Blocked Unblock Follow Following Aiming to become the “Moody’s” in the digital currency sector. At present, our content includes blockchain reviews, interviews and auditing. Apr 16 [DarpalRating]Our Ratings, Thoughts and Ranking on some major cryptos -April Update April 12nd, 2018 Evaluations from DalpalRating Team Translated by XU Guangqian and Tyler Grant What is this list? After that we launched our reviews and audit reports, many readers came to ask our views on the major cryptos on the market, so we decide to package it into a Ranking list. Our Cryptocurrency Rating list includes the ratings of different cryptocurrencies with our evaluation models: Embryo, Growth and Mature. Each model is tailored for Cryptos in different development progress. The 2 additional dimensions Risk and Popularity provide more aspects of the projects. This is also an update of our previous article: https://medium.
com/@Darpalrating/darpal-cryptocurrency-ratings-180322-released-880e0627d90c Details explained: New projects LSK (Lisk） ：A leader in the development tools field, LSK makes it easy for developers to write and deploy smart contracts in JavaScript. With an active code library, Lisk continuously ranks the first on our code audit list. LSK is able to develop at a rapid pace. Lisk Core 1.
0.0 Betanet was recently released, enabling community members to perform tests. According to our upgraded evaluation model, LSK delivers an excellent performance in several areas including its projects, team, protocol implementation and blockchain properties. Therefore, we believe that LSK belongs to the class of B-. STEEM (Steem） ：As a leader in the content distribution and social media field, the Steem Blockchain has already successfully implemented several projects including Steemit.com, Busy.
org, and others. STEEM’s dPos consensus mechanism ensures the performance of the blockchain while the token STEEM is also vital to the whole blockchain ecology.
STEEM works well on all fronts. Its market performance is outstanding and it has significant real use as well. According to our upgraded evaluation model, STEEM is rated B-. MANA (Mana) ：A leader in the decentralized games field, Decentraland aims to establish a virtual reality platform powered by Ethereum.
On this platform, users can create, experience and monetize content and applications.
At the same time, MANA is pretty active with a frequently upgraded code base and orderly ecology constructions. Decentraland Marketplace, a product of MANA and one of MANA’s limited under-implementation projects, has already enabled users to trade virtual “land” and to do constructions and reconstructions on such land. However, the development of such game projects is complex and labor-intensive. Projects based on both blockchain and virtual reality are difficult to manage. In summary, though Decentraland develops smoothly and has products that have already entered the market, it holds some risks in projects and protocol implementation.
Therefore, according to our upgraded evaluation model, MANA is a C+ platform. CND (Cindicator) ：As a leader in market prediction and asset management field, Cindicator announces to adopt hybrid intelligence(human beings + machines) for traditional and crypto financial market predictions. Specifically, it collects analytics data from human analysts and answer to a certain financial problem(usually regards of prediction) after adopting various kinds of hybrid machine learning methods. CND, the token of Cindicator has a clear circulation logic. Investors can provide analytics and predictionsto get CND or they can have services(predictions) by buying and holding CND. Different levels of services require users to hold different amounts of CND.
Though Cindicator belongs to those limited projects that have launched products and keep running its ecology, its core code is still not open-sourced. And we cannot know whether its system works in strict accordance with its white paper. In summary, according to our upgraded evaluation model, we think that Cindicator is faced with some risks in terms of its projects and protocol implementation. Therefore, we hold that it is a C+ project.
NCASH (Nucleus Vision) ： Nucleus Vision is a contactless identification system that is based on the Internet of Things. It helps stores gain information about consumers through blockchain and real-time sensor technologies.
According to its official website, this project was created in Harvard University. NCASH has powerful investors and a strong advisor team with all kinds of advanced patented technologies. It also supplies a decent blueprint, has cooperated with many famous enterprises, and has a very popular community as well. However, what is mentioned above is in sharp contrast with NCASH’s DitHub, which is nearly silent and empty, as well as NCASH’s lack of released information concerning their technical details. What’s more, Nucleus Vision has collected a large amount of capital and its financing process and capital allocation are not transparent, a symbol of risk. In total, though NCASH has an excellent team, it cannot get high scores in several other areas — its project, progress, and its community supervision, for example.
