Weiss Ratings Has Given C Grade To Bitcoin

The Weiss Ratings made the first attempt to rank cryptocurrencies and gave Bitcoin a C+ in it’s F grading system.

Among 74 cryptocurrencies there is no one getting A grade, but the second largest cryptocurrency called Ethereum, has got B – or “good”.

There are four criterias on which the cryptocurrencies were rated: Risk Index, Technology Index, Reward Index, Fundamentals Index.

Bitcoin did get excellent scores for security and widespread adoption, despite the C+ rank. But it is encountering major network bottlenecks, which causes delays and high transaction fees.

Ethereum’s B was based on its readily upgradable technology and better speed, despite some bottlenecks.

Ripple got C grade, as it has the most mainstream adoption by financial instiutions.