Overview of Weiss Ratings' Latest Report
Weiss Ratings, an independent U.S. rating agency, published a comprehensive evaluation of 93 cryptocurrencies on May 29. Notably, no cryptocurrency received an A or B+ rating, with ADA, DCR, and EOS topping the list at Grade B.
Key Findings:
- BTC was downgraded to B, alongside ETH, IOTA, NEO, XRP, STEEM, TRX, and XLM.
- 54 cryptocurrencies received a C rating (including C+, C-, or C).
- BTC's overall score: B-
- BCH's overall score: C-
👉 Discover how top-rated cryptocurrencies perform in real markets
Rating Breakdown
Tier B Cryptocurrencies (14 total)
- Grade B: ADA, DCR, EOS
- Grade B-: BTC, ETH, BTS, IOTA, ONT, NEO, XRP, STEEM, TRX, XLM, ZIL
Tier C Cryptocurrencies
Examples: BCH, DASH, DOGE, ETC, LSK, LTC, XMR, XEM, QTUM, SC, STRAT, UBQ, VEN, WAVES, ZEC.
About Weiss Ratings
Founded in 1971, Weiss Ratings analyzes technical, adoption, and transactional data for over 55,000 institutions and assets, including cryptocurrencies.
EOS Downgrade Alert
On June 7, Weiss tweeted that EOS was downgraded due to "severe centralization issues," highlighting ADA as a genuinely decentralized Proof-of-Stake (PoS) alternative.
Proof-of-Stake (PoS) Explained
PoS ("Proof of Stake") replaces energy-intensive mining with a system where validators earn rewards proportional to their holdings. While it reduces energy waste and attack risks, it may lead to wealth concentration.
👉 Learn how PoS compares to other consensus mechanisms
Global Blockchain Rankings (CCID Report)
Per China’s CCID Research Institute (May 23):
- EOS
- TRX, ETH
- BTC
FAQs
1. Why did Weiss downgrade EOS?
EOS faced centralization concerns, while ADA was praised for decentralization.
2. What’s the difference between PoW and PoS?
PoW relies on mining (energy-heavy), whereas PoS rewards coin holders directly.
3. Which cryptocurrencies have the highest utility scores?
Check Weiss Ratings’ full report for adoption/technology metrics.
Risk Warning: Cryptocurrency investments are volatile—you may lose all capital. Assess risks carefully.