New to crypto? Check this top 10 Crypto pairs list PRO and CON before you get in
#1 Bitcoin - BTC
The grand-daddy of crypto. The biggest and the meanest. The all-father.
+It is the biggest and most stable crypto out there, everyone knows it and the community that supports it is the largest. Institutions, funds and companies hold BTC and the number of them is increasing every day.
+Safest bet in cryptoverse and only 21 million of BTC will ever exist. A lot of that BTC has been lost forever and as such illiquid.
+It's a synonymous with the word crypto and digital gold for a good reason. It's considered one if not the best store of value to hedge ever increasing inflation!
-Movement is sometimes slower than altcoins.
-Transactions are slow and can get pricey even though Lightning network updated is trying to fix the scalability issues at the cost of
Recently Solana has shoot up the charts and claimed the 4th spot. Good base with a solid ecosystem and a bright future. Pun intended.
+Solana Ecosystem is extremely fast and efficient
+The fees are extremely low, typically costing 0.000005 SOL, or about $0.001.
+It successfully hosts over 250 applications on its ecosystem and an unique Proof of History system.
-Very centralized which showed nicely on Sep 14, when team took down the network due to technical issues. Also heard in "D in Solana stands for decentralized".
-Proof of History consensus is still in early stage of development and hasn't been tested as much. Number of validators is low and has some really BIG whales.
- Same as other PoS systems it's typicalls prone to micro transaction attacks like Nano in 2021.
Let's Polka! Very popular crypto nowadays with their recent release of crowdloans.
+It's already solving the scalability problem faster than ETH is! Excellent transaction speed and very low price.
+Amazing support by the developers and superb PoS consensus with crowdloans
+Amazing ecosystem that hosts over 490 projects that are built on Polkadot
-Crowdloans are locked for 2 years on DOT which is a LONG time in crypto
-Same as other PoS systems, there are WHALES and a lot of them.
-Absolutely foolish system of having to keep minimum 1 DOT in wallet to keep it alive . Also not very newbie friendly due to the massive amount of options that they give to users. (You can also count that as a PRO if you are experienced).
A very hot L1 project that you probably heard about LUNA recently when it started it's rocketing to the...LUNA?
+Fuels whole Terra network and supports Terra stablecoins and payments. And Terra has a really deep wallet and they are using it to support their project.
+Allows swapping of stablecoins which makes Terra awesome for cross border payements. The Mirror and Anchor protocols on Terra are impressive.
+LUNAtic community of supporters and some big names of the industry world
-Stablecoins are not backed by cash so it can crash the price of LUNA. Regulation on stablecoins can affect it.
-Regulators be eyeing Terra like (β ΝΚβ)
-Tokenomics are sketchy and we still don't know how exactly that went down back in the day
+Latency or "finality" of Bitcoin is 60minutes, Eth is 6 minutes but Avax claims sub 1 second finality that is completely irreversible and has ability to process 4500 TPS!
-Recently AVAX got overwhelmed by the sudden rise of users and the fees went almost ETH levels.
-Not as many projects built on AVAX compared to others on this list and staking options are odd and unflexible. Poor user experience and newbie unfriendly.
-Some people argue that AVAX security is poor since they dont enforce shared security across the network unlike Polkadot.
This is it guys, Top 10 cryptocurrencies summed up! I've been researching for a long time and it took a few hours to write this up and try to present the pros and cons in an understandable way.