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Home Cryptocurrencies Proof of Work Coins

List of All Proof of Work (POW) Coins
July 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
Bitcoin logo BTC
Bitcoin
$66,851.60
-1.5% arrow up arrow down 24 Hr
6%
APY
Dogecoin logo DOGE
Dogecoin
$0.13
1.1% arrow up arrow down 24 Hr
7.5%
APY
Bitcoin Cash logo BCH
Bitcoin Cash
$392.81
2% arrow up arrow down 24 Hr
8%
APY
Litecoin logo LTC
Litecoin
$73.03
0.4% arrow up arrow down 24 Hr
5.5%
APR
Kaspa logo KAS
Kaspa
$0.18
0% arrow up arrow down 24 Hr
Ethereum Classic logo ETC
Ethereum Classic
$23.68
-2.7% arrow up arrow down 24 Hr
3.27%
APY
Monero logo XMR
Monero
$162.73
-0.9% arrow up arrow down 24 Hr
1.83%
APY
Bitcoin SV logo BSV
Bitcoin SV
$46.98
-0.8% arrow up arrow down 24 Hr
4.5%
APR
CFX
Conflux
$0.17
4% arrow up arrow down 24 Hr
CKB
Nervos Network
$0.01
5.1% arrow up arrow down 24 Hr
0.99%
APY
ZEC
Zcash
$29.77
3.3% arrow up arrow down 24 Hr
0.29%
APY
SC
Siacoin
$0.00538
1.5% arrow up arrow down 24 Hr
0.49%
APY
ETHW
EthereumPoW
$2.69
0% arrow up arrow down 24 Hr
RVN
Ravencoin
$0.02
2.3% arrow up arrow down 24 Hr
4.49%
APY
FLUX
Flux
$0.69
3.4% arrow up arrow down 24 Hr
3.99%
APY
MWC
MimbleWimbleCoin
$19.37
47.4% arrow up arrow down 24 Hr
ZEN
Horizen
$12.67
11.8% arrow up arrow down 24 Hr
0.29%
APY
KDA
Kadena
$0.64
1.9% arrow up arrow down 24 Hr
1%
APY
ALPH
Alephium
$1.98
1.5% arrow up arrow down 24 Hr
DGB
DigiByte
$0.00832
2.8% arrow up arrow down 24 Hr
0.49%
APY
SYS
Syscoin
$0.11
0.9% arrow up arrow down 24 Hr
1.99%
APY
ERG
Ergo
$0.90
2.6% arrow up arrow down 24 Hr
GRS
Groestlcoin
$0.36
0.2% arrow up arrow down 24 Hr
0.99%
APY
MONA
MonaCoin
$0.32
-2.7% arrow up arrow down 24 Hr
FIRO
Firo
$1.33
-1.8% arrow up arrow down 24 Hr
4.99%
APY
XCP
Counterparty
$6.82
-5.2% arrow up arrow down 24 Hr
MOON
Mooncoin
$3.85E-5
-1% arrow up arrow down 24 Hr
DIME
Dimecoin
$3.49E-5
8.3% arrow up arrow down 24 Hr
QRL
Quantum Resistant Ledger
$0.20
0.9% arrow up arrow down 24 Hr
RXD
Radiant
$0.00111
0% arrow up arrow down 24 Hr
HTR
Hathor
$0.04
8.7% arrow up arrow down 24 Hr
ABEL
Abelian
$0.12
0% arrow up arrow down 24 Hr
HUSD
HUSD
$0.04
-0.1% arrow up arrow down 24 Hr
8%
APR
ARC
Advanced Technology Coin
$0.30
0.1% arrow up arrow down 24 Hr
SCP
ScPrime
$0.15
5.2% arrow up arrow down 24 Hr
NEXA
Nexa
$3.13E-6
0% arrow up arrow down 24 Hr
NMC
Namecoin
$0.46
-2.9% arrow up arrow down 24 Hr
FLG
Folgory Coin
$0.23
2.6% arrow up arrow down 24 Hr
BEAM
Beam
$0.04
-3.1% arrow up arrow down 24 Hr
VTC
Vertcoin
$0.09
-0.6% arrow up arrow down 24 Hr
AEON
Aeon
$0.07
-0.9% arrow up arrow down 24 Hr
BCN
Bytecoin
$2.26E-5
-7.2% arrow up arrow down 24 Hr
TENT
TENT
$0.11
-1.3% arrow up arrow down 24 Hr
WOW
Wownero
$0.06
-1.2% arrow up arrow down 24 Hr
GRIN
Grin
$0.03
5.5% arrow up arrow down 24 Hr
LCC
Litecoin Cash
$0.00401
9.1% arrow up arrow down 24 Hr
FTC
Feathercoin
$0.01
1.5% arrow up arrow down 24 Hr
FJC
FujiCoin
$0.000193
-0.9% arrow up arrow down 24 Hr
XPM
Primecoin
$0.03
3.7% arrow up arrow down 24 Hr
