When comparing ConsoleZ vs Extraterm, the Slant community recommends ConsoleZ for most people. In the question“What are the best terminal emulators for Windows?” ConsoleZ is ranked 17th while Extraterm is ranked 33rd. The most important reason people chose ConsoleZ is:
In ConsoleZ, the user can split a tab into different views either horizontally or vertically.
Specs
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Pros

Pro Supports splitting tabs into views
In ConsoleZ, the user can split a tab into different views either horizontally or vertically.

Pro Fullscreen support
ConsoleZ can be opened in fullscreen.
Pro Small, portable installation
Install to OneDrive/Dropbox/Google Drive and your setting will be consistent everywhere.
Pro Supports typographic ligatures
Typographic ligatures occur when there are two or more letters joined as a single glyph, such as "æ".
Pro Easy transition from Console2
Being a fork of Console2, ConsoleZ is fully compatible. It even recognizes existing Console2 config files, making the transition easier.

Pro Input sent to one view can be sent to all
ConsoleZ allows for grouping of open views (panes) so that if an input is sent to one of them, it can be sent to all views grouped with it automatically.
Pro High DPI
This means that the display screen in ConsoleZ is sharp.

Pro Drop-down animation support
ConsoleZ can be used as a drop-down terminal inspired by the famous Quake terminal. Once opened, it can be toggled with a key of the user's choice. This makes it easier to have access to it from any window instead of having to cycle through all open applications.

Pro Localization support
ConsoleZ is available in French, Russian, German, and Japanese.

Pro Zooming with Ctrl-Mouse
The user can easily zoom by simply pressing Ctrl-Mouse.

Pro Windows 7 Jump List makes the user's life easier
Jump List is a useful feature that allows the user to view recent documents in a program that is pinned to the taskbar.

Pro Snippets
Pro speed
not the fastest ever, but for me its a good comprimise of features vs performance
Pro Cross platform
Pro Supports tab, splits and panes
You can set up your own layout with multiple splits and tabs.
Pro Shell integration
The shell integration makes it possible to group in command output in "frames" which show success/failure.
Pro Image support
You can view images and other data types like audio directly in the terminal.
Pro Keyboard based text selection
It is possible to go into a cursor mode where you can select text just like in a text editor. It even supports multiple cursors.
Pro Global shortcuts
You can configure global shortcuts to open the terminal.
Pro Keyboard friendly "Command Palette"
Just like Sublime, Atom and VSCode you can easily search and find commands from the drop down Command Palette.
Cons
Con You can't scroll up and down for command history as those keys are bound to the scrollbox
Con No way to open pre-created tabs on startup
If you want to setup a certain number of tabs to automatically run pre-defined scripts in ConsoleZ or Console 2, you can't. You have to open everything manually every time you start the application.
