Recently, PoW projects have once again attracted a lot of attention due to the rise of Bitcoin ($BTC) and the strong rise of Kasumi ($KAS). Many investors quickly jumped on the bandwagon, speculating on various smaller currencies, and the recent gains have been quite rapid. However, be aware that choosing which coins will survive and succeed is a complex task. Most PoW coins are often just old algorithms with a new appearance, and they will leave the market after speculation. Here, we will sort out the PoW algorithm to help everyone better understand how to select potential projects.

1. SHA-256

SHA-256 is the oldest algorithm and originated in Bitcoin ($BTC). After the development of SHA-0, SHA-1, SHA-2, SHA-3 and other series, it has been widely adopted by many alternative coins. This algorithm has a long history and is the cornerstone of many cryptocurrencies.

2. Script

Scrypt is improved from the SHA algorithm, and one of the most well-known coins is Litecoin ($LTC). This algorithm is relatively new and provides more options for some currencies.

3. RandomX

RandomX is the widely known Monero ($XMR) algorithm that is resistant to professional miners, providing opportunities for many altcoins. It is designed to increase decentralization and reduce miners' control over the network.

4. kHeavyHash

kHeavyHash is the algorithm used by Kasumi ($KAS), which is called heavy hashing. It is a new algorithm that will resist optical mining machines in the future. Recently, there have been projects using this algorithm to issue coins.

5. Etchash

Etchash is the algorithm of Ethereum ($ETH) that was still used by some projects when ETH moved to PoS. However, most related projects failed to survive.

6. GhostRider

The GhostRider algorithm is widely used, and the most popular one last year was Raptoreum ($RTM). A considerable number of new projects use this algorithm, which has attracted much attention.

7. x11

The x11 algorithm is a node concept algorithm that is relatively little known. Opportunities for daily contact are also limited.

Listed here are some PoW algorithms that I often come into contact with. If you know other ones, you are welcome to add and share them to provide more help to those who want to join the PoW project. Before choosing to invest, in addition to paying attention to the white paper of the project, you must also conduct an in-depth study of the consensus protocol it adopts, because without an innovative consensus mechanism, it is difficult for the project to have long-term vitality. Hope this content is helpful to you. #BTC #WLD #ETH #etf