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Incredibly lightweight with very little memory consumption.
Pro Very fast
Midori is considerably fast. It starts up in no time and renders pages as fast as many other more well-known browsers.
Pro Available on several distributions
Midori is used as a default choice for a web browser for some distributions (like Elementary OS) and it's available for easy downloading for many other distros through their official repositories.
Pro Allows using webapps as if they were desktop apps
Midori has a built-in functionality with which you can create web apps that can be launched from the desktop. For example, you can create a web app for the desktop to launch Gmail or YouTube or any other web app that you use.
Pro Useful plugins are built-in
Some very popular and useful plugins are built-in and available out of the box. For example, there's an RSS feed reader plugin and an Adblocker built-in.
Con Supports insecure cipher suites
This browser supports RC4 encryption which is known to be insecure compared to other encryptions such as AES.
Con Misbehaves with Google Web Apps
On some distributions Midori may not work very well for Google Web Apps. On openSUSE for example, Midori starts misbehaving when you are going through Google Drive's folder hierarchy.
Con Unfamiliar UI
The UI can take a little to getting used to because it's not very conventional or similar to other browsers. For example, it uses a trashcan icon to view recently visited links.
Con Development stalled
There have been no recent updates. Lags other browsers in supporting modern web standards. Many distributions have replaced it with other browsers