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This page displays a ranking of all 29 sample cryptocurrencies according to the factors for adoption. An infographic with the results can be accessed here. The full dataset as an excel file can be accessed in the đŠDownloads. Category Overview
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Points are awarded from 1 (poor) to 5 (excellent) in all categories and multiplied by the respective ranking coefficient for the final ranking. Final Ranking
Stablecoins
The five examined stablecoins are all pegged against the US-Dollar. Three of them are FIAT-backed, one is crypto-backed, and the remaining one is algorithmic-backed.
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Stablecoins depend on another blockchain, with most being available on multiple chains. Therefore, the network of choice also determines properties such as transaction speed and costs. Symbol | Name | Type | Points | Best Blockchain | Total | Ranking |
|---|
| Tether | FIAT | 22 | 57 (SOL) | 79 | 1 |
| USD Coin | FIAT | 21 | 57 (SOL) | 78 | 2 |
| Dai | Crypto | 18 | 57 (SOL) | 75 | 3 |
| TerraUSD | Algorithmic | 15 | 57 (SOL) | 72 | 4 |
| Binance USD | FIAT | 15 | 38 (ETH) | 53 | 5 |
The first points column displays the points the stablecoin scored itself in the categories of usability, availability, acceptance, success, and the stablecoin category. The total column adds the points of the best scoring supported blockchain in the remaining categories to the previous points column for the total points.
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USDT takes the top spot in the stablecoin ranking. The top 4 are all available on the best-rated Solana Blockchain.Cryptocurrencies
This ranking comprises 24 selected payment cryptocurrencies plus the upcoming upgrade of Ethereum to proof of stake as ETH2.
Ticker | Name | Type | Consensus | Points | Ranking |
|---|
| Solana | Coin | Proof of History | 71 | 1 |
| Ethereum 2.0 | Coin | PoS | 67 | 2 |
| Fantom | Coin | PoS | 67 | 2 |
| Avalanche | Coin | PoS | 64 | 3 |
| XRP | Coin | XRP Consensus | 63 | 5 |
| Polkadot | Coin | PoS | 63 | 5 |
| Algorand | Coin | PoS | 63 | 5 |
| Terra | Coin | dPoS | 62 | 8 |
| EOS | Coin | dPoS | 62 | 8 |
| Cosmos | Coin | PoS | 61 | 10 |
| Bitcoin Cash | Coin | PoW | 61 | 10 |
| Stellar | Coin | Stellar Consensus | 60 | 12 |
| NEAR Protocol | Coin | PoS | 58 | 13 |
| Bitcoin | Coin | PoW | 57 | 14 |
| Ethereum | Coin | PoW | 57 | 14 |
| TRON | Coin | dPoS | 57 | 14 |
| Litecoin | Coin | PoW | 56 | 17 |
| Elrond | Coin | PoS | 56 | 17 |
| Cardano | Coin | PoS | 54 | 19 |
| Harmony | Token | PoS | 53 | 20 |
| Polygon | Token | PoS | 52 | 21 |
| Binance Coin | Coin | dPoS-A | 50 | 22 |
| Cronos | Coin | PoS | 50 | 22 |
| Dash | Coin | Hybrid PoW & PoS | 50 | 22 |
| Dogecoin | Coin | PoW | 47 | 25 |
The ranking results directly from the points of all the following categories.
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SOL takes the top spot in the cryptocurrency ranking. According to the factors analyzed, Solana scored the most points and is thus the blockchain best suited for payments. Solana is one of the best-rated cryptocurrencies in all technical factors, lagging others only in availability and acceptance.Current Success
The current success of a cryptocurrency is measured by market capitalization, the transaction volume of the last 24 hours, the number of estimated users, and two third-party ratings. The first three metrics are related to the availability and accepting venues, which generally describe current ecosystem adaptation.
Furthermore, all three metrics indicate the levels of trust in a cryptocurrency and therefore confer legitimacy. The third-party ratings evaluate the current success with additional metrics.
