Skip to main content

Proof-of-work isn't dead

 


Proof of Work (PoW) cryptocurrencies are mined by solving complex mathematical calculations. These coins have mostly fallen out of favor with investors as general concerns about carbon emissions remain. Here are some of the best proof-of-work cryptocurrencies to buy.


Kadena (KDA)

Kadena is a fast-growing blockchain project created by an experienced team of former JP Morgan employees. The platform hopes to become a leading network for building scalable decentralized projects.


Unlike other Ethereum killers that use proof-of-stake, the platform uses an advanced proof-of-work methodology that scales as more coins are mined.


In particular, Kadena is one of the fastest blockchains in the world. According to the developers, it can handle over 480,000 transactions per second (tps).


In contrast, Bitcoin processes less than 10 tps while Ethereum processes less than 20. Therefore, there is a likelihood that the Kadena price will continue to rise as more developers embrace the network.


Currency (XMR)

Demand for privacy cryptocurrencies has increased over the past few months. With Russia invading Ukraine, investors believe cybercrime will continue in the coming months. Therefore, attacks on critical infrastructure platforms such as pipelines and the financial sector will increase.


Most of these hacks are ransomware, where hackers lock down a network and demand payment. Since bitcoin is somewhat vulnerable, analysts believe most hackers will opt for privacy cryptocurrencies like Monero.


Monero is a proof-of-work cryptocurrency known for its security and advanced privacy features. Therefore, there is a likelihood that the price will continue to rise as demand increases.


Bitcoin (BTC)

Bitcoin was the first cryptocurrency ever launched. In recent months, the coin has become extremely successful as its market cap has grown to over USD 800 billion.


Bitcoin is also the most popular cryptocurrency among retail and institutional investors. Therefore, although its price has dropped remarkably over the past few months, there are chances that it will recover


For one, on-chain data shows that activity in the Bitcoin ecosystem has been stable despite the coin’s performance. Additionally, as regulations improve, there is a possibility that Bitcoin will continue to rise.


In addition to these three, there are other popular proof-of-work cryptocurrencies that you can consider. For example, Ravencoin is a cryptocurrency that was developed by cloning and improving Bitcoin's original code. Additionally, Zcash is a PoW coin that offers strong privacy features.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne
Post a Comment
Read more