Recs.
Updated
Alacritty is a modern terminal emulator that comes with sensible defaults, but allows for extensive configuration. By integrating with other applications, rather than reimplementing their functionality, it manages to provide a flexible set of features with high performance. The supported platforms currently consist of BSD, Linux, macOS and Windows.
The software is considered to be at a beta level of readiness; there are a few missing features and bugs to be fixed, but it is already used by many as a daily driver.
SpecsUpdate
Pros
Pro Fast and simple but with true color support
It's simple and fast like xterm or urxvt but with truecolor support which is a big plus if you use a terminal based code editor. Basically Alacritty has all the features you need and nothing you don't (if you're using tmux for multiplexing).
Cons
Con Sacrifices basic features for raw performance
The Suzuki GSXR of terminals. Or your ditzy, blonde high school cheerleader; fast and pretty but not a lot going on under the hood.
Eschews a negative developmental philosophy towards including said functionality, with the official reason cited in project documentation as "Not within the realm of a terminal emulator" and ostensibly, "best left up to other tools such as terminal multiplexers" [such as screen or tmux]. Which is unfortunate when you factor in speed against terminal with the functionality built in vs their reliance on 3rd party tools:
tmux on alacritty: 'find /usr' time: 3.234s, cpu: 72%
tmux on konsole: find /usr' time: 1.777s, cpu: 96%
See issue here.
Recommendations
Comments
Flagged Pros + Cons
Con Deprecated by the author
From official repo, by the author: "Termite is obsoleted by Alacritty."
Out of Date Pros + Cons
Con No text re-flow when window is resized
Latest versions not only perform re-flow, but it is done fast af.