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. Mar 23 [DarpalRating]Our Ratings, Thoughts and Ranking on some major cryptos March 13rd, 2018; by Darpal Rating team What is this list? DarpalRating launched the Cryptocurrency Rating list which includes the ratings of differetn 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. Details explained: Downgrade NEO (NEO) : A lively discussion on social media has pointed out some predicaments existing in NEO, such as a complete centralization of consensus nodes (all controlled by NEO Council), low capacity (a single ICO of TNC turns down the entire chain for more than 20 minutes), flaws of smart contract and synthetic financial barrier to deploying smart contract and so on.
Meanwhile the official statement from NEO, ‘A Statement from NEO Council’, testified some of these issues from a side. According to our crypto rating model-Maturity, the scores of corresponding factors have to be reduced. However, with the considerable community buildings, NEO still receive a comparatively high rating on the community dimension. And also the NEO/GAS bilateral configuration and theoretically efficient dBFT consensus algorithm promote NEO to have a life of its own.
Even so, given the crucial technical issues, NEO has to be downgraded to B- with a score of 79.7. IDT (InvestDigital) : Lack of progress and bad performance on the market, we decrease the score of IDT but still keep its rating as C+. Upgrade: EOS（EOS): In our recent code audits for January and February, EOS is among the front-runners with a high engagement of the developing team and completion of major mile stone. Therefore, the rating of EOS is raised to B-. AE (Aeternity) : According to our continuous project tracking, AE frontends in the most recent code audits, with high involvement of team participation and notable fulfillment.
Consequently, AE’s grade score is increased but still rated as C+. XMR (Monero) : Monero’s score rised because of the official announcement that XMR will hard fork with several updates and anti-ASIC algorithm. ABT (ArcBlock) : Prof. Zhang Shoucheng has joined the advisor team . So we slightly increase the score of ABT but still keep its rating as C+.
SNT (Status) : Due to the considerable fulfillment and rapid development, we upgrade SNT to C+. NULS (Nuls) : The official technical yellow paper is released with a plentiful advancement and active community. We upgrade NULS to C+. TRX (Tron) : Due to productive progression and frequent commits, we upgrade TRX to D+.
Freshly added ZIL (Zilliqa) : As one of the few remarkable projects lately, ZIL has great performance since ICO, aiming to become the next-gen high-throughput blockchain platform. According to the official information, ZIL’s latest testnet trial run got 2488 TPS with 6 shards and 3600 nodes. Key features of ZIL includes network sharding, transaction sharding, secure and efficient consensus algorithm (with scalable signature scheme CoSi), computational sharding, data-flow smart contract language and profitable mining.
The team behind ZIL have both profound academic background and solid engineering experience. Taken together, ZIL is rated as B+. DCR (Decred) : As a great blockchain project with kind of unpopularity, DCR has a creative hybrid POW+POS consensus scheme, with a strong focus on community input, open governance and sustainable funding and development. DCR’s principles and evolution are entirely consistent with blockchain characteristic decentralized spirit.
Thus, we rate DCR as B+. NANO (Raiblocks) : Since November 2017, the price of NANO has skyrocketed. Its revolutionary block-lattice architecture guarantees instantaneous transaction and great scalability.
However, the dPos consensus leads to a specific problem of centralization, which is revealed through the representatives list.
Furthur more, most of its codes are committed by NANO’s founder. In conclusion, NANO is rated as B-. BNB (Binance Coin) : As the industry benchmark, there’s no doubt of Binance’s profitability, which ensures the buy-back mechanism. Besides, Binance has decided to officially launch the development of the Binance Chain, which means that BNB will exist on its own blockchain mainnet as a native coin.
Therefore, BNB is rated as B- ONT (Ontology) : As one of the most fashionable projects recently, ONT owns a grand vision, lots of institutional investors, experienced developers and strong background. However, ONT is currently only on its white paper and website with no transparency and risk. Given the above, ONT is rated as B-. XLM (Stellar) : Similar to XRP, XLM has a centralized distribution and been significantly speculated on. However, XLM is essentially less centralized than XRP. So XLM is rated as C-. RFR (Refereum) : With massive hype, narrow ceiling and weak token utilities, RFR is rated as D+. GEM (Gems) : With massive hype, significant speculation, severely falling of ICO price, GEM also owns chaotic and nontransparent funding procedure.
GEM is rated as D+. BEC (Beauty Chain) : Along with poor website and extremely centralized token distribution (99.9% of tokens are not in circulating), the single-player token BEC is rated as E+. If you like this review, please follow our Medium Channel. For more: .
