7 projects worth watching in the POW track

The popularity of Kaspa has made many people start to pay attention to the POW track again. At the same time, with the narrative bonus of BTC halving next year, the increase in the POW track can be said to be one of the strongest in this cycle. Biteye has sorted out the introduction of seven major projects related to the POW track for everyone. Interested friends should not miss it~

1. Kaspa

Token: $KAS

MC: $2.87 B

@KaspaCurrency is a decentralized Layer 1 project based on PoW. Its team has a good background. Its founder is a Harvard postdoctoral fellow, and his research direction is transaction sorting and MEV.

Kaspa's blockchain structure model is different from BTC. It is not a single chain structure, but a directed acyclic graph (DAG) structure, which can maintain a faster block speed.

The KAS mining algorithm is kHeavyHash, which supports ASIC mining.

Due to the recent surge in token prices, its current daily token output value ranks second, and it plans to develop its own Layer 1 ecosystem in the future.

2. Bittensor

Token: $TAO

MC: $1.29 B

@bittensor_ aims to advance the development of artificial intelligence through a blockchain-driven incentive structure. In this ecosystem, contributors are rewarded with $TAO for their efforts. The network uses a hybrid consensus mechanism that combines elements of Proof of Work (PoW) and Proof of Stake (PoS).

Bittensor combines PoW with AI, using PoW for mining and AI model calculations to form a decentralized large-model network.

Miners in Bittensor host AI models and provide them to the network, and validators rank miners based on their "intelligence contribution". The network has 1 $TAO reward per block, which is evenly distributed between miners and validators through mining and verification.

3. Dynex

Token: $DNX

MC: $78.3M

@dynexcoin is a neuromorphic supercomputing blockchain based on the DynexSolve chip algorithm, proposing a Proof of Useful Work (PoUW) method to improve the speed and efficiency of decentralized networks.

The Dynex network nodes are made up of PoUW miners, allowing any miner to perform Dynex chip calculations and receive the native token $DNX in return.

Currently, its daily token output value ranks seventh in F2 Pool.

The project's token DNX uses the DynexSolve mining algorithm and supports GPU mining.

Mining equipment: GPU (NVIDIA AMD, mainstream GPU (video memory not less than 3 GB) is acceptable.

Operating system: Windows, Linux.

Note: The background of this project is somewhat controversial, and its founder’s other projects were accused by the US SEC in 2019.

4. Conflux

Token: $CFX

MC: $521.4 M

@Conflux_Network blockchain is committed to solving the blockchain trilemma using a hybrid consensus mechanism that combines PoW and PoS. By leveraging the strengths of both mechanisms, Conflux is able to achieve higher levels of scalability and security while maintaining network decentralization.

Conflux is also EVM-compatible, making it easier for developers to build dApps on the platform.

Conflux ranks 13th in F2 Pool in terms of daily token output value.

The $CFX mining algorithm is Octopus, and it supports GPU mining, RTX 4090, RTX 3060, GTX 1660 Ti, RTX 3070, etc.

Mining equipment: GPU (supports NVIDIA and AMD graphics cards), video memory recommended to be 6 GB or more (the required video memory space increases linearly, increasing by 1 ~ 1.5 GB each year).

Operating system: Windows, Linux.

5. Zephyr

Token: $ZEPH

MC: $56.3 M

@zephyr_org protocol is built on Monero, allowing each native asset (ZEPH, ZephUSD and ZephRSV) to inherit Monero's privacy features. This ensures hidden transaction destinations and amounts, resulting in a private stablecoin protocol.

The Zephyr protocol runs on the RandomX Proof of Work (PoW) algorithm, which is designed to optimize general-purpose CPUs and support decentralized and equal mining. There are three tokens in its ecosystem: base coin (ZEPH), stable coin (ZephUSD) and reserve coin (ZephRSV). Users can mint the latter two with the former. The base coin ZEPH is obtained through PoW algorithm mining.

Mining tutorial: https://pool.zephyrprotocol.com/#getting_started

6. Clore.AI

Token: $CLORE

MC: $31.6M

Clore.AI is an emerging GPU computing power rental platform. Its dual narrative of POW and AI has recently attracted considerable attention from the market.

Its business model includes areas such as artificial intelligence training, movie rendering, VPN, and cryptocurrency mining. Users can earn $CLORE tokens by renting or providing computing power.

The project uses the kawpow algorithm to resist ASIC mining. There is no pre-mining and ICO for the token. 50% of each block is allocated to miners, 40% to lessors, and 10% to the team. A proof-of-holding system (POH) is proposed to incentivize token holders. In the future, Clore plans to launch more new features such as Clore Storage storage services, VPN services, etc.

7. LiquidLayer

Token: $LILA

MC: $8.2M

@LiquidLayer_ is a highly scalable PoW blockchain with an integrated Liquid-Stake-Derivative Bridge, a POW+LSD combined protocol.

The protocol has created a unique LSD bridge that allows users to transfer funds from Ethereum and earn APY on bridged assets. 90% of the yield is returned to bridge tokens and $LILA holders on LiquidLayer.

LiquidLayer’s LSD bridge is designed to seamlessly transfer assets between Ethereum and LiquidLayer chains.

After the assets are transferred, they will be stored in various vaults and stable pools, such as Lido, Frax, RocketPool and Aave, and will also be integrated into liquidity provision platforms to optimize yields while maintaining asset liquidity. The proceeds will be automatically transferred to the user's Ethereum network wallet in the form of USDC.

Friends who are interested in the POW track can view the POW token information through the Cryptohunt website below : https://cryptohunt.ai/zh-CN/tokenScreener/token