Bitcoin’s first report card from Weiss Ratings was also released back in January, with scores reportedly calculated using “thousands of data points on each coin’s technology, usage, and trading patterns.”
At the time, Weiss issued the grade of a C+ for Bitcoin, highlighted by excellent scores for security and widespread adoption. Nevertheless, the low grade was based on purported network bottlenecks, causing delays and high transactions costs as Bitcoin price climbed to nearly $20,000 USD in December 2017.
What’s more, Weiss Ratings gave Ethereum a B due to “more readily upgradable technology and better speed,” to much criticism from Bitcoin’s faithful.
The good news is that Weiss Ratings has now upgraded Bitcoin from a C+ to a B-. At the same time, the agency did note that on its numerical score, the difference is only a few decimal points
