When comparing xterm vs cool-retro-term, the Slant community recommends xterm for most people. In the question“What are the best terminal emulators for UNIX-like systems?” xterm is ranked 13th while cool-retro-term is ranked 18th. The most important reason people chose xterm is:
Xterm is a very lightweight terminal. It requires few resources, allowing it to run well even on lower-end machines.
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Pros
Pro Lightweight
Xterm is a very lightweight terminal. It requires few resources, allowing it to run well even on lower-end machines.
Pro Used in almost every Linux distribution
If you master xterm, you won't have to learn another tty, since it is in almost every Linux distribution.
Pro Stable, well-tested
Pro Standard with X Window system
Xterm is installed as standard software with the X Window system, and is there even when installing other terminal emulators.
Pro Supports sixel images
Pro Shows full characters for wide fallback fonts
Many terminal emulators that deal with wider fallback fonts (i.e. double-wide characters in CJK fonts) truncate display of wide characters, show Unicode "missing glyph" characters, or simply fail to display the characters at all. XTerm is "smart" enough to simply take up the extra space needed to show such wide characters.
Pro In about 30 years, it had only one issue, and that was fixed quickly
Pro It is fast and responsive
See this.
Pro Many modern terminals emulate xterm
Many terminal applications, such as OS X's Terminal.app and iTerm2 (among others), all claim xterm or xterm- variants as their $TERM and aim for support of xterm's escape sequences. Many command-line applications will assume or even hard-code escape-sequences and behavior for xterm and those terminals emulating it.
Pro Configurable via Xresources
X Toolkit resources and xrdb predates what is currently called "theme". Although one needs to read man, mitigates most listed cons
Pro Mimics the look and feel of the old cathode tube screens
Cool-retro-term mimics the look of old cathode screens. This is just aesthetic, but great for people who want a more retro feel.
Pro Good rendering
If you disable every special effect and the framing, the rendering is actually quite comfortable and readable making a good terminal option if you have CPU cycles to spare.
Pro Good fun
For simple tasks this is wonderful - anyone seeing it will love it, takes me back to using the Commodore Pet in college in the early 80's.
Pro Available in multiple repositories
This terminal is available for download from repositories in all the most popular distros, making it easily available.
Cons
Con No native transparency
Xterm does not natively support transparency (though it can be emulated if needs be).
Con Bad defaults
Very small default size. No way to know to how to configure size.
Con No tabs
Con It blinks
If it blinks for you too, you can try this: man xterm
and then press Shift+G.
Con Has few dependencies
Has dependencies like xbitmaps.
Con Historical source code
The stories behind terminal emulation beyond their classical representatives (of which xterm is simply the most long-lived) are somewhere inbetween subtly irritating to downright surreal.
Con Not very practical by today's standards
While it certainly has an aesthetic feel, cool-retro-term is nothing more than a cool trick if you want to play around. It's not very useful in this day and age.
Con Extremely heavy and impactful on resources
A massive amount of resources are used as graphical processing in cool-retro-term. They are ridiculously heavy for the terminal's intended use.
Con Large dependency on kde
It looks like many of the effects present here are provided by more or less stock kde effect libraries. For Gnome-based systems, installing this will pull in a large handful of kde libs.