What makes crypto great is mining when there is an option to do so. Lately, we've witnessed the growth of ASIC miners which scoop up most of the work on the most valuable coins and leave the general user with lower-valued coins. But all that doesn't necessarily need to be a bad thing. The magic of mining is you can do it yourself on a normal laptop when it comes to altcoins. All you need are some basic computer skills and a lot of patience.
Remember to use an online calculator for estimating your actual gains (don’t forget that electricity costs you money as well) and deciding on which new crypto to mine in today's conditions. That can also be defined by mining difficulty which increases by the number of miners every time the demand for a larger hash rate increases. Your hash rate is basically how much computing power you are providing for mining new blocks. This takes what is called "block time". Block time is how long it takes the network to find a solution to the block hash. These hashes contain puzzles which follow a certain algorithm like SHA256, Ethash or CryptoNight. You will most likely use a mining pool for mining, as it is the best way for starters. Here you contribute with your hash power and get a fair share form the earnings. You will also need mining software for your rig. If you’re planning to mine with your laptop (GPU), look for a newer cryptocurrency where you’ll get more on rewards. GPUs are far better at handling parallel processing than CPUs. These computations are basically simple math problems at which GPUs are far better at solving.
Some cryptocurrencies are also ASIC resistant, which means ASIC mining rigs are unable to mine thanks to their insufficient memory for an ASIC resistant coin, or simply there hasn't been an ASIC device yet built for mining the cryptocurrency. ASIC mining has been pushing out GPU home miners and eventually sucking up a large amount of power which is not helping the environment a single bit. If you consider that one of the best GPUs on the market go for around $400 and will give you only about 1 GH/s of power and an Antminer U2 which you’re able to get for around $20 on eBay will provide 2 GH/s, the difference is huge. Lately, we're witnessing large buildings with large numbers of ASIC devices being erected either in places where energy is cheap, or the weather is cool. The issue is that this only leads to centralization and an eventual monopoly on who is "allowed" to mine the coin.
On the list below you can scroll through many cryptocurrencies which are all mineable and run on the Proof of Work consensus algorithm. Coins with the most optimal mining difficulty are your best bet.
Proof-of-Work (PoW)
The proof-of-work system/protocol, was first used in the mid-1990's for fighting spam emails. The idea never found a truly useful cause until 2009 when bitcoin was created. Bitcoin itself utilizes this protocol in its transaction blockchain and thanks to this we can witness the growth in bitcoin mining. The base idea of this lies in a challenge and proof (or response). The challenge is a transaction, which is a specific cryptographic puzzle. The proof is that a miners computer cracks the puzzle, so the transaction goes through. And that is proof of the miners' work and him providing his hardware for the validation of transactions. The more hash power a miner can provide for validating transactions, the bigger his cryptocurrency coin reward for the service is. The problem with PoW is that mining has become so large that miners are investing into giant A.S.I.C. hardware which is highly energy consuming. Many mining farms are built around the globe as bitcoin has risen in value.
