After the Bitcoin inscription, PoW mining coins also started to become popular. Although they are only popular in a small circle, they do have huge potential that is underestimated.
In particular, a platform called Dansuo has launched many such tokens. If you are interested, you can download them and have a look. I have also sorted out the tokens of this type for you. In the long run, these tokens may get a 30-100 times return.
Blockchain uses a consensus mechanism to prevent transaction duplication. There are two main consensus methods:
➜Proof of Work (PoW)
➜Proof of Stake (PoS)
Both mechanisms have their own advantages and disadvantages. PoS sacrifices some decentralization to improve performance. With the recent rise of the Bitcoin ecosystem, the PoW consensus mechanism has begun to come into our sight.
Recently, this type of blockchain has been gaining popularity.
One notable example is KAS , which has grown significantly by more than 300 times since July 2022.
All PoWs are unique in that their issuance is fair and requires mining to obtain new coins.
In this list, I will discuss PoW coins that have huge growth potential and will eventually bring significant profits in the long run:
◢ Neuraiproject - XNA
➜ NeurAI is a layer 1 PoW blockchain that prioritizes AI and IoT.
Its main goal is to serve as a platform that uses artificial intelligence algorithms to link areas such as predictive modeling, efficient data analysis and IoT devices.
NeurAI’s IoT devices include sensors and connectivity to blockchain, enabling data exchange and AI utilization in microcontrollers.
● XNA
Price: $0.0048
Market value: $46 million
FDV: $100 million
46% of the total supply is in circulation.
(Currently available for trading on the Matcha platform)
NeurAI will use IoT software such as:
- TensorFlow: Developed by Google Brain
- TinyML: A subfield of machine learning
- ONNX: Open Source AI Ecosystem
- PyTorch: Python open source machine learning library
The AI + PoW narrative is here.
◢ Dynexcoin - DNX
➜ Dynex is an innovative platform for neuromorphic computing that leverages a flexible blockchain protocol.
Its foundation lies in a network of participating PoUW miners forming a decentralized neuromorphic supercomputing network.
Dynex is a decentralized neuromorphic computing network where PoUW miners perform computations using the DynexSolve algorithm, including Dynex Chip computations.
● DNX
Price: $0.99
Market value: $77 million
FDV: $100 million
78% of the total supply is in circulation.
(Currently available for trading on the Matcha platform)
Dynex has developed the Dynex Neuromorphic Chip, which transforms any modern FPGA-based chip into a high-speed neuromorphic computing chip for a wide range of applications.
The network is superior to quantum computing in terms of speed and efficiency. Regardless of whether the technology can be ultimately realized, there is room for hype only as long as there are publicity points and gimmicks.
◢ Zephyr_org - ZEPH
➜ Zephyr’s solution integrates the Djed stablecoin framework with Monero’s privacy features to create a private, reserve-backed stablecoin ecosystem.
Users can use the base coin ZEPH to mint or redeem stablecoin ZSD and reserve coin ZRS to ensure stability and privacy.
The algorithmic reserve system uses ZEPH as a dynamic reserve to back the stablecoin. It maintains a minimum of 400% collateral for stability and security.
● ZEPH
Price: $27
Market value: $58 million
Minting and redemption operations do not affect the supply of ZEPH.
(Currently available for trading on the Matcha platform)
Zephyr embraces privacy and confidentiality, leveraging Monero’s anonymity features like ring signatures and bulletproofs.
In short: it is a decentralized stablecoin ecosystem that prioritizes privacy with PoW while incorporating multiple narratives, with huge room for future growth.
◢ NexaMoney - NEXA
➜ Nexa is a proof-of-work, UTXO layer 1 blockchain with a native token and smart contracts.
By leveraging hardware for scaling, Nexa removes two important bottlenecks that hinder scalability: signing and UTXO lookups.
Nexa uses graphene technology to enhance its operations, which improves the efficiency of the entire system by reducing traffic overhead and minimizing block distribution.
● CONNECTION
Price: 0.000014 USD
Market value: $32 million
FDV: $300 million
20% of the total supply is in circulation.
(Currently available for trading on the Matcha platform)
Finally I want to highlight some interesting low market cap PoW blockchains that have huge potential, perhaps even more than 100x.
- NeoxaNet - NEOX Innovative Proof-of-Work Currency Merging Gaming and Cryptocurrency.
- HathorNetwork - HTR uses DAG-based transaction scheduling outside of blocks, which are then confirmed by blocks.
- Clore_ai - CLORE provides distributed supercomputing by allowing the community to loan out GPUs for a fee in CLORE.
- Humanode_io - HMND ensures protection against Sybil attacks through decentralized biometric verification of human existence and uniqueness.
- DiabaseCoin - DIAC Based on the powerful and secure X11 algorithm L1 platform, Diabase provides unprecedented protection for assets.
In PoW blockchains, high caps may also show strong upside in the upcoming bull run.
KaspaCurrency - KAS A decentralized and scalable Layer1 digital ledger with parallel blocks and instant transaction confirmations.
Opentensor - TAO aims to build a decentralized machine learning network where models can collaborate, learn, and earn TAO.
Conflux_Network - CFX is a POS/POW hybrid consensus mechanism designed to provide a secure and scalable environment for DApp e-commerce and Web3 infrastructure.
When it comes to long-term investing, remember that patience is key and you should view market declines as discounts.
