When comparing IRC vs Element (formerly Riot), the Slant community recommends Element (formerly Riot) for most people. In the question“What are the best open source alternatives to Slack?” Element (formerly Riot) is ranked 2nd while IRC is ranked 5th. The most important reason people chose Element (formerly Riot) is:
You're not confined within Element's or even Matrix garden, and you don't have to make users of other networks switch to Matrix.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Open protocol
The IRC protocol is public and open, it is mature and stable, and has been implemented in numerous projects. This means that it can be used freely, for both open-source and commercial projects.
Pro Versatile
IRC offers choice. Choice in clients (mobile, desktop, web), in scripts those clients run, in servers and features those servers have. You can even set up your own server.
Pro Less distracting
Compared to other common solutions, IRC can be ignored when you are occupied doing something else. Most clients don't pester you with sounds or distracting visuals.
Pro Mentions
Every notable IRC client supports mentions - notifying you when your name is mentioned in the chat. The mentions in IRC are comparably better than Discord. Mentions used in Discord are easily abused; this doesn't happen in IRC. If someone's talking about you, you get a notification in IRC. This doesn't happen in something like Discord.
Pro Hundreds of avaliable clients
IRC has been around since 1988, so there is a ton of existing software to work with it. Everything from clients, to chat bots, to bouncers is already built.
Pro IRC networks are not centralized
You can choose your favorite server for an IRC network.
Pro No account necessary
No need to sign up for access, confirm your e-mail address. Just choose a nickname and you're done.
Pro User-friendly
IRC is user friendly if you use something like hexchat or kiwi webchat.
Pro DCC
Direct Client-to-Client allows users to share files in a similar way to torrenting.
Pro Great historic importance
Twitter hashtags came from IRC channel names.
Pro Upcoming IRCv3 will provide missing features
Pro Bridges to other networks
You're not confined within Element's or even Matrix garden, and you don't have to make users of other networks switch to Matrix.
Pro Markdown support
Code snippets in chats can be highlighted with Markdown.
Pro Simple interface
Element has a very simple interface, adding the ability for more inexperienced users to use it.
Pro VOIP and Videoconferencing
Pro Supports encryption
Element allows for fully encrypted text, voice, and video chatting.
Pro Widgets support
Want to watch that flick at YouTube and discuss it at the same time? Have Grafana graphs stacked above your DevOps team chat? Collaboratively edit Google Docs and chat over without switching applications? This is possible with Element.
Pro Decentralized
An open network for secure, decentralized communication.
Pro Self-hosting and federated network
Pro Libre/open source
Pro Search
Search messages in your current room, or all the rooms you're in. Not subject to a message history limit like Slack.
Pro Cross platform
Web browser
Linux
OS X
Windows
Android
iOS
Pro Large existing community
With public rooms for many people, and you can create your own and let people from the community join.
Pro Etherpad real-time document collaboration
An easy to activate integration that allows multiple authors to edit a document simultaneously.
Pro File Sharing
Pro Supports text, voice, video
Cons
Con Complex and not user friendly
Con Assumes some level of prior knowledge
The features are not discoverable the way they are in other apps and services.
Con You have to "idle" to see what's going on
You will see a blank chat screen at first because there is no recent history kept on servers.
Con Can be addictive
Con Poor multimedia support
Sending anything besides text is not easy or intuitive and depends on the client.