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$ 12,931.6
8.40 %
$ 239.54 B
Ƀ 521.50 K
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$ 0.2538
3.85 %
$ 25.38 B
XRP 1.44 B
3
$ 260.09
7.72 %
$ 4.82 B
BCH 1.57 M
4
$ 53.61
13.87 %
$ 3.55 B
Ł 7.76 M
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$ 4.52
-4.04 %
$ 2.26 B
HT 7.18 M
6
$ 123.90
3.86 %
$ 2.20 B
XMR 664.83 K
7
$ 18.64
8.81 %
$ 1.86 B
NEO 3.77 M
8
$ 0.2820
6.13 %
$ 783.83 M
MIOTA 25.18 M
9
$ 75.48
4.96 %
$ 737.46 M
DASH 710.43 K
10
$ 5.58
2.44 %
$ 680.65 M
ETC 10.63 M
11
$ 63.17
7.00 %
$ 650.78 M
ZEC 1.62 M
12
$ 0.00003880
-40.00 %
$ 628.41 M
SHND 163.92 K
13
$ 0.002716
-4.55 %
$ 344.30 M
DOGE 3.53 B
14
$ 0.02173
-7.69 %
$ 296.97 M
DGB 192.21 M
15
$ 12.57
-1.52 %
$ 152.79 M
DCR 117.77 K
16
$ 7.95
-1.71 %
$ 136.74 M
BTG 222.15 K
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$ 0.5413
-1.44 %
$ 99.35 M
BCD 3.73 M
18
$ 0.002974
9.52 %
$ 98.44 M
SC 1.41 B
19
$ 0.4901
0.00 %
$ 95.57 M
FORK 0
20
$ 1.28
-6.29 %
$ 87.18 M
MONA 1.14 M
21
$ 0.004655
-2.70 %
$ 76.24 M
XVG 240.76 M
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$ 5.82
-3.89 %
$ 59.40 M
ZEN 538.95 K
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$ 3.84
-5.62 %
$ 29.06 M
XZC 336.96 K
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$ 0.005431
-4.55 %
$ 28.22 M
ETN 209.97 M
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$ 133.20
0.00 %
$ 27.02 M
UNO 0
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$ 0.0009052
-12.50 %
$ 26.94 M
RDD 65.76 M
27
$ 0.04190
-3.86 %
$ 25.05 M
SYS 2.54 M
28
$ 0.0001293
0.00 %
$ 23.80 M
BCN 35.00 M
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$ 0.1580
-5.20 %
$ 15.75 M
STEEM 18.20 M
30
$ 0.0003879
0.00 %
$ 15.52 M
CSC 116.25 K
31
$ 0.2056
-4.90 %
$ 15.51 M
ETP 1.07 M
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$ 0.001940
-6.25 %
$ 14.57 M
NIM 329.81 M
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$ 0.2522
-0.46 %
$ 14.39 M
VTC 441.70 K
34
$ 0.9681
0.00 %
$ 14.27 M
NMC 0
35
$ 0.7449
0.00 %
$ 13.77 M
BIS 0
36
$ 0.1758
-1.11 %
$ 13.38 M
GRS 1.33 M
37
$ 0.1911
0.82 %
$ 12.17 M
NXS 313.79 K
38
$ 0.01255
0.00 %
$ 11.29 M
FLASH 0
39
$ 0.05315
1.99 %
$ 10.63 M
GAME 399.85 K
40
$ 0.04552
-4.09 %
$ 10.05 M
EMC2 753.88 K
41
$ 0.02755
0.00 %
$ 9.91 M
NOTE 0
42
$ 0.01254
-5.83 %
$ 9.60 M
RVN 268.70 M
43
$ 0.4630
-1.02 %
$ 8.87 M
LOKI 102.07 K
44
$ 0.0001293
0.00 %
$ 8.02 M
IFLT 0
45
$ 0.003492
-3.57 %
$ 7.82 M
SMART 80.91 M
46
$ 0.5187
0.00 %
$ 6.87 M
BWK 0
47
$ 0.4483
5.77 %
$ 6.79 M
DYN 2.54 K
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$ 0.001293
-16.67 %
