Litecoin ($LTC), a high-cap cryptocurrency and blockchain, has got a B- rating from the popular crypto rating agency Weiss Crypto. While reflecting on the “B-“ rating given by Weiss Crypto, Litecoin asserted that it deserves a keen observation in the case of the technology aspect. In its recent social media posts, the platform discussed this topic with the followers.
Litecoin Reacts to Weiss Crypto’s B- Rating Based on Perceived Technological Weakness
In its latest X posts, Litecoin has reacted to the “B-“ rating awarded by Weiss Crypto. It is a crypto rating organization that focuses on diverse factors such as risk, technology, and market performance. Litecoin disclosed that the aforementioned rating acknowledges the overall adoption and stability of the platform nonetheless claims a technological weakness. Hence, by categorizing the company’s technology score as “weak,” Weiss Crypto has ignited a reaction from Litecoin.
The Platform Refers to Its 13-Year-Long 100% Uptime and Remarkable Infrastructure
The platform argued that the Weiss crypto has not accurately gauged the technology rating thereof. It added that the platform possesses a reliable and resilient infrastructure. While supporting its assertion, Litecoin referred to the 100% uptime thereof for more than 13 years. It labeled this development as an extraordinary achievement that accounts for its ecosystem’s reliability and robustness.
Back in the year 2022, Litecoin reportedly integrated a noteworthy upgrade called the “MimbleWimble Extension Block.” This upgrade permitted it to improve scalability and privacy. It allows the consumers to execute confidential transfers. Moreover, Litecoin has also implemented Taproot, a crucial upgrade to enhance transfer privacy and efficiency.
Litecoin Highlights the Requirement for a Re-Examination of the Technological Aspect
Keeping in view these technological advancements, Litecoin believes that the Weiss Crypto’s rating requires a thorough re-examination. Litecoin highlighted that irrespective of the “weak” rating for technology, it has a track record of up to 100% uptime. Furthermore, the Taproot and MWEB upgrades denote its innovative and solid infrastructure. Based on this, it enjoys a significant position in the ever-evolving crypto sector.
