Here is the full quote with all the coins they rated:
- Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.
- Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.
- Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption.
- Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature.
At first it seems sorta dumb. ETH is slow and expensive, Steem is fast and free. So how could ETH be rated so highly, and Steem be rated below ETH?
It turns out the grades are based on investment value.
The Weiss Cryptocurrency Ratings evaluate price risk, reward potential, blockchain technology, adoption, security, and other factors.
So out of all 5 coins, ETH and Steem have the highest investment potential, according to Weiss. Hopefully this brings good things for Steem.
Read the report here.
Thanks for reading!