$ 6.57 M
XDN 100.60 M
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$ 0.1557
1.09 %
$ 5.91 M
UBQ 77.85 K
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$ 0.5306
-3.78 %
$ 5.84 M
SKY 469.82 K
51
$ 0.2092
-4.82 %
$ 5.56 M
PPC 46.50 K
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$ 0.03052
-4.07 %
$ 4.75 M
FLO 154.04 K
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$ 0.1878
2.76 %
$ 4.35 M
VIA 417.27 K
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$ 0.2241
-1.98 %
$ 4.13 M
BTX 4.55 K
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$ 0.6368
0.00 %
$ 3.57 M
ZCL 0
56
$ 0.0001188
-25.00 %
$ 3.37 M
ECA 30.54 M
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$ 1.24
-21.95 %
$ 3.25 M
XCP 1.40 K
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$ 0.007242
0.00 %
$ 3.01 M
NLG 2.23 M
59
$ 1.41
0.00 %
$ 2.65 M
HXX 0
60
$ 0.001423
0.00 %
$ 2.49 M
XMY 2.22 M
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$ 0.01667
0.00 %
$ 2.35 M
MGD NaN
62
$ 0.07099
0.00 %
$ 2.33 M
PASC 0
63
$ 0.08832
0.00 %
$ 2.30 M
XPM 0
64
$ 0.00000396
0.00 %
$ 2.20 M
DIME 150.01 M
65
$ 0.07863
-9.52 %
$ 1.94 M
CURE 112.75 K
66
$ 0.07255
2.75 %
$ 1.87 M
CRW 62.04 K
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$ 0.01050
0.00 %
$ 1.84 M
PURA 0
68
$ 0.01461
0.00 %
$ 1.82 M
GOLOS 0
69
$ 0.002587
-13.04 %
$ 1.80 M
LCC 34.01 K
70
$ 0.03777
1.31 %
$ 1.63 M
EMC 93.41 K
71
$ 0.02095
8.72 %
$ 1.62 M
OK 169.15 K
72
$ 0.04203
0.00 %
$ 1.46 M
XTO 0
73
$ 0.006078
-6.00 %
$ 1.41 M
FTC 506.64 K
74
$ 0.02263
5.42 %
$ 1.38 M
SLR 13.46 K
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$ 0.07358
-0.70 %
$ 1.36 M
IOC 20.20 K
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$ 0.005690
-10.20 %
$ 1.28 M
POT 162.34 K
77
$ 0.00000800
0.00 %
$ 1.15 M
NYC 1.58 M
78
$ 0.005302
-4.65 %
$ 1.08 M
MUE 276.33 K
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$ 0.0001035
0.00 %
$ 935.84 K
LINDA 0
80
$ 0.04824
0.00 %
$ 911.49 K
AUR 0
81
$ 0.00003961
0.00 %
$ 903.16 K
ESP 0
82
$ 0.07825
-5.32 %
$ 855.92 K
LUX 5.02 K
83
$ 0.06725
-9.88 %
$ 705.76 K
EXP 299.64 K
84
$ 0.01440
10.77 %
$ 489.41 K
PIRL 3.51 K
85
$ 0.005690
-15.38 %
$ 455.48 K
TUBE 3.30 M
86
$ 0.003880
0.00 %
$ 355.66 K
XEL 16.87 K
87
$ 0.0006466
0.00 %
$ 347.20 K
PAC 9.10 M
88
$ 0.06429
0.00 %
$ 308.92 K
MNX 0
89
$ 0.01772
-6.16 %
$ 305.84 K
SIB 91.59 K
90
$ 0.001423
0.00 %
$ 298.76 K
RVR 0
91
$ 0.01306
0.00 %
$ 291.62 K
ONION 0
92
$ 0.003104
0.00 %
$ 143.08 K
SEQ 0
93
$ 0.0004790
-7.53 %
$ 118.61 K
CLO 25.45 M
94
$ 0.03906
-7.65 %
$ 87.21 K
DBIX 9.52 K
95
$ 0.01591
0.00 %
$ 7.95 K
LMC 0
96
$ 0.00002773
0.00 %