Ticker | Marketcap | Volume (24h) | Users | FCAS | TokenInsight | Success Points |
|---|
| 666,077,264,476 âŦ | 16,019,084,896 âŦ | 40,923,100 | A- | AA | 5 |
| 302,697,809,541 âŦ | 11,931,129,125 âŦ | 175,000,000 | B+ | A | 5 |
| 70,595,960,329 âŦ | 43,457,313,386 âŦ | 4,107,963 | | B | 5 |
| 18,460,010,435 âŦ | 1,265,228,126 âŦ | 2,300,000 | B | BBB | 4 |
| 55,414,142,441 âŦ | 1,214,635,574 âŦ | 5,871,293 | B+ | BBB | 4 |
| 5,357,425,928 âŦ | 3,736,016,896 âŦ | 22,095,000 | C+ | BB | 4 |
| 26,999,236,969 âŦ | 1,036,840,552 âŦ | 3,960,000 | C | BBB | 4 |
| 16,241,546,032 âŦ | 1,304,314,809 âŦ | 1,170,000 | B | BBB | 4 |
| 26,251,265,489 âŦ | 1,737,295,687 âŦ | 7,372,071 | B | BBB | 4 |
| 47,287,255,537 âŦ | 3,286,557,645 âŦ | 1,393,975 | | A | 4 |
| 5,096,790,450 âŦ | 200,699,890 âŦ | 23,502,091 | B- | BB | 3 |
| 7,613,949,742 âŦ | 967,786,556 âŦ | 1,283,000 | B- | BBB | 3 |
| 8,568,289,196 âŦ | 203,698,320 âŦ | 461,662 | | BB | 3 |
| 4,097,921,338 âŦ | 947,669,828 âŦ | 2,501,730 | B- | BB | 3 |
| 6,800,409,450 âŦ | 716,480,031 âŦ | 4,763,000 | | BB | 3 |
| 5,297,263,353 âŦ | 357,882,884 âŦ | 5,080,888 | | BB | 3 |
| 10,389,743,285 âŦ | 851,440,985 âŦ | 386,563 | B | BBB | 3 |
| 4,341,808,329 âŦ | 251,150,686 âŦ | 4,300,000 | C+ | BB | 3 |
| 26,175,888,343 âŦ | 2,851,610,400 âŦ | | | BBB | 3 |
| 5,384,997,357 âŦ | 930,461,682 âŦ | 1,749,000 | B- | | 3 |
| 32,461,679,830 âŦ | 2,944,057,976 âŦ | 3,682,355 | D | BBB | 3 |
| 16,103,744,588 âŦ | 3,686,284,601 âŦ | 94,300 | | | 2 |
| 9,440,674,686 âŦ | 85,035,192 âŦ | 228,675 | | BB | 2 |
| 892,111,058 âŦ | 132,285,822 âŦ | 1,464,678 | B | BB | 2 |
| 15,105,591,737 âŦ | 490,990,675 âŦ | 4,221,700 | D | BB | 2 |
| 2,779,005,218 âŦ | 173,051,704 âŦ | 1,425,163 | C+ | | 2 |
| 1,904,140,383 âŦ | 262,297,267 âŦ | 4,961,754 | B- | BB | 2 |
| 1,641,917,911 âŦ | 240,668,661 âŦ | 1,079,000 | B- | BB | 2 |
| 11,286,134,133 âŦ | 441,339,630 âŦ | 33,072 | | | 2 |
Since an exact number of users cannot be determined, the number of existing wallets is considered the best estimate for the number of users. The Fundamental Crypto Asset Score (FCAS) asses the fundamental health of a cryptocurrency and comprises user activity, developer behavior, and market maturity as its main factors. The scores range from A+ being the best to F being the worst. Similarly, the TokenInsight rating encompasses team, project, and ecosystem metrics and ranks cryptocurrencies from AAA to D.
Additional Points Information All coins and tokens with a market cap of at least 5 billion, 1 billion transaction volume, and 1 million users obtain 4 points. If one of these three metrics is in the three-digit area in Table 4, the cryptocurrency gets 3 points. If any value is below 100 or the market capitalization is below 4 billion, only 2 points are awarded. Lastly, 1 point is deducted if one rating score is low, which is the case for XRP and DOGE.