According to our original evaluation model, we believe that NCASH is a D+ system.
XVG (Verge) ：Verge derives from DogeCoinDark, a hard fork of DogeCoin. It ensures anonymity with the help of TOR and I2P technologies and it allows fast money transferring with SPV technology. However, the two technologies that are designed to promote privacy protection have long been created(these two technologies can be used to send any kind of digital currencies) and SPV is a technology that has been clearly stated in the white paper of Bitcion. Besides, Verge’s Wraith Protocol which aims to strengthen anonymity is actually the same asStealth addresses technology that has long existed — — the former just puts old wine in the new bottle. Besides, supernova, a famous mining pool organization, recently announced that it would close Verge’s mining pool permanently, because Verge’s mining algorithm had critical flaws.
However, technical weak points of XVG has nothing to do its price increase, for XVG’s wallet supports several operating systems and plenty of exchanges(for example, Binance, Bittrex and UPBit) have trading pairs of XVG. Verge’s high usability and liquidity ensure its hype value.
In summary, though Verge performs very well, there are still some risks on its blockchain properties, functions, security and so on. Hence, according to our upgraded evaluation model, we hold that Verge is a D+ platform. CTR (Centra) ： CTR has faked some of its promotional materials and the information it gives on its team is also partially false. The founder of CTR has already been arrested and there is a high chance that its price will drop to zero. With the help of our upgraded evaluation model, we evaluated CTR based on its team, protocol implementation, projects and so on. As a result, we hold that CTR possesses huge risk in all aspects and should be considered an E- project. Upgrades: ZEN (Zencash） ： In its biweekly report on April 5th, 2018, ZEN disclosed much information, including that about its new partners, the development of its multilingual market and the improvement of ZEN system — — the development of ZEN application platforms(including supernode, ZenGrid, InstantZen and ZenExchange) and ZenHelp. Besides, ZEN’s allocation system on mining profits is also improved.
This means that ZEN will transfer from a cryptocurrency to a blockchain-based platform. As ZEN has advanced zk-SNARKs technologies and a practical team, we increase the score on its team, projects and other aspects. According to our evaluations, it is still a B+ platform. KNC (Kyber Network) ：Recently, KNC released information about their new partners and published their Public Beta, a testing network that works stably and provides good services for users. According to our upgraded evaluation model, we have increased KNC’s score on protocol implementation, believing KNC is still a B- project. ONT (Ontology) : ONT made its code base open-source recently and delivered an outstanding performance on the market.
Its team is, moreover, becoming larger and larger. According to our original evaluation model, ONT is still a B- project though we now give it higher scores on its team, protocol implementation, and so on. ZIL (Zilliqa)： ZIL recently released its testing network — — v1.0（Red Prawn）. This version will use 1000 nodes (four shardings) on AWS. Based on our upgraded evaluation model, we have improved ZIL’s scores on its protocol implementation, progress, and other aspects. ZIL is still a B- project.
IDT (InvestDigital) ：Recently, IDT published its InvestDigital Beta product, which had functions relating to fund ranking and forum. IDT’s team keeps expanding. Therefore, according to our original evaluation model, we have increased IDT’s score on protocol implementation and projects. IDT still remains a C+ project in our estimation. Downgrades: LTC (Litecoin) ：LitePay, LTC’s payment system that has attracted significant attention recently, suddenly stopped working. The LTC Foundation explained that this resulted from LitePay’s request for more capital to keep running (it failed to supply enough reasons as well). LTC Foundation didn’t have such an attitude when LitePay was first released.
This shows that LTC Foundation has clear weaknesses in ecology construction and necessary investigations.
According to our upgraded evaluation model, we decreased LTC’s score for its team, development, and so on. We hold that LTC still belongs to C+ projects. Risk warning XRP (Ripple） ：According to reports from Bloomberg, the XRP team tried to bribe Coinbase and Gemini, hoping that these two exchanges could list XRP transactions. After considering XRP’s frequently used marketing methods, we believe that its short-term hype risks are intensifying. Also check out our previous articles: .
