Litecoin recently responded to the B- rating by Weiss Crypto, highlighting the platform's technological aspects.
Reaction to Weiss Crypto Rating
Litecoin expressed its opinion regarding the B- rating from Weiss Crypto. The agency evaluates aspects such as risk, technology, and market performance. In its social media posts, Litecoin clarified that although the rating acknowledged the platform's overall stability, the technological aspect received a weak score, prompting a call for closer examination.
13-Year Uptime and Infrastructure
Litecoin argued that the technology assessment was inaccurate, stating its sturdy and resilient infrastructure. The platform highlighted its 100% uptime over more than 13 years as evidence of its reliability. In 2022, Litecoin integrated a significant upgrade known as MimbleWimble Extension Block for improving scalability and privacy and also implemented Taproot to enhance transfer privacy and efficiency.
Need for Re-evaluation
Considering these technological advancements, Litecoin believes that Weiss Crypto's rating necessitates a thorough re-evaluation. Regardless of the 'weak' technology rating, the platform boasts a flawless performance history. The Taproot and MWEB upgrades affirm its innovative and robust ecosystem, securing a significant position in the evolving crypto sector.
Litecoin actively defends its technological achievements despite the lower ratings by Weiss Crypto, calling for a reassessment of its role in the crypto world.
