Besides Kaspa, what other potential projects are there?
Original author: Biteye
The popularity of Kaspa has made many people pay attention to the POW track again. At the same time, with the BTC halving narrative bonus next year, the increase in the POW track can be said to be one of the strongest in this cycle. Biteye has compiled an introduction to the seven related projects of the POW track for everyone. Friends who are interested should not miss it~
Further reading: Xeggex: A playground for speculation about mining coins and small coins
1.Kaspa
- Token：$KAS
- MC: $2.87B
@KaspaCurrency is a decentralized Layer 1 project based on PoW. Its team has a good background. The founder is a Harvard postdoctoral fellow, and his research directions are transaction ordering and MEV.
Kaspa's blockchain structure model is different from BTC. It is not a single chain structure, but a directed acyclic graph (DAG) structure, which can maintain a faster block production speed.
The KAS mining algorithm is kHeavyHash and supports ASIC mining machine mining.
Due to its recent surge in token prices, it currently ranks second in value of daily token output and plans to develop its own Layer 1 ecosystem in the future.
2. Bittensor
- Token：$TAO
- MC: $1.29B
@bittensor_ aims to promote the development of artificial intelligence through a blockchain-driven incentive structure. In this ecosystem, contributors are rewarded with $TAO for their efforts. This network combines a hybrid consensus mechanism with elements of Proof of Work (PoW) and Proof of Stake (PoS).
Bittensor combines PoW with AI and uses PoW for mining and AI model calculations to form a decentralized large model network.
Miners in Bittensor host artificial intelligence models and provide them to the network, and validators rank miners based on their “intelligent contribution.” The network has a 1 $TAO reward for each block, which is divided equally between miners and validators through mining and verification.
3. Dynex
- Token: $DNX
- MC: $78.3M
@dynexcoin is a neuromorphic supercomputing blockchain based on the DynexSolve chip algorithm, and proposes a Proof of Useful Work (PoUW) method to improve the speed and efficiency of decentralized networks.
Dynex network nodes are composed of PoUW miners, allowing any miner to perform Dynex chip calculations and receive the native token $DNX in return.
Currently, its daily output token value ranks seventh in F2 Pool.
This project token DNX uses the DynexSolve mining algorithm and supports GPU mining.
Mining equipment: GPU (NVIDIA & AMD, mainstream GPU (memory no less than 3 GB)).
Operating system: Windows, Linux.
Note: The background of this project is somewhat controversial, and its founder’s other projects were charged by the US SEC in 2019.
4.Conflux
- Token：$CFX
- MC: $521.4M
@Conflux_Network blockchain is committed to solving the blockchain trilemma using a hybrid consensus mechanism that combines PoW and PoS. By leveraging the strengths of both mechanisms, Conflux is able to achieve higher levels of scalability and security while maintaining network decentralization.
Conflux is also compatible with EVM, making it easier for developers to build dApps on the platform.
Conflux’s daily output token value ranks 13th in F 2 Pool.
The mining algorithm of $CFX is Octopus and supports GPU mining, RTX 4090, RTX 3060, GTX 1660 Ti, RTX 3070, etc.
Mining equipment: GPU (supports NVIDIA and AMD graphics cards), memory is recommended to be more than 6 GB (the required video memory space grows linearly, increasing by 1 ~ 1.5 GB every year).
Operating system: Windows, Linux.
5. Zephyr
- Token：$ZEPH
- MC: $56.3M
The @zephyr_org protocol is built on Monero, allowing each native asset (ZEPH, ZephUSD, and ZephRSV) to inherit Monero’s privacy features. This ensures that transaction destinations and amounts are hidden, resulting in a private stablecoin protocol.
The Zephyr protocol runs on the RandomX proof-of-work (PoW) algorithm and is designed to optimize general-purpose CPUs and support decentralized and equal mining. There are three tokens in its ecosystem: base currency (ZEPH), stable currency (ZephUSD) ) and reserve currency (ZephRSV), users can use the former to mint the latter two. The base currency ZEPH is obtained through mining using the PoW algorithm.
Mining tutorial: https://pool.zephyrprotocol.com/#getting_started
6. Clore.AI
- Token：$CLORE
- MC: $31.6M
Clore.AI is an emerging GPU computing power rental platform, and its dual narrative of POW and AI has recently attracted considerable market attention.
Its business model includes artificial intelligence training, movie rendering, VPN, cryptocurrency mining and other fields. Users can earn $CLORE tokens by renting computing power or providing computing power.
The project uses the kawpow algorithm and is resistant to ASIC mining. The token has no pre-mining and ICO, 50% of each block is allocated to miners, 40% to lessors, 10% to the team, and a Proof of Holding system (POH) is proposed to incentivize token holders. In the future, Clore plans to launch more new features such as Clore Storage service and VPN service.
7. LiquidLayer
- Token: $LILA
- MC: $8.2M
@LiquidLayer_ is a highly scalable PoW blockchain with integrated Liquid-Stake-Derivative Bridge, which is a POW+LSD combination protocol.
The protocol creates a unique LSD bridge that allows users to transfer funds from Ethereum and earn APY by bridging assets. 90% of proceeds are returned to LiquidLayer bridging token and $LILA holders.
LiquidLayer's LSD Bridge is designed to seamlessly transfer assets between Ethereum and LiquidLayer chains.
After the assets are transferred, they will be stored in various vaults and stable pools, such as Lido, Frax, RocketPool and Aave, and will also be integrated into liquidity providing platforms to optimize yields while maintaining asset liquidity. Proceeds will be automatically transferred to the user's Ethereum web wallet in the form of USDC.
Friends who are interested in the POW track can view POW token information through the Cryptohunt website below: https://cryptohunt.ai/zh-CN/tokenScreener/token
