Home » scrypt miner » Bitcoin Weiss rating: What did BTC get te the Weiss Crypto Ratings, City & Business, Finance

Bitcoin Weiss rating: What did BTC get te the Weiss Crypto Ratings, City & Business, Finance

Bitcoin Weiss rating: What did BTC get in the Weiss Crypto Ratings, City & Business, Finance

BITCOIN has bot ranked by the Weiss Cryptocurrency Rating for the very first time. But what grade did bitcoin get?

What did bitcoin get te the Weiss Cryptocurrency Ratings?

Financial rating service Weiss Ratings has ranked 74 cryptocurrencies on a scale of A to E, where A is &ldquo,excellent&rdquo, and E is &ldquo,very powerless&rdquo,.

Bitcoin, the best known and most widely traded cryptocurrency on the planet, received a C+ grade on the Weiss scale.

The plus sign indicates that bitcoin fell into the top third of the &ldquo,fair&rdquo, category.

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The rating said: &ldquo,Bitcoin gets excellent scores for security and widespread adoption.

&ldquo,But it is encountering major network bottlenecks, causing delays and high transactions costs.

&ldquo,Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no instant mechanism for promptly upgrading its software code.&rdquo,

Bitcoin&rsquo,s closest rival Ethereum received a B grade, however Weiss exposed none of the digital currencies measured got the highest A rating.

Bitcoin Weiss Rating: Bitcoin scored a C grade on the Weiss scale

Cryptocurrency price: A year te charts

Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year

LiteCoin is going down with the market dip [coindesk.com]

Following the announcement Dr Martin D. Weiss, who founded the company, insisted that cryptocurrencies have a &ldquo,bright future&rdquo,, adding their well known volatility makes the market confusing for investors.

Bitcoin gets excellent scores for security and widespread adoption.

Weiss Cryptocurrency Rating

He said: &ldquo,Despite extreme price volatility, cryptocurrencies have a bright future and the potential to produce unusually large profits to investors.

&ldquo,However, the market is hectic and confusing for investors. They need the clarity that only sturdy, impartial ratings can provide.&rdquo,

The Weiss Cryptocurrency Ratings evaluate price risk, prize potential, blockchain technology, adoption, security, and other factors.

Bitcoin price: BTC has surged overall te the past 12 months

Cryptocurrency investors emerge to have bot waiting te anticipation for the results to be released.

Dr Weiss reported a phat surge te visitors to the webpagina te the wake of the publication, including thousands from Europe and Asia.

He said: &ldquo,Since our customers are almost entirely te the US, wij infrequently get more than petite amounts of traffic from Asia.

&ldquo,But last night, wij had more than 100,000 unique visitors te a matter of hours, almost entirely from Asia, until early this morning, when more of the traffic spinned overheen to Europe.

Bitcoin price news: None of the cryptocurrencies measured received an A grade

&ldquo,To treat the volume, our staff instantly expanded its server capacity on the cloud many times overheen.&rdquo,

Bitcoin has had a remarkable 12 months, surging by almost 1,200 procent from this time last year.

Te December 2018, a single bitcoin wasgoed worth an eye-watering $20,000 (£,14,000).

This has since crashed to $11,100 (£,7,800), however bitcoin is still far ahead of its competitors and makes up almost 35 procent of the total crypto market.

Related movie: How to buy bitcoin with Circle

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