DYN
Dynamic
$0.04
21.1% arrow up arrow down 24 Hr
MCM
Mochimo
$0.03
0.3% arrow up arrow down 24 Hr
MUNT
MUNT
$0.000268
-0.3% arrow up arrow down 24 Hr
DINGO
Dingocoin
$8.04E-6
-0.2% arrow up arrow down 24 Hr
MUE
MonetaryUnit
$0.00209
0.4% arrow up arrow down 24 Hr
DBIX
DubaiCoin
$0.73
0% arrow up arrow down 24 Hr
BIS
Bismuth
$0.03
-0.8% arrow up arrow down 24 Hr
IRD
Iridium
$0.01
0.9% arrow up arrow down 24 Hr
GCC
Global Cryptocurrency
$0.000167
-0.6% arrow up arrow down 24 Hr
BTCZ
BitcoinZ
$5.24E-5
-6.5% arrow up arrow down 24 Hr
UBQ
Ubiq
$0.00435
0.1% arrow up arrow down 24 Hr
ZER
Zero
$0.04
-90.7% arrow up arrow down 24 Hr
ZCL
ZClassic
$0.05
0.2% arrow up arrow down 24 Hr
VIP
Limitless VIP
$0.000406
0% arrow up arrow down 24 Hr
GLC
Goldcoin
$0.00932
-14.3% arrow up arrow down 24 Hr
QRK
Quark
$0.00134
-17.5% arrow up arrow down 24 Hr
PLURA
PluraCoin
$4.82E-5
3.4% arrow up arrow down 24 Hr
LTHN
Lethean
$0.000185
-14% arrow up arrow down 24 Hr
SCC
StakeCubeCoin
$0.02
2.2% arrow up arrow down 24 Hr
HUSH
Hush
$0.02
-0% arrow up arrow down 24 Hr
XMY
Myriad
$1.0E-5
2% arrow up arrow down 24 Hr
PIN
Public Index Network
$0.000264
8.2% arrow up arrow down 24 Hr
SLR
SolarCoin
$0.00436
-2.9% arrow up arrow down 24 Hr
SMC
SmartCoin (SMC)
$0.00899
1% arrow up arrow down 24 Hr
PHO
Photon
$4.41E-6
-9.8% arrow up arrow down 24 Hr
PTD
Peseta Digital
$0.000269
-88.8% arrow up arrow down 24 Hr
POP
PopularCoin
$0.00193
14.2% arrow up arrow down 24 Hr
FST
Fastcoin
$0.000838
0% arrow up arrow down 24 Hr
BOLI
Bolivarcoin
$0.00361
33.4% arrow up arrow down 24 Hr
MEC
Megacoin
$0.000733
-2.9% arrow up arrow down 24 Hr
XWP
Swap
$0.00314
-0.3% arrow up arrow down 24 Hr
ZNY
Bitzeny
$0.000218
0.8% arrow up arrow down 24 Hr
EMD
Emerald Crypto
$0.00363
0.6% arrow up arrow down 24 Hr
DUO
ParallelCoin
$0.20
0.1% arrow up arrow down 24 Hr
ACOIN
Acoin
$0.00267
-0.8% arrow up arrow down 24 Hr
GXX
GravityCoin
$0.000192
0.2% arrow up arrow down 24 Hr
BBR
Boolberry
$1.83E-5
-2.1% arrow up arrow down 24 Hr
BLC
Blakecoin
$0.000331
0.5% arrow up arrow down 24 Hr
IRON
Iron Fish
$0.79
0% arrow up arrow down 24 Hr
CAU
Canxium
$3.41
0% arrow up arrow down 24 Hr
ORE
Ore
$568.72
0% arrow up arrow down 24 Hr
BTCV
Bitcoin Vault
$1.43
-1.3% arrow up arrow down 24 Hr
NEOX
Neoxa
$0.00115
0% arrow up arrow down 24 Hr
SDR
SedraCoin
$0.000125
0% arrow up arrow down 24 Hr
HNC
HNC COIN
$0.02
10.5% arrow up arrow down 24 Hr
DGC
Digitalcoin
$0.00033
-1.5% arrow up arrow down 24 Hr
SUGAR
Sugarchain
$0.08
0.2% arrow up arrow down 24 Hr
MARS
Marscoin
$0.08
-1.4% arrow up arrow down 24 Hr
BEET
Beetlecoin
$0.000105
1% arrow up arrow down 24 Hr
PAK
Pakcoin
$0.00257
0.3% arrow up arrow down 24 Hr
EFL
e-Gulden
$0.22
-2.9% 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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Proof of Work Coin Comparisons

Article by Yunis
30 June 2021 (Updated 21 July 2024)
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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