Security & Decentralization
Security is an essential requirement, but it does not matter which cryptocurrency is one security point better in the consumer decision. The systems themselves are considered secure, but users have to take on the responsibility to secure their holdings. The security of a cryptocurrency depends heavily on the consensus algorithm used.
PoW-based cryptocurrencies secure themselves with the network's available computing power which can be measured using a hash rate. An attacker would need to secure more than 50% of the available hash rate to conduct a successful attack.
PoS-based cryptocurrencies are secured by the value of the staked coins or tokens. An assailant conducting a 51% attack would need to own more than half of the stake.
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The decentralization of a cryptocurrency influences security and creates trust.
Ticker | Consensus | Staked Value | Hashrate | Security Points |
|---|
| Proof of History | 34,403,190,409 âŦ | | 5 |
| dPoS | 26,605,518,088 âŦ | | 5 |
| PoS | 25,226,762,357 âŦ | | 5 |
| PoS | 20,341,880,754 âŦ | | 5 |
| PoW | | 153.967 EH/s | 5 |
| PoS | 16,945,059,899 âŦ | | 4 |
| PoS | 10,825,326,209 âŦ | | 4 |
| dPoS-A | 7,006,391,754 âŦ | | 4 |
| PoS | 5,131,985,867 âŦ | | 4 |
| PoS | 4,256,099,319 âŦ | | 4 |
| PoS | 3,873,745,463 âŦ | | 4 |
| PoS | 3,613,539,884 âŦ | | 4 |
| PoS | 2,489,692,501 âŦ | | 4 |
| PoW | | 1.39 EH/s | 4 |
| PoW | | 1.06 PH/s | 4 |
| PoS | 808,647,179 âŦ | | 3 |
| dPoS | 719,443,814 âŦ | | 3 |
| Hybrid PoW & PoS | 416,270,592 âŦ | 3.87 PH/s | 3 |
| PoS | 1,653,856,467 âŦ | | 3 |
| PoS | 1,539,402,674 âŦ | | 3 |
| dPoS | 1,241,022,717 âŦ | | 3 |
| PoW | | 494.68 TH/s | 2 |
| PoW | | 299.64 TH/s | 2 |
| XRP Consensus | | | 1 |
| Stellar Consensus | | | 1 |
Note that ETH has an ASIC-resistant algorithm, which results in a lower hash rate for similar security. For the decentralization table, the nodes represent the number of active validators or miners.
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XLM and
XRP use a different consensus and secure themselves with the reputation of publicly known nodes. However, there are only a handful of organizations validating transactions on the networks leading to concerns about concentrated attacks on specific nodes undermining the network. Therefore, both only receive only 1 point for security as well as for decentralization.Additional Points Information Decentralization: All cryptocurrencies with under 50 nodes like EOS also receive 1 point, while FTM collects 2 for having 64 validating nodes. Coins and tokens with over 100 nodes obtain 3 points for a decent decentralization, while those with 1,000 or more get 4 points. The most decentralized cryptocurrencies like BTC or ETH2 attain maximum points.
Security: For all examined PoS cryptocurrencies an attack would cost a minimum of over 200 million Euros. As this would also undermine the attacker's investment in the cryptocurrency, an attack is improbable. Therefore, all PoS-based cryptocurrencies receive at least 3 points as they are secure. Still, the staked value differs substantially within the sample ranging from 34 billion to 416 million. SOL, LUNA, ETH2, and ADA all have a stake of over 20 billion, making an attack by a single entity almost impossible. Therefore, these four receive the highest number of points possible. All PoS coins and tokens that require an investment of at least one billion for an attack receive 4 points. Achieving control over the Bitcoin blockchain, which has the highest hash rate, would cost an estimated 13.5 billion dollars. Because of the gap in hash rate, BTC is the only PoW cryptocurrency receiving 5 points. It is generally more expensive to conduct a 51% attack on the examined PoS systems.
Transaction Costs and Throughput
Transaction costs and throughput are two essential factors for a cryptocurrency that vary widely across the sample. Both aspects are compared to the three established payment options Visa, Mastercard, and PayPal. These payment options are a vital benchmark as cryptocurrencies need to at least match these factors to become a suitable means of payment.
