/biz/ - Business & Finance

Apologize

When does it end

pros
-completely feeless
-instant
-scaleable to at least 700 tps
-requires no mining/not bad for the environment
-doesn't save all the transactions, just the balance of each account, so it takes up minimal space on nodes (by comparison ethers blockchain is already at 1TB)
-has no inflation/cannot have inflation. at all. all coins have already been distributed.
-active team, currently testing beta of new version
-doesn't need the added complexities of the lightning network to scale
-only 133 000 000 coins, owning 6 of these is the equivalent of owning 1 bitcoin in terms of % of the network (compare this to xlm)
-costs only $1.6 (ATH was $34)

cons
-no smart contract support
-people got the coins for free so have been dumping them (but this has been going on for a long time so maybe it's not such a big deal anymore)