Weiss Crypto Ratings is an analyst think-tank that addresses cryptocurrency investment and technology rankings. Though, they sometimes publish their opinions on blockchain projects and events as well. Today, IOTA (MIOTA) and Cardano (ADA) have been put under a microscope.
A hen today
According to Weiss Crypto Ratings, the two projects have very little in common. Cardano's (ADA) approach seems to be much more realistic than the one demonstrated by IOTA. IOTA is still looking for a way to design its consensus, while Cardano 'is well along the roadmap' to meaningful milestones on its way from theory to practice.
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— Weiss Crypto Ratings (@WeissCrypto) March 4, 2020
We've been asked how #Cardano compares with #IOTA.
These two have very little in common. Right now IOTA is just a payment network still trying to figure out how to do consensus, while Cardano is well along the roadmap from theory to practice.#ADA $ADA
Weiss Crypto claims it would be better to compare Cardano (ADA) to Bitcoin (BTC). As per analysts, Cardano (ADA) is trying to build Bitcoin (BTC) based on a Proof-of-Stake (PoS) consensus equipped with smart contracts - and it seems realistic.
An egg tomorrow
Despite the progress made by the IOTA Foundation, this project remains a big experiment aimed at figuring out whether it is possible to create a ledger in which all participants are truly equal. Analysts are skeptical of this challenge as:
It's highly ambitious, but many think it cannot be done.
As previously reported by U.Today, Cardano released a new Ouroboros BFT consensus that acts as a bridge between Ouroboros Classic and Ouroboros Genesis; the last one will power the Cardano Decentralized Mainnet.
Arman Shirinyan
Alex Dovbnya