Name | Transaction Fee | Throughput (TPS) | Type |
|---|
| 1.43% - 2.4% | 1,700 | Credit Card |
| 1.55% - 2.6% | 5,000 | Credit Card |
| 3.49% + 0.39âŦ | 193 | Payment Processor |
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As seen above, the standard payment options have a transaction fee of 1,43% - 3,49%.
Visa operates at an average throughput of 1,700 transactions per second (TPS). Outside of
BTC and
ETH, cryptocurrencies are relatively cheap and are inexpensive compared to the standard payment options. This is especially relevant for the fee-paying merchants. Additionally, cryptocurrencies like
SOL outperform
Visaâs TPS. Ticker | Transaction Fee ($) | Cost Points | Throughput (TPS) | Throughput Points |
|---|
| 0 | 5 | 4,000 | 4 |
| 0.0000001 | 5 | 25,000 | 5 |
| 0.000004 | 5 | 4,500 | 4 |
| 0.00001 | 5 | 3,000 | 4 |
| 0.00001 | 5 | 100,000 | 4 |
| 0.0001 | 5 | 2,000 | 4 |
| 0.0002 | 5 | 1,000 | 3 |
| 0.0002 | 5 | 1,500 | 3 |
| 0.0002 | 5 | 50,000 | 4 |
| 0.00025 | 5 | 50,000 | 5 |
| 0.001 | 4 | 15,000 | 5 |
| 0.001 | 4 | 46,000 | 4 |
| 0.003 | 4 | 116 | 2 |
| 0.01 | 3 | 56 | 1 |
| 0.01 | 3 | 10,000 | 5 |
| 0.04 | 3 | 56 | 1 |
| 0.10 | 2 | 1,000 | 3 |
| 0.1 | 3 | 2,000 | 4 |
| 0.1%-1% | 2 | 10,000 | 5 |
| 0.23 | 2 | 33 | 1 |
| 0.35 | 2 | 160 | 2 |
| 0.41 | 2 | 7 | 1 |
| 1.55 | 1 | 5 | 1 |
| 6.00 | 1 | 15 | 1 |
| | 1 | 100,000 | 4 |
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A lot of cryptocurrencies achieve transactions costs at a fraction of a cent.
EOS has free transactions while
FTM transactions only cost 0.0000001$. âŗ
The European Central Bank estimates a throughput requirement of at least 10,000 TPS to settle any transaction denominated in Euro. This number is exceeded by the, in this regard, best performing cryptocurrencies
SOL and
FTM. â ī¸
Regarding TPS, the numbers of
ETH2,
CRO,
NEAR, and
ALGO are all development goals and are not achieved yet. Also, the high numbers of most have not been reached in practice as there is not enough traffic yet. However, some of them, such as
SOL, have already reached or exceeded the proclaimed numbers in test networks, which shows that they can achieve high throughput if required in the future. Therefore, high TPS numbers should be handled with care but ultimately show the aspirations and, to some extent, the speed of a blockchain. Additional Points Information Transaction fees: Regarding transaction fees, the majority outside of ETH and BTC are relatively cheap. Therefore, both receive 1 point. ETH2 also receives 1 point, as the transaction fees are not yet known but will be presumably much lower than for ETH. All cryptocurrencies with average transaction costs of under 1$ obtain 2 points while ones under 0.1$ get 3 points. Fees under a fraction of a dollar are assessed 4 points. Coins and tokens with the lowest transaction cost like SOL, EOS, and FTM get maximum points.
Throughput: The ones with a TPS lower than 100 receive 1 point. Throughputs in the range of PayPal, such as BNB and BCH, get 2 points. Cryptocurrencies with a TPS of 1000 or above pick up 3 points while ones outperforming Visa's average throughput attain 4. Best-in-class coins with a five-digit TPS achieve maximum points for fulfilling the estimated requirement of the European Central Bank (10,000).
Transaction Speed
Measuring the speed of a cryptocurrency for a single transaction is done via blocktime marking the lowest possible transaction time on a blockchain. Points are mainly awarded for this metric. The number of recommended confirmations varies for every accepting entity. The more secure and trusted networks get over time, the lower the number of confirmations deemed safe. Time to finality multiplies the blocktime with the number of confirmations but can be understood as an upper limit decreasing over time.
