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Home Cryptocurrencies Proof of Work Coins

List of All Proof of Work (POW) Coins
March 2024

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 Highest CeFi Yield Highest DeFi Yield
GlobalBoost-Y logo BSTY
GlobalBoost
$0.04
-5.6% arrow up arrow down 24 Hr
WorldCoin logo WDC
WorldCoin WDC
$0.00759
-11.9% arrow up arrow down 24 Hr
FuzzBalls logo FUZZ
FuzzBalls
$0.00272
-0.8% arrow up arrow down 24 Hr
PotCoin logo POT
PotCoin
$0.00107
2.3% arrow up arrow down 24 Hr
Anoncoin logo ANC
Anoncoin
$0.06
-0% arrow up arrow down 24 Hr
Bata logo BTA
Bata
$0.22
-0.4% arrow up arrow down 24 Hr
Comet logo CMT
Comet
$0.0068
-0.8% arrow up arrow down 24 Hr
Unobtanium logo UNO
Unobtanium
$4.08
9.5% arrow up arrow down 24 Hr
YOC
Yocoin
$4.06E-5
-0.7% arrow up arrow down 24 Hr
KRB
Karbo
$0.03
1.9% arrow up arrow down 24 Hr
EMC2
Einsteinium
$0.000243
-8.8% arrow up arrow down 24 Hr
DLC
Dollarcoin
$0.00136
-0.8% arrow up arrow down 24 Hr
TRC
Terracoin
$0.00201
0.2% arrow up arrow down 24 Hr
GCN
GCN Coin
$2.2E-8
4.5% arrow up arrow down 24 Hr
SANDG
Save and Gain
$0.00068
-1.1% arrow up arrow down 24 Hr
FRN
Francs
$0.00408
-0.8% arrow up arrow down 24 Hr
KAT
KatKoyn
$0.00153
0% arrow up arrow down 24 Hr
EFL
e-Gulden
$0.19
-2.9% arrow up arrow down 24 Hr
EXP
Expanse
$0.000884
-0.8% arrow up arrow down 24 Hr
CLAM
Clams
$0.25
-1.4% arrow up arrow down 24 Hr
IXC
Ixcoin
$0.01
-3.3% arrow up arrow down 24 Hr
KURT
Kurrent
$0.00136
-0.8% arrow up arrow down 24 Hr
XDN
DigitalNote
$3.33E-5
-2.3% arrow up arrow down 24 Hr
OMNI
Omni
$2.37
0% arrow up arrow down 24 Hr
SAFESUN
SAFESUN
$1.4E-7
0.1% arrow up arrow down 24 Hr
UFO
Uniform Fiscal Object
$0.000166
1.5% arrow up arrow down 24 Hr
NOTE
DNotes
$3.62E-5
-2.9% arrow up arrow down 24 Hr
BELA
Bela
$0.00068
-2.9% arrow up arrow down 24 Hr
CURE
Curecoin
$0.00886
-0.7% arrow up arrow down 24 Hr
FRC
Freicoin
$0.00136
-0.3% arrow up arrow down 24 Hr
IFC
Infinitecoin
$1.67E-5
-2.9% arrow up arrow down 24 Hr
ZET
Zetacoin
$0.00068
21.9% arrow up arrow down 24 Hr
DOPE
DopeCoin
$0.00409
-2.9% arrow up arrow down 24 Hr
VIA
Viacoin
$0.65
-0.5% arrow up arrow down 24 Hr
XCN
Cryptonite
$0.00068
-2.1% arrow up arrow down 24 Hr
CARBON
Carboncoin
$0.00068
-2.6% arrow up arrow down 24 Hr
DTC
Datacoin
$0.00068
-0.2% arrow up arrow down 24 Hr
CANN
CannabisCoin
$0.00544
-2.6% arrow up arrow down 24 Hr
PXI
Prime-XI
$0.00068
-0.8% arrow up arrow down 24 Hr
SPR
SpreadCoin
$0.000682
-0.8% arrow up arrow down 24 Hr
START
Startcoin
$0.00068
-2.1% arrow up arrow down 24 Hr
WBB
Wild Beast Block
$0.00748
-0.8% arrow up arrow down 24 Hr
SONG
SongCoin
$0.00068
-0.8% arrow up arrow down 24 Hr
LOG
Woodcoin
$0.16
70.1% arrow up arrow down 24 Hr
CF
Californium
$0.00544
6.2% arrow up arrow down 24 Hr
BSC
BowsCoin
$0.00204
-0.8% arrow up arrow down 24 Hr
HNC
HNC COIN
$0.03
10.5% arrow up arrow down 24 Hr
VEC2
VectorAI
$0.00068
-0.8% arrow up arrow down 24 Hr
SIB
SIBCoin
$0.09
8.1% arrow up arrow down 24 Hr
ADZ
Adzcoin
$0.00068
-0.8% arrow up arrow down 24 Hr
ZUR
Zurcoin
$0.000283
-1.4% arrow up arrow down 24 Hr
CTL
Citadel
$0.00445
-2.9% arrow up arrow down 24 Hr
VLT
Veltor
$0.00816
-0.8% arrow up arrow down 24 Hr
ZYD
Zayedcoin
$0.00068
-0.8% arrow up arrow down 24 Hr
BLAZR
BlazerCoin
$0.00068
-0.8% arrow up arrow down 24 Hr
CXT
Coinonat
$0.00068
-0.8% arrow up arrow down 24 Hr
XRC
xRhodium
$0.03
-82.8% arrow up arrow down 24 Hr
MOAC
MOAC
$0.000836
-1.7% arrow up arrow down 24 Hr
AIB
Advanced Internet Blocks
$0.000657
-0.8% arrow up arrow down 24 Hr

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.

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Article by Yunis
30 June 2021 (Updated 17 March 2024)
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