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Pros
Pro Highly customizable
There are tons of customizations you can make: from adding colors to text, turning backgrounds transparent, setting the size to be "maximized", toggling scrollbar on and off, adjusting orientation/borders/animation, etc.
Pro Easily accessible drop-down
The drop-down function in Tilda does not get in the way and can be accessed at any time with a keyboard shortcut.
Pro Few dependencies
Tilda is a very minimal and lean terminal emulator. It requires very few dependencies and the amount of resources needed is small.
Pro Supports transparency
You can monitor information displayed by applications under Tilda.
Pro Tabs support
Tilda supports tabs. By default: to open a new tab press Ctrl + Shift + t. To move through them: Ctrl + PgUp/PgDn.
Cons
Con Contains some annoying bugs
Tilda can be buggy at times. For example, if you don't close it before shutdown, it may prompt you to reconfigure it all over again on the next boot.