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Home Crypto DeFi Interest Rates Proof of Work coins

List of All Proof of Work (POW) coins
May 2022

Proof of work is Bitcoin's consensus mechanism and is accepted as the most secure system for blockchain security. Read our article to learn more about Proof of Work (PoW)
Symbol Coin Name Price 7 Day Chart Best Savings Rate
Bitcoin logo BTC
Bitcoin
$29,383.81
-4.4% arrow down 24 Hr
Buy
Ethereum logo ETH
Ethereum
$1,953.57
-6.3% arrow down 24 Hr
Buy
Dogecoin logo DOGE
Dogecoin
$0.08
-6.1% arrow down 24 Hr
Buy
Go
3%
APR
Litecoin logo LTC
Litecoin
$69.72
-6.3% arrow down 24 Hr
Buy
Go
5.5%
APR
Bitcoin Cash logo BCH
Bitcoin Cash
$192.62
-7.1% arrow down 24 Hr
Buy
Monero logo XMR
Monero
$193.78
-1.6% arrow down 24 Hr
Buy
Go
3%
APY
Ethereum Classic logo ETC
Ethereum Classic
$23.15
-6.2% arrow down 24 Hr
Buy
Zcash logo ZEC
Zcash
$99.67
-10.7% arrow down 24 Hr
Buy
BSV
Bitcoin SV
$52.85
-5.7% arrow down 24 Hr
Buy
Go
4.5%
APR
KDA
Kadena
$2.34
-13% arrow down 24 Hr
Buy
RVN
Ravencoin
$0.03
-9.6% arrow down 24 Hr
Buy
SC
Siacoin
$0.01
-5.1% arrow down 24 Hr
Buy
Go
1%
APY
ZEN
Horizen
$20.02
-9.4% arrow down 24 Hr
Buy
DGB
DigiByte
$0.01
-11% arrow down 24 Hr
Buy
CKB
Nervos Network
$0.00
-4.8% arrow down 24 Hr
Buy
CFX
Conflux
$0.09
-4.4% arrow down 24 Hr
Buy
SYS
Syscoin
$0.19
-13.2% arrow down 24 Hr
Buy
HUSD
HUSD
$1.00
-0% arrow down 24 Hr
Buy
Go
12%
APR
ERG
Ergo
$2.25
-6.2% arrow down 24 Hr
Details
MWC
MimbleWimbleCoin
$3.69
27.7% arrow up 24 Hr
Details
HTR
Hathor
$0.19
-12% arrow down 24 Hr
Details
MONA
MonaCoin
$0.64
-1.7% arrow down 24 Hr
Buy
GRS
Groestlcoin
$0.40
-9% arrow down 24 Hr
Buy
LOG
Woodcoin
$3.21
7.2% arrow up 24 Hr
Details
FIRO
Firo
$1.76
-9.2% arrow down 24 Hr
Buy
NMC
Namecoin
$1.38
0.1% arrow up 24 Hr
Details
BEAM
Beam
$0.14
-3.7% arrow down 24 Hr
Buy
SCP
ScPrime
$0.37
-2.9% arrow down 24 Hr
Details
BCN
Bytecoin
-1.1% arrow down 24 Hr
Buy
QRL
Quantum Resistant Ledger
$0.17
-2.5% arrow down 24 Hr
Buy
XCP
Counterparty
$4.93
-4.4% arrow down 24 Hr
Details
VTC
Vertcoin
$0.16
-4.3% arrow down 24 Hr
Buy
GRIN
Grin
$0.16
53.7% arrow up 24 Hr
Details
IFC
Infinitecoin
$0.00
-14.3% arrow down 24 Hr
Details
MOON
Mooncoin
0.3% arrow up 24 Hr
Details
CARBON
Carboncoin
$0.00
-4.4% arrow down 24 Hr
Details
SIB
SIBCoin
$0.22
-4.6% arrow down 24 Hr
Details
WOW
Wownero
$0.07
-9.6% arrow down 24 Hr
Details
ENQ
Enecuum
$0.02
-7.4% arrow down 24 Hr
Details
LCC
Litecoin Cash
$0.00
0.2% arrow up 24 Hr
Details
ARC
Advanced Technology Coin
0.8% arrow up 24 Hr
Details
FLG
Folgory Coin
$0.17
-4.6% arrow down 24 Hr
Details
TENT
TENT
$0.06
-6% arrow down 24 Hr
Details
BTCZ
BitcoinZ
$0.00
-4.7% arrow down 24 Hr
Details
NLG
