Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • Cryptocurrency
  • News

Weiss Ratings Says IOTA Is Destined to Fall, But IOTA’s Co-Founder Has Contrary Opinion

Solomon Odunayo August 27, 2020 2 min read
IOTA Enters a New Dawn, Now On Clear Path towards Full Decentralization with Chrysalis Launch

Weiss Crypto Ratings, the popular provider of independent ratings of cryptocurrencies, has recently opined whether IOTA is a cryptographic project destined to fall by the wayside, due to its risk of running out of cash, caused by lack of commercial use cases of IOTA Tangle.


trade now

However, the co-founder of IOTA, Dominik Schiener, believes that the project that recently launched Chrysalis Phase 1 on Mainnet, with over 1000 transactions per second (TPS), is in the phase of tech maturity, adoption, and progress.

What Is Weiss Crypto Rating’s Point of View

In a tweet shared moments ago, the top crypto rater was of the opinion that IOTA, an open-source distributed ledger and cryptocurrency designed for the Internet of things, is at risk of going bankrupt.

According to Weiss Crypto Ratings, the lack of commercial use cases of IOTA Tangle has majorly contributed to the unpalatable situation.

In conclusion, the crypto rater stated that IOTA is probably one of those blockchain projects that are destined to fall by the wayside.

Weiss Ratings tweeted, “IOTA is at risk of running out of cash, exacerbated by lack of commercial use cases of Tangle. As second layer apps improve, the ever-growing crypto community is ditching protocols it doesn’t want/need. Maybe IOTA is one of those projects, destined to fall by the wayside?”

https://twitter.com/WeissCrypto/status/1299078028476198912

IOTA Is In the Phase of Maturity, Adoption, and Progress

Expectedly, the opinion of one of the most popular crypto raters attracted reactions from the members of the IOTA community, including IOTA co-founder, Dominik Schiener.

In amazement, Schiener tweeted, “Umm what are you talking about?”

Setting the record straight, Schiener pointed out that IOTA is one of the only projects that receives funding from government grants and corporations. Confidently, Schiener stated that IOTA is presently in the phase of tech maturity, adoption, and progress.

Dominik Schiener noted:

“There is more tech maturity, more adoption and more progress than ever. We are one of the only projects which gets funding from government grants and corporations. Stop the attention grabbing headlines and get your sources right.”

Join us on Twitter

Join us on Telegram

Join us on Facebook

Trade Now

Continue Reading

Previous: Charles Hoskinson: Cardano Now Has Hundreds of Stakepools and Half the Network Delegated
Next: Vitalik Buterin Reveals Biggest Threat to Bitcoin, Ethereum and Crypto At Large

Related Stories

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
2 min read
  • Blockchain
  • Cryptocurrency
  • Terra (LUNA)

Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain

May 25, 2022
Grayscale Is Planning On Listing Its First European Exchange Traded Fund
2 min read
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

Grayscale Is Planning On Listing Its First European Exchange Traded Fund

May 25, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,269.00
-1.73%
ethereum
Ethereum (ETH)
$1,843.88
-6.61%
tether
Tether (USDT)
$1.00
0.06%
usd-coin
USD Coin (USDC)
$1.00
-0.02%
binancecoin
BNB (BNB)
$313.89
-5.21%
ripple
XRP (XRP)
$0.388829
-3.64%
Binance USD
Binance USD (BUSD)
$1.00
-0.29%
cardano
Cardano (ADA)
$0.486378
-6.00%
dogecoin
Dogecoin (DOGE)
$0.078828
-5.52%
polkadot
Polkadot (DOT)
$9.36
-6.36%

Recent Posts

  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?
  • PancakeSwap Guide 2022 – Everything You Need To Know About This DEX
  • Polkadot-based Smart Contract, T3rn Deploys Latest Testnet
  • Uruguayan Authorities Launch Campaign Against Crypto Scams
  • GameStop Announces The Launch Of A Crypto Wallet
  • Litecoin To Be Delisted Out Of Major Crypto Exchanges
  • Here’s Why Bitcoin’s Price Might Rise Above $30.6K
  • RBI Governor Reiterates Negative Stance On Crypto

Disclaimer

This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

Categories

You may have missed

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
3 min read
  • Cryptocurrency Brokers News and Reviews

CharterPrime Review – Is CharterPrime Scam or a Proper Broker?

May 25, 2022
Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
2 min read
  • Blockchain
  • Cryptocurrency
  • Terra (LUNA)

Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain

May 25, 2022
Grayscale Is Planning On Listing Its First European Exchange Traded Fund
2 min read
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

Grayscale Is Planning On Listing Its First European Exchange Traded Fund

May 25, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%