“5 Proof of Work Coins Poised for the Next Cycle“
The first coin on this list is Iron Fish, a small-cap contender that combines privacy, proof of work, and view-only/read-only capability. The read-only feature is crucial because it allows patients to reveal info to their doctors while keeping it private and inaccessible to others. This could be the solution to the US healthcare problem. Iron Fish has a user-friendly app, and its tokenomics are fair with only 6.1% for Core Team and 83% for Mining rewards.
Next up is Hathor, a DAG-based PoW platform that can merge mine with BTC or LTC. It also allows users to create their own PoW token platform. While its tokenomics are not great due to a big premine, they have a burn program and 18% locked up in a 5-year vault.
Tectum is an Ultimate Bitcoin Layer-2 Scaling Solution that has instant immutable transactions and proprietary Proof-of-Utility Consensus. It is perfect as an “Overlay Network” for various blockchain systems such as Bitcoin and has Internet of Things applications. Its Fully Diluted Market Cap is 104M.
Taraxa is an EVM-compatible smart contract platform that uses blockDAG and t-Graph consensus to tackle real-world challenges with 5000 TPS and only 4 seconds to finish. Tokenomics are OK/not great, with 3.6 billion circulations out of 10.3 billion.
Lastly, ANKR uses ETH PoW for security but is not mineable in the traditional sense. It does nodes and staking across more than 50 different blockchains and RPCs for ETH so you aren’t stuck with Infura if you use Metamask. Its Fully Diluted Market Cap is 268M.
“Hot Take: Diverse Proof of Work Coins Poised for Growth in Next Cycle“
If you’re looking for diversity in your crypto portfolio, these proof of work coins present potential opportunities for growth in the next cycle. From privacy-focused projects like Iron Fish to financial transaction apps like Hathor and scaling solutions like Tectum, each of these coins offers unique features that could position them well in the market. While some may have concerns about their tokenomics or market caps, these coins are worth considering as part of your investment strategy going forward.
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