Gulden
$0.00
-13.7% arrow down 24 Hr
Buy
FTC
Feathercoin
$0.01
-8% arrow down 24 Hr
Buy
NYC
NewYorkCoin
$0.00
-13.2% arrow down 24 Hr
Details
DIME
Dimecoin
$0.00
-10.7% arrow down 24 Hr
Details
UBQ
Ubiq
$0.03
-3.7% arrow down 24 Hr
Buy
XPM
Primecoin
$0.04
-4.7% arrow down 24 Hr
Details
VIA
Viacoin
$0.07
-13.1% arrow down 24 Hr
Buy
OMNI
Omni
$2.51
0.4% arrow up 24 Hr
Details
EFL
e-Gulden
$0.08
-4.4% arrow down 24 Hr
Details
BIS
Bismuth
$0.05
-26.4% arrow down 24 Hr
Details
FJC
FujiCoin
$0.00
-4.5% arrow down 24 Hr
Details
MCM
Mochimo
$0.06
-26.3% arrow down 24 Hr
Details
GLC
Goldcoin
$0.02
-15% arrow down 24 Hr
Details
QRK
Quark
$0.00
-1.5% arrow down 24 Hr
Details
HUSH
Hush
$0.08
-5% arrow down 24 Hr
Details
XRC
xRhodium
$0.80
12.1% arrow up 24 Hr
Details
CANN
CannabisCoin
$0.01
-4.4% arrow down 24 Hr
Details
IXC
Ixcoin
$0.04
-4.4% arrow down 24 Hr
Details
GCC
Global Cryptocurrency
$0.00
-4.5% arrow down 24 Hr
Details
AEON
Aeon
$0.07
21.5% arrow up 24 Hr
Details
CURE
Curecoin
$0.03
1.9% arrow up 24 Hr
Buy
DYN
Dynamic
$0.04
-4.5% arrow down 24 Hr
Details
XMY
Myriad
$0.00
3.2% arrow up 24 Hr
Buy
PIN
Public Index Network
$0.00
3.5% arrow up 24 Hr
Details
TRC
Terracoin
$0.02
-6.6% arrow down 24 Hr
Details
XDN
DigitalNote
$0.00
14.3% arrow up 24 Hr
Buy
POT
PotCoin
$0.00
33.3% arrow up 24 Hr
Buy
MUE
MonetaryUnit
$0.00
33.7% arrow up 24 Hr
Buy
KRB
Karbo
$0.05
78.7% arrow up 24 Hr
Details
ZCL
ZClassic
$0.05
6.1% arrow up 24 Hr
Details
DBIX
DubaiCoin
716.1% arrow up 24 Hr
Details
BTA
Bata
$0.07
-4.5% arrow down 24 Hr
Details
VIP
Limitless VIP
0% 24 Hr
Details
FRC
Freicoin
$0.00
-4.4% arrow down 24 Hr
Details
LTHN
Lethean
$0.00
-12.5% arrow down 24 Hr
Details
BSTY
GlobalBoost-Y
$0.01
9.4% arrow up 24 Hr
Details
XCN
Cryptonite
$0.00
-4.4% arrow down 24 Hr
Details
DOPE
DopeCoin
$0.00
-4.4% arrow down 24 Hr
Details
PTD
Peseta Digital
$0.00
-4.4% arrow down 24 Hr
Details
PAK
Pakcoin
$0.00
-45.4% arrow down 24 Hr
Details
IRD
Iridium
$0.01
-8.6% arrow down 24 Hr
Details
SLR
SolarCoin
0.4% arrow up 24 Hr
Details
ZER
Zero
$0.02
-12.1% arrow down 24 Hr
Details
EXP
Expanse
$0.01
-15.9% arrow down 24 Hr
Buy
PHO
Photon
0% 24 Hr
Details
XWP
Swap
$0.01
1.3% arrow up 24 Hr
Details
DGC
Digitalcoin
$0.00
-15% arrow down 24 Hr
Details
ZET
Zetacoin
$0.00
-4.4% arrow down 24 Hr
Details
SMC
SmartCoin (SMC)
$0.00
-4.4% arrow down 24 Hr
Details
KURT
Kurrent
$0.00
-4.5% arrow down 24 Hr
Details
POP
PopularCoin
0.3% arrow up 24 Hr
Details
MEC
Megacoin
$0.00
-4.4% arrow down 24 Hr
Details
YOC
Yocoin
$0.00
5.9% arrow up 24 Hr
Details
FST
Fastcoin
-2.9% arrow down 24 Hr
Details
BOLI
Bolivarcoin
$0.00
-40.1% arrow down 24 Hr
Details
PLURA
PluraCoin
$0.00
-6.3% arrow down 24 Hr
Details

