4
User
Recs.
Recs.
22
Updates
Last
Updated
Updated
Activity
23 Options
Specs
Specs are quantitative aspects of the option such as the price
Pros
Know any positive aspects of this option?
Cons
Con Takes a long time for transaction to confirm
It takes on average 10 minutes for a block to be added to the blockchain. You may want to wait for multiple blocks to be added to the blockchain to be sure that there's no tampering happening with the blockchain. The usual recommendation for larger transactions is to wait for 6 blocks before confirming the transaction which comes down to an hour on average.
Know any negative aspects of this option?
Recommendations
Bitcoin
3 years ago
Slow and expensive. Transactions take between 10 minutes and multiple days. I've paid transaction fees between $5 and $80. And one transaction uses the same energy as driving 3300 miles with a electric car. Do you really want to use something like this?
Pro
Biggest market capitalizationCon
Takes a long time for transaction to confirmPro
Most widely accepted cryptocurrency by merchantsCon
Mining is expensiveCon
Big whales manipulating priceCon
VolatileCon
OverpricedCon
ToxicityCon
Terrible for the environment