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The industry is moving towards zero-confirmation transactions, and the number of confirmations is especially irrelevant for small transactions.
Visa requires a 2.4-second confirmation time for the entire point-to-point path.Ticker | Blocktime (s) | Recom. Confirmations | Time to Finality (s) | Speed Points |
|---|
| 0.4 | 15 | 6 | 5 |
| 0.5 | 1 | 1 | 5 |
| 1 | 1 | 1 | 5 |
| 1 | 1 | 1 | 5 |
| 1 | 12 | 12 | 4 |
| 2 | 1 | 2 | 4 |
| 2 | 10 | 20 | 4 |
| 2 | 12 | 24 | 4 |
| 2 | 20 | 40 | 4 |
| 4 | 1 | 4 | 4 |
| 4 | 1 | 4 | 4 |
| 4 | 1 | 4 | 4 |
| 3 | 20 | 60 | 3 |
| 3 | 20 | 60 | 3 |
| 5.6 | 12 | 67 | 3 |
| 6 | 4 | 24 | 3 |
| 6 | 25 | 150 | 3 |
| 12 | 0 | | 2 |
| 13 | 12 | 156 | 2 |
| 20 | 10 | 200 | 2 |
| 60 | 40 | 2,400 | 1 |
| 150 | 2 | 300 | 1 |
| 150 | 12 | 1,800 | 1 |
| 600 | 3 | 1,800 | 1 |
| 600 | 15 | 9,000 | 1 |
The points in this category are mainly awarded for blocktime. The recommended number of confirmations is sourced from Kraken or Coinbase.
Additional Points Information Visa requires a 2.4-second confirmation time for the entire point-to-point path. Cryptocurrencies that achieve or come close to this speed receive 4 points. ATOM, EOS, FTM, NEAR, and SOL all have a block time of 1 second or below, as seen in Table 7, and attain 5 points. Coins and tokens with speeds slightly slower than Visa get 3 points, while double-digit block times obtain 2 points. BTC, BCH, DASH, LTC, and DOGE receive the fewest points because their transaction speed is in the minutes area.
Usability
Many factors influence the usability of a cryptocurrency. One of the directly influencing factors is the wallet used to store, send and receive cryptocurrencies as it manages the handling of the cryptographic keys. All wallets have this basic functionality, and the usability of one particular wallet for a particular cryptocurrency cannot be measured easily. However, the number of available wallets can be determined, which is also a factor in ecosystem adoption.
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Mobile wallets are essential for usability. Native wallets can offer additional capabilities.
Ticker | Wallet Providers | Mobile | Desktop | Native | Usability Points |
|---|
| 40 | | | | 5 |
| 40 | | | | 5 |
| 20 | | | | 5 |
| 13 | | | | 5 |
| 12 | | | | 5 |
| 12 | | | | 5 |
| 12 | | | | 5 |
| 12 | | | | 5 |
| 11 | | | | 5 |
| 11 | | | | 5 |
| 10 | | | | 5 |
| 10 | | | | 5 |
| 9 | | | | 5 |
| 8 | | | | 5 |
| 8 | | | | 5 |
| 7 | | | | 5 |
| 7 | | | | 5 |
| 6 | | | | 5 |
| 6 | | | | 5 |
| 6 | | | | 5 |
| 6 | | | | 5 |
| 6 | | | | 5 |
| 5 | | | | 5 |
| 14 | | | | 4 |
| 12 | | | | 4 |
| 11 | | | | 4 |
| 8 | | | | 4 |
| 8 | | | | 4 |
| 4 | | | | 3 |
| 4 | | | | 3 |
đ
All 30 cryptocurrencies have a mobile and desktop wallet option. A few of them differentiate themselves with a native wallet like
LUNA or
AVAX. Therefore, the usability in terms of wallets does not differ a lot between cryptocurrencies. đĄ
NEAR offers the advantage of human-readable wallet addresses instead of a public key hash. This results in a more straightforward user experience and shows how multifaceted usability aspects can be.Additional Points Information The availability of native wallets is rewarded with 5 points. ETH and USDC also receive maximum points as they provide many wallet options to the users. The remaining cryptocurrencies obtain 4 points if they have eight or more wallet options, while CRO and MATIC only get 3 points.
