Take stock of 7 noteworthy projects in the POW track

Original source: Biteye

Related Reading:

Behind the KAS Myth: The Hidden Coin Rush Production Line

The explosion of Kaspa has made many people pay attention to the POW track again, and 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 the seven related projects of the POW track for everyone, and interested partners should not miss it~

1、Kaspa

Token：$KAS

MC：$ 2.87 B

@KaspaCurrency is a decentralized Layer 1 project based on PoW, with a good team background, the founder is a postdoctoral fellow at Harvard, and his research direction is transaction sequencing and MEV.

Kaspa’s blockchain structure is different from BTC in that it is not a single-chain structure, but a directed acyclic graph (DAG) structure, which can maintain a faster block production speed.

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

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

2、Bittensor

Token：$TAO

MC：$ 1.29 B

@bittensor aims to advance AI through a blockchain-powered incentive structure. In this ecosystem, contributors are rewarded with $TAO for their efforts. The network combines a hybrid consensus mechanism of proof-of-work (PoW) and proof-of-stake (PoS) elements.

Bittensor combines PoW with AI, and uses PoW for mining and AI model computation to form a decentralized network of large models.

Miners in Bittensor host AI models and feed them to the network, where validators rank miners based on their “smart contributions.” The network has a 1 $TAO reward per block, which is divided equally between miners and validators through mining and validation.

3、Dynex

Token：$DNX

MC：$ 78.3 M

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

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

It currently ranks 7th in the F2 Pool in terms of daily output token value.

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

Mining equipment: GPU (NVIDIA & AMD, mainstream GPU (video memory of at least 3 GB) is acceptable.

Operating system: Windows, Linux.

*Note: The background of this project is somewhat controversial, and its founder’s other projects have been charged by the SEC in 2019. *

4、Conflux

Token：$CFX

MC：$ 521.4 M

@Conflux_Network blockchains are 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 a higher level of scalability and security while keeping the network decentralized.

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

Conflux is ranked 13th in the F 2 Pool in terms of daily output token value.

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

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

Operating system: Windows, Linux.

5、Zephyr

Token：$ZEPH

MC：$ 56.3 M

The @zephyr_org protocol is built by Monero and allows 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 egalitarian mining, and there are three tokens in its ecosystem: a base coin (ZEPH), a stablecoin (ZephUSD), and a reserve coin (ZephRSV), with which users can mint the latter two. The base coin ZEPH is mined through the PoW algorithm.

Mining Tutorial:

6、Clore.AI

Token：$CLORE

MC：$ 31.6 M

Clore.AI is an emerging GPU computing power rental platform, and its dual narrative of POW and AI has recently attracted a lot of attention in the market.

Its business model includes artificial intelligence training, movie rendering, VPN, cryptocurrency mining, and other fields, and users can earn $CLORE tokens by renting computing power or providing computing power.

The project adopts the kawpow algorithm and is resistant to ASIC mining. There is no pre-mining and ICO of the token, 50% of each block is allocated to miners, 40% to lessers, and 10% to teams, and 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, VPN service, and more.

7、LiquidLayer

Token：$LILA

MC：$ 8.2 M

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

The protocol creates a unique LSD bridge that allows users to transfer funds from Ethereum and earn APY by bridging assets. 90% of the proceeds are returned to bridge tokens and $LILA holders on LiquidLayer.

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

Assets are transferred to various vaults and stability pools, such as Lido, Frax, RocketPool, and Aave, and are integrated into liquidity providers to optimize yields while maintaining liquidity. Earnings will be automatically transferred to the user’s Ethereum web wallet in the form of USDC.

Those who are interested in the POW track can check the POW token information through the Cryptohunt website below:

Link to original article