LTC is garbage. ETH isn't really great as a currency, it's more of a distributed computing system that's not mature yet and transaction costs are going to be very high for a few years.
BTC is alright when the network isn't too busy, Doge is a meme but actually works better than Bitcoin.
Monero is the most important one of all because it protects your privacy and actually functions like a real currency. With basically all other cryptocurrencies the amount in your account, your transaction history, and the history of all coins you've ever owned are public. That's not really a currency in the way we think of it.
Cardano is trying to be ETH and it's not really even functional at all yet. It's still in testnet. We've seen this before with EOS, ETH killers don't really have a use case. The team seems schizophrenic and the founder advocated for backdoors in crypto that authorities could use (along with the Zcash guy which is supposedly a privacy solution). Lastly I'm skeptical of any coin that's simply created out of thin air and simply distributed. That looks like a scheme to me rather than a currency. ETH is going to get rid of mining eventually but all of it's original coins are created from mining which is a fair distribution that's earned through investment and actual physical value. Many times it's happened with projects like this that the development team decides they need more money so poof! They create 10 million more coins. The whole point of crypto is that it's trustless. I personally call it a complete shitcoin.
I don't know a lot about DOT, my impression is that it's more of an approach that'll be incorporated into other things than a great thing in and of itself. It kind of looks like a copy of Nexus to me but I haven't bothered to do much research.
LTC is garbage. ETH isn't really great as a currency, it's more of a distributed computing system that's not mature yet and transaction costs are going to be very high for a few years.
BTC is alright when the network isn't too busy, Doge is a meme but actually works better than Bitcoin.
Monero is the most important one of all because it protects your privacy and actually functions like a real currency. With basically all other cryptocurrencies the amount in your account, your transaction history, and the history of all coins you've ever owned are public. That's not really a currency in the way we think of it.
Cardano is trying to be ETH and it's not really even functional at all yet. It's still in testnet. We've seen this before with EOS, ETH killers don't really have a use case. The team seems schizophrenic and the founder advocated for backdoors in crypto that authorities could use (along with the Zcash guy which is supposedly a privacy solution). Lastly I'm skeptical of any coin that's simply created out of thin air and simply distributed. That looks like a scheme to me rather than a currency. ETH is going to get rid of mining eventually but all of it's original coins are created from mining which is a fair distribution that's earned through investment and actual physical value. Many times it's happened with projects like this that the development team decides they need more money so poof! They create 10 million more coins. The whole point of crypto is that it's trustless. I personally call it a complete shitcoin.
I don't know a lot about DOT, my impression is that it's more of an approach that'll be incorporated into other things than a great thing in and of itself. It kind of looks like a copy of Nexus to me but I haven't bothered to do much research.