Weiss Ratings thinks three crypto assets are operating on better technology than Bitcoin.
The financial ratings agency tells its subscribers in a recent video that both Fantom (FTM) and Cardano (ADA) are currently scoring higher tech marks than BTC. The third crypto asset has not yet been publicly revealed.
Juan Villaverde, the architect of the Weiss Cryptocurrency Ratings tells Decrypt,
“Our position is that there are several distributed ledgers that have more advanced technology than Bitcoin’s. However, that may not necessarily make them better than Bitcoin overall.”
Fantom is a DAG-based smart contract platform that addresses the issue of scalability and the requirements for confirmation time on the blockchain. Villaverde says FTM is “pioneering a novel way to reach consensus in a distributed network.”