We are keeping Bitcoin and Litecoin separate from this list.
Here are 5 PoW coins positioned well for the next cycle. You can subscribe to Altcoin Buzz Alpha to have more analysis of this type.
1) Iron fish
Iron Fish is a small-cap gem contender. It blends privacy, proof of work, and view-only/read-only capability. The read-only is key here for a couple of reasons:
- Iron Fish is a US-based project: Regulators there will want to see that there is an access point when needed. This is much safer than building a backdoor that we can’t access but the Feds can
- Many projects will be able to use this feature: Patients can reveal any info they want to their doctors. While leaving the info private and inaccessible to everyone else. It may be the key to cracking the US healthcare on blockchain problem and solution.
1/ 🎉 Big news! The Iron Fish Node App is now officially live!
The user-friendly app allows anyone to run a full node directly from their desktop. Privacy technology just got a whole lot easier.
— Iron Fish (@ironfishcrypto) June 27, 2023
The tokenomics are also good with only 6.1% for Core Team and 83% for Mining rewards. This is as close to a fair launch as most teams are willing to do nowadays. There are some fair launch coins but very good. This is a pretty fair setup. Its fully diluted marketcap is 43.7M.
Hathor is a DAG-based PoW platform that can Merge mine with BTC or LTC and use it for security. Also, users can create their own PoW token platform. PoW smart contracts are called Nano contracts. Considers itself a financial transaction app chain.
What are #NanoContracts? 🧠
They are a simplified version of smart contracts that can be set up in its simplest form without any coding knowledge.
— Hathor Network (@HathorNetwork) October 27, 2023
Tokenomics is not great. Big Premine. But they have a burn program and 18% locked up in a 5-year vault. Circulating supply OK. Its Fully Diluted Market Cap is 57.2M.
Tectum is the Ultimate Bitcoin Layer-2 Scaling Solution that has instant immutable transactions. The Tectum Blockchain exceeds 1 million transactions per second using a proprietary Proof-of-Utility Consensus.
With Tectum community growing every day, it is essential to maintain the integrity of our products. SoftNote is the headline innovation from our ecosystem!
Here are few pointers to keep your SoftNotes safe this season:
🔹Never share your SoftNote passcode with anyone!
— Tectum (@tectumsocial) November 9, 2023
This makes Tectum the perfect solution as an “Overlay Network” for numerous blockchain systems such as Bitcoin. Tectum also has Internet of Things applications, such as recording the geo-position of a drone or systems status of a vehicle several times a second. 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. It has 5000 TPS and only 4 seconds to finish. AI-enabled ecosystem (per the Team) at 17% ROI for staking.
October 2023 @taraxa_project update!
⬆️ 81 validators (up from 79)
📷 5,648 wallets (up from 5,182)
🌉 Ficus Root cross-chain Bridge tech specs
🧢 Vote passed to cap $TARA supply!
… and more! 🦾https://t.co/hJeMBsG0cl
— Taraxa Project (@taraxa_project) November 3, 2023
Tokenomics is OK/not great. 3.6 billion circulations out of 10.3 billion. Only 28% for the Ecosystem and Community while 15% goes to the Team. Most are done through public and private sales and 20% to the Foundation, which we know means it could be used for anything at any time. Its Fully Diluted Market Cap is 95.7M.
ANKR uses ETH PoW for security but is not mineable in the traditional sense. All coins are in the market now. GREAT Web3 Infrastructure play down 9% in the last 12 months.
Ankr 🤝 @tencentcloud
Ankr has supported Tencent Cloud to launch its first Web3-native product, Tencent Cloud Blockchain RPC ☁️
⚡️ Aimed at businesses and companies seeking faster and more robust blockchain infrastructure access
— Ankr (@ankr) September 12, 2023
Do 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.
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