Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns
United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrency EOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7.
In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development.
For more details:https://cointelegraph.com/news/weiss-crypto-ratings-downgrades-eos-due-to-centralization-concerns