Which cryptocurrencies are the most secure and stable?

Katarina

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Sep 18, 2022
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Just one and that's bitcoin the others need to prove themselves more resilient. Theres alse top exchange tokens . Unless the billion dollar exchange goes under you're safe to a good extent.
 

flyingkiwiguy

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Sep 18, 2022
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From Lyn Alden's premium newsletter:

Now that Ethereum has switched over to proof-of-stake, Bitcoin has uncontested dominance in the proof-of-work category, with 94% market capitalization of all proof-of-work coins. All other proof-of-work coins combined represent the other 6%. The technical differentiation between Bitcoin and Ethereum, and more broadly Bitcoin and “everything else” is wider than ever.
 

Maryline54

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Sep 10, 2022
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Which cryptocurrencies are the most secure and stable?
The most secure and stable cryptocurrencies are those that have been around for a long time and have proven themselves to be reliable. Bitcoin, for example, has been around since 2009, and it's undergone many changes over the years in order to become more stable and secure.

Bitcoin, Ethereum, Litecoin, Ripple—these are all examples of cryptocurrencies that are quite secure because they have a strong base of users who use them daily. They also have a solid technological foundation that makes them very secure.

Another way to think about which cryptocurrencies are most secure is by looking at how many people use them and how many people trust them. Cryptocurrencies with less than 10 million users or less than 100k transactions per day may not be as trustworthy as those with tens of millions of users or hundreds of thousands of transactions per day.
 

flyingkiwiguy

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Sep 18, 2022
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Bitcoin, Ethereum, Litecoin, Ripple—these are all examples of cryptocurrencies that are quite secure because they have a strong base of users who use them daily. They also have a solid technological foundation that makes them very secure.
You're missing a fundamental difference between Bitcoin and alternatives. ETH, LTC and XRP are accounting tokens with theoretically unlimited supply, subject to the whims of the developers. Bitcoin, while not money, has attributes that make it somewhat useful as a form of money, specifically a tightly controlled supply.

See the Bitcoin block size war for the history of Bitcoin. See the Ethereum DAO hack to appreciate that you don't really control any ETH in your wallet.

Another way to think about which cryptocurrencies are most secure is by looking at how many people use them and how many people trust them. Cryptocurrencies with less than 10 million users or less than 100k transactions per day may not be as trustworthy as those with tens of millions of users or hundreds of thousands of transactions per day.
The Zimbabwean dollar has more than 10 million users and 100k transactions per day. Is it secure?
 
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Caseyjones

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Sep 22, 2022
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Which cryptocurrencies are the most secure and stable?
In my opinion, the most secure and stable cryptocurrencies are Bitcoin and Ethereum. Bitcoin is the first cryptocurrency to be created and has a strong sense of community behind it. The community has been around since 2009, which means that there is a large amount of people who have invested in Bitcoin and may hold onto their currency for long periods of time. This means that if you want to buy or sell your bitcoins, you're likely going to find someone willing to do so at any given time.

Ethereum also has a large community behind it and has been around since 2015. However, unlike Bitcoin, Ethereum allows developers to create new currencies on top of its platform.
 

Admin

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May 18, 2022
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You're missing a fundamental difference between Bitcoin and alternatives. ETH, LTC and XRP are accounting tokens with theoretically unlimited supply, subject to the whims of the developers. Bitcoin, while not money, has attributes that make it somewhat useful as a form of money, specifically a tightly controlled supply.

See the Bitcoin block size war for the history of Bitcoin. See the Ethereum DAO hack to appreciate that you don't really control any ETH in your wallet.


The Zimbabwean dollar has more than 10 million users and 100k transactions per day. Is it secure?
chainlink i think because of oracle network. Chainlink coin is a decentralized oracle network that provides secure data feeds to smart contracts. Chainlink is the first solution to provide secure and reliable data to Ethereum smart contracts.