Cryptocurrency Tier List (from F to S)

In this article I will be ranking the top 20 Cryptocurrencies by marketcap on a on a tier list from F to S, and provide the rationale behind it.

The ranking will take into consideration how close each chain is to resolving the blockchain trilemma as well as the utility that they bring to the crypto world. So the ranking factors are:

• Decentralisation
• Scalability
• Security
• Utility

While the ranking is mostly data-driven, and I will aim to provide rationale behind each decision, it is ultimately my own interpretation and opinion of how well each chain ranks in each of the above categories.

This is based on the top 20 coins by marketcap at the time of writing — 05.08.2022, according to CMC data and excluding tokens, most memecoins and stablecoins. The rationale for each coin will be short and straight to the point — no deep dives.

With this as our initial set-up, let the ranking commence.

F Tier — bottom of the barrel

• Ethereum Classic (ETC)

After a hack where a large amount of ETH was stolen from the largest smart contract known as The DAO on Ethereum in 2016, Ethereum chose to reset the state of the chain to a…