Availability and Acceptance
The availability and number of accepting venues are critical factors in the adoption. Both factors heavily influence whether people or stores accept payments with cryptocurrency. The number of existing market pairs measures the availability of a cryptocurrency. As this metric contains a high proportion of pure cryptocurrency pairs, the number of Euro and Dollar FIAT markets is also included.
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Better availability makes it easier for people to purchase cryptocurrencies. At the same time, a higher number of accepting venues helps with the network effect and a closed-loop economy.
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The presence of a FIAT/cryptocurrency pair is significant to simplify the process of acquiring a particular cryptocurrency without having to exchange FIAT currency for another cryptocurrency first.
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Payment gateways considerably impact the number of accepting venues as they decide which coin is supported. Estimations are that around 90% of cryptocurrency payments are processed via payment gateways.
Ticker | Markets | FIAT markets (USD / Euro) | Availability Points | Accepting Payment Gateways | Accepting Points |
|---|
| 736 | >40 | 5 | 9 | 5 |
| 9,186 | >40 | 5 | 10 | 5 |
| 572 | >40 | 5 | 8 | 4 |
| 5,524 | >40 | 5 | 7 | 4 |
| 5,524 | >40 | 5 | 7 | 4 |
| 684 | >40 | 5 | 5 | 3 |
| 28,750 | >40 | 5 | 4 | 3 |
| 452 | 32 | 4 | 7 | 4 |
| 3,128 | 25 | 4 | 5 | 3 |
| 328 | 21 | 4 | 5 | 3 |
| 369 | 25 | 4 | 2 | 2 |
| 426 | 20 | 4 | 2 | 2 |
| 314 | 27 | 4 | 2 | 2 |
| 406 | 38 | 4 | 2 | 2 |
| 571 | 29 | 4 | 3 | 2 |
| 333 | 26 | 4 | 1 | 1 |
| 777 | 17 | 3 | 5 | 3 |
| 251 | 10 | 3 | 2 | 2 |
| 191 | 19 | 3 | 2 | 2 |
| 725 | 15 | 3 | 3 | 2 |
| 159 | 10 | 3 | 2 | 2 |
| 263 | 16 | 3 | 3 | 2 |
| 201 | 19 | 3 | 1 | 1 |
| 241 | 18 | 3 | 1 | 1 |
| 301 | 9 | 2 | 1 | 1 |
| 82 | 5 | 2 | 1 | 1 |
| 107 | 5 | 2 | 1 | 1 |
| 129 | 6 | 2 | 1 | 1 |
| 3,063 | 2 | 1 | 4 | 3 |
| 84 | 3 | 1 | 1 | 1 |
The number of markets and FIAT markets is sourced from CoinMarketCap. FIAT markets only include crypto/USD and crypto/EUR pairs.
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The exact number of accepting venues for each cryptocurrency is tough to measure. For the scope of this work, the best quantifiable estimate is looking at which cryptocurrencies are offered as payment by the ten collected payment gateways.
Additional Points Information Availability: Coins with over 40 available FIAT markets from different providers achieve maximum points. A number above 19 earns 4 points, while cryptocurrencies with ten or more markets earn 3 points. ONE and BUSD only receive 1 point for having less than 5 FIAT market pairs, while the others get 2 points.
Acceptance: As every examined cryptocurrency is at least supported by one payment gateway, this results in a minimum of 1 point. It is worth noting that the older cryptocurrencies such as LTC, BTC, BCH, and ETH are more supported than the rest and, in turn, get above-average points. LTC and BTC receive maximum points for being available on 9 and 10 payment gateways, respectively.
Sustainability
The environmental sustainability of a cryptocurrency can be measured by its energy consumption and the hardware required for validating or mining. The environmental impact of energy consumption depends on the energy source. When energy is consumed from renewable sources, the environmental impact is limited but can never outweigh simply consuming less energy.
