Hey everyone, I have been into the idea of crypto for a while but Im having a hard time finding a project I would d actually want to invest in for the long haul. My problem is that I have a couple of things that are really important to me.
First it has to be actually decentralized. I mean properly resistant to any kind of outside control or censorship. Thats the whole point of this stuff for me.
Second, it has to be usable. The transaction fees need to be low enough that you could use it for normal everyday things without thinking twice.
Bitcoin feels like the king of decentralization, but lets be real, the fees make it completely impractical for most payments. Then there is Lightning network or Bitcoin cash, really don't know…
And you have a lot of other coins that are super fast and cheap, but it feels like they sacrifice a lot of their decentralization to get there.
A deflationary model would be a cool bonus, but honestly that's not the most important thing for me. The main thing is that combination of real decentralization and low fees.
So I'm wondering what you all think. Are there any projects out there that manage to get this balance right?
Just curious what you think has the best genuine, longterm potential and real life usability?
Which crypto is truly decentralized but also cheap enough to actually use?
byu/SadInterjection inCryptoTechnology
Posted by SadInterjection
5 Comments
If you want to be conservative, use Litecoin – it’s exact copy of BTC code except with faster blocks.
If you think Bitcoin blocks should be much larger to accommodate more users then use BCH (Bitcoin Cash)
If you’re into decentralised finance and smart contracts, consider using Ethereum rollups (Base, Arbitrum, Zk-Sync). Rollups still have centralized sequencing but they can’t cheat you out of your funds – they offload consensus security to main Ethereum chain
r/Cardano or r/Vechain I’d say.
Investing – BTC.
Transactions – Stable coins or any shitcoin that comes in handy..
BTC is still both and doesn’t have competition.
That’s the right questions we need to ask in crypto community