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What is the best alternative to Stellar?
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NANO
All
22
Experiences
Pros
17
Cons
5
Top
Pro
Feeless
Due to NANO's structure it requires 0 fees.
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Con
Traceable transactions
Not anonymous, but there is discussion to change this.
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Pro
Instant transactions
Instantaneous transactions. The fastest cryptocurrency in activity now.
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Con
Lower/slow adoption
Perfect for peer to peer but lot of work to do to get business on board.
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Pro
Does not require mining
Does not require mining
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Con
Strongly opposed by Bitcoin maximalists because it threatens Bitcoins existence
As an example, the censoring by moderators of the biggest cryptocurrency forum on Reddit /r/cryptocurrency.
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Pro
Decentralized
NANO is provably decentralized.
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Con
Prone to hoarding
Many people might want to hold nano longer term as demand grows and supply is limited. However fortunately there are no direct financial rewards for holding nano as opposed to proof of stake currencies.
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Pro
Best cryptocurrency for daily use
With instant, feeless and decentralized transactions, Nano is the most ethical and the best cryptocurrency for daily use.
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Con
Lesser known compared to other alternatives - it doesn't have much presence outside of the crypto space
The Nano Foundation doesn't have a massive marketing budget. Nano does only one thing, and that one thing directly competes with Bitcoin. In the short term it's going to be very difficult for Nano.
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Pro
Deflationary
Forever limited number of Nanos .
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Pro
Very secure
In theory, in order to send a transaction you just need to notify the receiving wallet, making it fully P2P (Peer-to-Peer).
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Pro
Embeddable
Nano is easy to integrate with other platforms.
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Pro
Green
Nano is hypereefficient. The entire network could run on the output of a single wind turbine
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Pro
Great community
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Pro
Fairly distributed
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Pro
Inclusive, classless
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Pro
Great for developers
Nano is very easy to develop with. There also exist many libraries for a wide variety of programming languages.
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Pro
Easy to use
Easy to use. What bitcoin was meant to be.
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Pro
Easy adoption to every day business
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Pro
Not traceable because of speed
Nano is so fast that can't be tracked by anyone.
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Pro
SoV
It has 0 supply emission
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Experiences
Free Software
137
7
ZCash
All
4
Experiences
Pros
2
Cons
1
Specs
Top
Pro
Traded on Coinbase
ZCash is listed on Coinbase, arguably one of the easiest to use exchanges.
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Top
Con
Trusted Setup
In order to remain anonymous you must utilize a set of keys set by a group of individuals. If it got cracked or somehow leaked or if this group was corrupt your transactions might not be anonymous. There is discussion to change this: https://www.starkware.co/ More Info: https://www.reddit.com/r/zec/comments/551wnw/what_is_the_trusted_setup_in_zcash_an_overview/
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Top
Pro
Anonymous
Decently Anonymous Cryptocurrency
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Specs
Consensus:
Proof of Work
Symbol:
ZEC
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Free Software
2
0
Ripple
All
15
Experiences
Pros
9
Cons
6
Top
Con
Not Decentralized
It is very centralized, worst than even most banks.
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Top
Pro
Currency agnostic
In addition to their own cryptocurrency, XRP, Ripple's network can transfer other cryptocurrencies such as Bitcoin, fiat currencies, gold, IOUs, frequent flyer miles and so on.
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Con
The network is proprietary
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Pro
Real-time international money transfers
Transactions are confirmed in seconds, not minutes.
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Con
Iffy marketing strategy
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Pro
No mining required
XRP's cap of 100B units has already been generated.
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Con
Concerns of it being a scam
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Pro
More transparent than banks
Not as good as BTC or literally any decentralized coin/token. But, you gotta hand it to them.
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Con
3 people own 20% of all of XRP
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Pro
Scalable
Can handle thousands of transactions per second.
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Con
Traceable
Not anonymous, transactions can easily be tracked.
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Pro
Fast
3 to 5 latency.
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Pro
Huge partnerships
MoneyGram, Bank of America, American Express, Central Banks, etc
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Pro
Allows issuing debt via IOUs
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Pro
Can pay directly to Bitcoin users
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Experiences
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10
2
IOTA
All
5
Experiences
Pros
2
Cons
3
Top
Con
Centralized
IOTA is currently partially centralized due to its "coordinator" which is expected to be soon removed.
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Top
Pro
Anonymity - Coming Soon
Anonymous Transactions and messaging is on the roadmap!
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Top
Con
Unproven consensus mechanism
The new consensus mechanism is unproven against attack. Mana can be rented.
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Pro
Fully Decentralized
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Con
Not as Secure
It is arguably not as secure as other cryptocurrencies like NANO.
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Free Software
2
2
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