Another impacting factor is the equipment used. A lot of specialized, short-lived, and non-repurposable mining hardware is used for most PoW cryptocurrencies, such as
BTC. This causes substantial electronic waste, including heavy metals and toxic chemicals, which is a significant environmental burden. However, ASIC-resistant PoW coins like
ETH use hardware that can be repurposed but tend to be less energy efficient.
âģī¸
In general, PoS-based cryptocurrencies consume less energy and require less sophisticated, repurposable hardware than their PoW counterpart leading to better sustainability.
Visa consumes 0.00358 kilowatt-hours per transaction.Ticker | Consensus | Energy Consumption kWh/tx | Hardware Requirements | Sustainability Points |
|---|
| Stellar Consensus | 0.00022 | low | 5 |
| XRP Consensus | 0.0079 | low | 5 |
| Proof of History | 0.000166 | low | 5 |
| PoS | 0.00286 | low | 5 |
| PoS | 0.00000301 | low | 5 |
| PoS | 0.00476 | low | 5 |
| PoS | 0.00534 | low | 5 |
| PoS | 0.01742 | low | 4 |
| PoS | 0.05159 | low | 4 |
| dPoS | low | low | 4 |
| PoS | low | low | 4 |
| PoS | low | low | 4 |
| PoS | low | low | 4 |
| dPoS-A | low | low | 4 |
| dPoS | low | low | 4 |
| PoS | low | low | 4 |
| dPoS | low | low | 4 |
| PoS | low | low | 4 |
| PoS | low | low | 4 |
| PoW | 18.522 | High | 2 |
| PoW | 18.957 | High | 2 |
| PoW | 62.56 | Medium | 2 |
| Hybrid PoW & PoS | High | High | 2 |
| PoW | 565.57 | High | 1 |
| PoW | 707 | Extensive | 1 |
Energy consumption estimation in kWh per transaction.
ETH has an ASIC-resistant algorithm and hence Medium hardware requirements. Low energy consumption is in place where no estimate could be found but PoS is used.
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ALGO even pledges to be a sustainable carbon-negative blockchain.đ¨
PoW cryptocurrencies consume massive amounts of energy compared to their PoS counterpart.
BTCâs total energy consumption matches whole countries like Portugal. Additional Points Information PoW-based cryptocurrencies do not receive more than 2 points, with BTC and DOGE obtaining minimum points for their energy consumption. All the others pick up 4 or 5 points. Energy consumption of fewer than 0.01 yields maximum points, while the other PoS cryptocurrencies get 4 points, including those without a reported number.
Stablecoin Specific
Lastly, the only remaining factor is volatility. Volatility is the most mentioned adoption factor in the scientific community, as volatility is inherent to almost all cryptocurrencies. Stablecoins present an adequate solution to cope with this aspect and are therefore better suited for payments.
The top 5 stablecoins by market cap embody the dollar and include three FIAT-backed versions, one algorithmic, and one crypto-backed type. As all types solve the volatility issue, the type of stablecoin does not influence the points. Learn more:
Cryptocurrency Basics
đĄ
USDT and
USDC are strong from a pure adaptation perspective and are leading the others in terms of market capitalization, volume, and users as seen in the success table.đ
Stablecoins depend on another blockchain, with most being available on multiple chains. Therefore, the network of choice also determines properties such as transaction speed and costs.
Symbol | Type | Available Blockchains | Stablecoin Points |
|---|
| FIAT | ALGO, ETH, EOS, Liquid, OMNI, TRX, BCH, SOL | 5 |
| FIAT | ETH, ALGO, AVAX, HBAR, SOL, XLM, TRX, FLOW | 5 |
| Crypto | ETH, BNB, FTM, MATIC, AVAX, ONE, SOL | 5 |
| Algorithmic | LUNA, ATOM, SOL, MATIC, AVAX, BNB | 5 |
| FIAT | ETH, BNB | 4 |
As all listed stablecoins solve the volatility aspect, 5 points are awarded. One point is deducted from
BUSD as it only has a limited choice of blockchains compared to the others. For the final ranking, these stablecoins receive points for their best-rated supported blockchain in the categories they themselves have no points.