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 inCryptoMarkets
Posted by SadInterjection
22 Comments
What about BCH? It could really benefit from more exposure.
Ethereum
Probably Algorand? They have over 3500+ nodes as the hardware requirements are super low. Cheap transactions and the transactions are final once the block is selected so no rollbacks. They also have 100% uptime. Pretty undervalued project too. Their marketing dept run by a bunch of nerds who are too humble and polite for this space.
CHATGPT XMR
Kaspa 😉
Spx6900 is most decentralized and has huge upside, DYOR
Guessing Litecoin is what you need. I don’t have any, I like the idea of creating healthy, sustainabile business utility to also be part of the ecosystem. And more reward potential, though won’t be surprised if whales decide to pump ltc.
Cardano
You learn in crypto 101 that it’s Monero.
Monero
Invest in tech coins not hype ones. Look at Autonomi. Small marketcap, world changing tech.
It’s Cardano. Cardano takes decentralization very seriously that’s also a reason why it’s taken so long to build. It’s now in a position where fundamentals are laid out and everything that’s going to be built on top will take less and less time. A price of 0.17 ada/tx doesn’t seem that high to me if you’re not doing lots of small value tx.
Also other solutions are coming soon, like L2 optimistic rollups, ZK rollups, side chains. With these the tx costs is (will be) absurdly low without compromising decentralization.
Ummm QUBIC is very decentralized
Check IOTA
Easily Kaspa, its the fastest proof of work around.
Fast, scalable and decentralized.
Check our r/kaspa. There are tons of comparisons for speed and the fees are super cheap. Like 0.001 Kas cheap
You will not find any. Decentralisation means not scalable enough. Real usage in crypto sells you every project, though 99.99% of the projects only exists to make the team rich. SPX6900 might be a new Bitcoin. Community of believers which believe to be a new Bitcoin. Real usage is to bring people together, no team dumping tokens. Time will tell if we succeed with our mission. 💹🧲
Kaspa
Chia is one of the most decentralized tokens available. At one time, they had 300000 bps.
XMR
Metis is the only one with a decentralized sequencer
There is only 1 coin that is truly decentralized and that’s Bitcoin.
All other coins like to claim that but the truth is nothing is so safe and immutable like Bitcoin and of course because of the network effect always the best bet for long term holding.
FET