Raven Protocol Preis

What do you look for when choosing crypto to invest in?

<!-- SC_OFF --><div class="md"><p>What are some of the things you look for in a currency before investing?</p> <p>For me, there's a few things that I look for. </p> <ol> <li>Fair launched - I don't want to participate in a project that has more private holders than retail. </li> <li>Anyone can participate in concensus. For POW that means it must be ASIC resistant. Monero can be CPU mined, some coins can still be GPU mined (ergo, raven, and a small handful of others). That's essential for me. ASICs are specialized hardware and only the wealthy can afford to risk buying a $60k device months before it's made from a random Chinese company and hope the ROI doesn't disappear before you receive the item. It's also too easy to control the supply chain. For PoS, I think the minimum for eth is around $100k worth. That to me is centralized because only the rich can participate. On other projects like cardano and algo, anyone can participate in consensus through staking. </li> <li>Smart contracts - I feel all new crypto projects should provide smart contract support. </li> <li>Native token support - you shouldn't need to use smart contract code to add support for tokens such as NFTs and Fungible tokens. These are essential for all block chains but building this on top of smart contracts makes it too easily exploitable. </li> <li>UTXO based - the accounting model was fine when nobody was using it. Gas fees now are way too high. You shouldnt have to choose your favorite L2 to be able to afford to use a cryptocurrency. UTXO smart contracts do not cost gas fees. BTC uses the UTXO model and it works great for third gen crypto too</li> <li>Non-centralized - if validators are chosen by a central party, that's not crypto, that's a bank with extra steps. Crypto kinda sucks.. it can be slow. We accept that because it provides 100% trustless transactions between parties anywhere in the world. If you bring centralization to make it faster, you lose all the advantages. At that point, why use crypto? Just let me transact instantly with visa and my bank. </li> </ol> <p>What are your criteria?</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/esot321c"> /u/esot321c </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yogmmq/what_do_you_look_for_when_choosing_crypto_to/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yogmmq/what_do_you_look_for_when_choosing_crypto_to/">[comments]</a></span>