What is Proof of Work

POW (Proof of Work) is a consensus mechanism designed by Satoshi Nakamoto for Bitcoin. Proof of Work is a protocol created mainly for blocking attempts and spam aimed at making it difficult for any system to work.

The Bitcoin network relies heavily on Proof of Work. If it were not for such an energy-intensive process, it would be easy for bad actors to attack the network and “double-spend” Bitcoin. In order for blockchain networks to function correctly, they need to design their networks accordingly by adopting certain consensus algorithms. Here POW is one of these algorithms.

In fact, POW is known as the first algorithm released. As it turns out, the original cryptocurrency Bitcoin (BTC) uses the POW algorithm. The POW algorithm can also be defined as a mechanism that works to ensure that transactions that occur on the network do not repeat, that is, they do not occur more than once. We see that cryptocurrencies with large networks such as BTC usually adopt the Proof of Work algorithm. Consensus or consensus mechanisms ensure that distributed ledgers in blockchain networks have a more secure structure.

Proof of Work and Computing power requirement

Proof of work requires an expensive computer calculation, or mining, in other terms. To produce trustless transactions on the blockchain, mining is required. The transactions are first assembled and packed together into a block. Then, within each block, miners verify transactions to see if they are authentic. To advance, miners must first solve a mathematical riddle known as a proof of work problem. Every miner must compete. Then, for each block problem, the first miner who solves it gets paid. Finally, the blockchain is used to keep the validated transactions. Proof of Work is the dominant consensus model used in Bitcoin, the largest cryptocurrency, as well as other cryptocurrencies such as Litecoin, Dogecoin, Bitcoin Cash, and Monero. Bitcoin was the first and most widely used Proof-of-Work cryptocurrency. It is the coin that introduced the Proof-of-Work concept to the cryptocurrency industry. Furthermore, since its inception, Ethereum has relied on POW consensus.

Advantages of Proof of Work

The main advantage of Proof of Work is security at first. It's one of the safest ways to reach a consensus. Also, POW provides a decentralized approach for transaction verification. In addition to these, it allows miners to earn cryptocurrency in exchange for their efforts. The possibility of mining is determined by the amount of computing effort completed.

Disadvantages of Proof of Work

The main disadvantage of Bitcoin's Proof of Work model is that it uses a lot of energy for mining. Statements about this situation suggest that the entire Bitcoin network has a carbon footprint comparable to that of the country of Morocco. Another drawback is that mining for cryptocurrencies such as Ethereum has ignited a tremendous demand for powerful PC graphics cards (or GPUs), causing widespread device shortages and price hikes. This has led to the fact that manufacturers have weakened the mining capabilities of graphics cards to make them less desirable for miners.

Mining a cryptocurrency is one of the most well-known examples of POW. Now, let's take a look at some of the most well-known Proof of Work cryptocurrencies. If we start with Bitcoin, since its inception in 2009, it has been the first cryptocurrency. It was the first cryptocurrency to establish the notion of proof of work, which would later be adopted by many other coins. Also, Litecoin was one of the first altcoins or Bitcoin alternatives. It was launched in 2011 and is based on Bitcoin technology. It promises faster transaction speeds. Dogecoin is a cryptocurrency that was founded in 2013 and is based on the Doge meme. Despite the fact that it began as a joke, it grew a loyal following.

Proof of Work Coin Comparisons

Article by Yunis
30 June 2021 (Updated 24 May 2022)
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