This is not a financial advices, because cryptocurrency is high risk and very volatile so there is no return guarantee.
But if you plan to hold for very long term, here is the some guides for you.
12 points which is describes below here is only based on medium of exchange and store of value point of view.
Mineable coin will create a small inflation to stimulate an economic to the community.
It mostly comes with no pre-mined, no ICO and no private sales.
If you found it has pre-mined before launch, you better avoid it, this is to make sure the supply is fairly distributed and controlled by code.
Lot or scarce it doesn't matter. As long as Fixed Supply, it will simply give you an inflation protection guarantee.
Scalable on-chain (horizontal scale but not rely on layer 2) is important cause it means the project is ready for global mass adoptions.
The populer scaling methods could be two tier network (mainchain + sidechain) on single project, sharding, avalanche, DAG, etc.
Learn more about different type for consensus here.
Any transactions should be delivered under 3 seconds, so we can call this as Instant Transaction.
This is an important thing, cause it means the project is ideal for daily transactions.
With low fees you can make many transactions a day.
The economy will work because people will use it rather than hold it.
This will stimulate an economic to the community.
This will help the project always maintenanced and grow in the future.
This is a decision-making about future development through voting on proposals.
This is to avoid a changes in cryptocurrency protocol from being hijacked by a select group of stakeholders.
Staking is an alternative way to mining a coin.
This also help the network more stronger and give a passive income for the holder.
No company or capital ventures behind the project would be better to avoid authority defines the system.
Company, Foundation and Association behind the project could lead to securities instead of commodity.
Financial privacy is important. But it can lead negative if this privacy implemented as default for any transactions.
This why the privacy should be an optional feature. Users can activate it or not.
Web3 is a decentralized digital infrastructure.
This will build a digital economic and have a possibility to gain a big ecosystem in the future.
Any avalaible Dapps on ethereum network, could join into our ecosystem.
This will have a possibility to gain a big ecosystem in the future.
Minimum nine points above should be checklisted to achieve the safe rank.
Let's take a look for popular mineable cryptocurrencies: .
| Ticker | Points | Total | Note |
|---|---|---|---|
| BTC | 1, 2, 7, 9 |  |
There is a rumor that the dev team is privately funded by capital ventures blockstream |
| BCH | 1, 2, 5, 7, 9, 10, 11, 12 |  |
The creator of BCH stop development on BCH and moving to XEC |
| BSV | 1, 2, 5, 7 | |
The author claim that he is the true satoshi nakamoto |
| ZEC | 1, 2, 5, 7 | |
Privacy has set as default for every transactions and behind ECC company |
| XEC | 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 |  |
Point 4, 8, 12 still on progress development (written on their roadmap) |
| ETH | 7, 8, 11, 12 | |
Seems centralized cause there is rollback happening in 2017 and Moving from PoW to PoS |
| ETC | 1, 7, 11, 12 | |
Vitalik leave the future of ETC to the community |
| XMR | 1, 7, 9 |  |
Privacy has set as default for every transactions |
| LTC | 1, 2, 5, 7 | |
Around 500,000 LTC was instamined on day one after the LTC genesis block was mined |
| DOGE | 1, 5, 7 | |
The success of Dogecoin is closely intertwined with Elon Musk's passion for it |
| DASH | 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 12 |  |
SEC claim DASH as security and 2 million coins was instamined in two days |
| ZIL | 1, 2, 3, 5, 7, 8, 11, 12 | |
Seems as securities than commodity cause Zilliqa is a company and 60% token was generated before launching |
| FIRO | 1, 2, 3, 4, 5, 6, 7, 8, 9 |  |
Privacy has set as default for every transactions |
| RVN | 1, 2, 5, 11 | |
In June 2020, hacker successfully instamine 315M RVN |
| XVG | 1, 2, 5, 9 | |
In April 2018, XVG suffered an attack on its network to instamine 20M XVG |
| BTG | 1, 2, 5, 9 | |
Premine 200.000 BTG and held an ICO in China |
| BCD | 1, 2, 5 | |
Developer not update for almost 5 years and seems abandoned the project |
| DGB | 1, 2, 5 | |
Many sources tell that 105 million coins was instamined in two days |
| KAS | 1, 2, 3, 5 | |
There is corruption on KAS network >> https://techleaks24.substack.com/p/a-factual-account-of-the-kaspa-fraud |
| CKB | 1, 5, 7, 11 | |
There is Private Sales, Founding Partner and Foundation Reserves |
Yes, in 2023, XEC is a best crypto to hold for long term.
- Learn more XEC at https://e.cash and https://avalanche.cash
I'll keep this always update in the future.
Any discussions can leave a comment below.