blockchain world.
Stablecoin is coming soon
Recently, AZCoin News reported that Cardano’s founder, Charles Hoskinson, spoke of a possibility of launching a stablecoin based on a DAI-pattern and powered by ADA. Weiss Ratings back then commented that the structure of DAI is more beneficial compared to USDC and Tether’s USDT.
Weiss Ratings jumps back to this topic in a recent tweet as well:
A DAI-like token on #Cardano would bring tremendous value to the #ADA token – it would give birth to an entire #DeFi ecosystem that would rely mainly on it as a source of collateral. DeFi brought tons of utility to #ETH, it can do the same for ADA.$ETH $ADA
— Weiss Crypto Ratings (@WeissCrypto) February 13, 2020
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”
Update for the ITN is out https://t.co/ec2fbgnn4o
— Charles Hoskinson (@IOHK_Charles) February 15, 2020
Read more:
- Cardano CEO Said ADA Will Be More Decentralized Than BTC From X50 To X100
- Cardano: The Shelley Incentivized Testnet Has Attracted 15,232 Active Users To Date And Over 11.35 Billion ADA Have Been Staked And Delegated