• nizky
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    5 years ago

    Monero is good with it’s privacy features. Also, they have some good features inherited from the bytecoin design: smooth emission curve, dynamic blocksize limit. But it has disadvantages anyway:

    • Transactions size is ten times larger than in bitcoin. If monero has as much txs as in bitcoin its blockchain will growth ten times larger and/or fees will be significally higher;
    • Lack of infrastructure and real world use. Breaking changes happen often and prevent from integrations in apps;
    • No active develop or research of Lighning Network/payment channels or other scalling solutions like sharding. Lack of activity makes onchain txs enough. LN cannot be activated in one moment by pushing a button. It needs channel infrastructure, routing network and apps to be created;
    • ASIC resistance PoW algo makes 51% attack easier. With a block reward reduction to it’s minimum in 2022 attack will be even cheaper;
    • Benefits for early participation with the emission curve make it harder to get adoption.