$ 0.002440
MOON 0
97
$ 0.4196
1.31 %
$ 0
AEON 5.39 K
98
$ 2.24
0.00 %
$ 0
ERA NaN
99
$ 0.1203
3.33 %
$ 0
BTCP 2.03 K
100
$ 0.0002586
0.00 %
$ 0
MUSIC 0
101
$ 0.02160
-17.33 %
$ 0
LBC 31.49 M
102
$ 2,327.69
0.00 %
$ 0
RMC 0
103
$ 0.005303
-8.89 %
$ 0
THC 31.45 K
104
$ 0.00003564
0.00 %
$ 0
HTML 733.92 M
105
$ 0.06801
38.13 %
$ 0
MOAC 268.98 K
106
$ 0.002199
0.00 %
$ 0
GIN 0
107
$ 0.002328
0.00 %
$ 0
TOA 0
108
$ 1.81
-7.29 %
$ 0
ELA 2.03 M
109
$ 0.07385
0.00 %
$ 0
BBR 2.80 K
110
$ 0.02059
0.00 %
$ 0
XWC 59.84 K
111
$ 0.2090
0.50 %
$ 0
NVC 3.56 K
112
$ 0.0001584
0.00 %
$ 0
TTT 0
113
$ 0.1164
0.00 %
$ 0
BCA 722.72
114
$ 0.4686
-0.52 %
$ 0
POLIS 108.95
115
$ 1.78
9.39 %
$ 0
XHV 162.68 K
116
$ 0.006596
0.00 %
$ 0
BCI 0
117
$ 0.0001293
0.00 %
$ 0
GRFT 0
118
$ 0.06939
7.68 %
$ 0
NIX 276.20 K
Proof-of-Stake (PoS)
The proof-of-stake system works on a principle of validators of a block being chosen randomly. The validators can higher their chances by having the largest stake in each validation. The higher the money deposit in the block (or stake), the higher the chance of validating the block and later on receiving the transaction fees.
This particular system is more considerate to the environment as it doesn’t require large amounts of energy and hardware.
1
$ 0.1078
5.17 %
$ 4.85 B
ADA 868.13 M
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$ 2.63
4.44 %
$ 2.69 B
EOS 76.70 M
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$ 0.02696
3.10 %
$ 1.80 B
TRX 7.68 B
4
$ 0.08507
4.42 %
$ 1.77 B
XLM 901.94 M
5
$ 1.24
1.72 %
$ 817.74 M
LEO 513.69 K
6
$ 0.00003880
-40.00 %
$ 628.41 M
SHND 163.92 K
7
$ 0.5536
5.75 %
$ 352.84 M
ONT 58.92 M
8
$ 3.11
8.30 %
$ 310.60 M
WAVES 9.39 M
9
$ 2.29
-2.05 %
$ 228.66 M
QTUM 11.05 M
10
$ 0.07462
-3.67 %
$ 163.82 M
MANA 30.54 M
11
$ 12.57
-1.52 %
$ 152.79 M
DCR 117.77 K
12
$ 0.5413
-1.44 %
$ 99.35 M
BCD 3.73 M
13
$ 0.4901
0.00 %
$ 95.57 M
FORK 0
14
$ 0.01901
-3.92 %
$ 68.45 M
BTS 122.64 M
15
$ 0.05121
-2.46 %
$ 51.21 M
ARDR 12.79 M
16
$ 0.4575
-34.38 %
$ 49.13 M
CNX 3.01
17
$ 0.4500
7.94 %
$ 45.00 M
STRAT 8.71 M
18
$ 0.2705
0.29 %
$ 28.72 M
WAN 3.57 M
19
$ 0.0009052
-12.50 %
$ 26.94 M
RDD 65.76 M
20
$ 0.3739
-3.58 %
$ 24.04 M
PIVX 131.94 K
21
$ 1.42
0.00 %
$ 16.69 M
BITG 0
22
$ 16.24
-2.64 %
$ 16.47 M
SLS 18.99
23
$ 0.01112
-11.34 %
$ 11.12 M
LET 283.77 M
24
$ 0.009440
-7.59 %
$ 9.44 M
NXT 21.59 M
25
$ 0.1327
-2.66 %
$ 9.27 M
NAV 268.49 K
26
$ 0.0002587
0.00 %
$ 8.80 M
PND 0
27
$ 0.0001293
0.00 %
$ 8.02 M
IFLT 0
28
$ 1.10
2.20 %
$ 7.92 M
BLOCK 3.02 K
29
$ 0.5187
0.00 %
$ 6.87 M
BWK 0
30
$ 0.4032
-5.30 %
$ 6.86 M
NEBL 174.06 K
31
$ 0.2092
-4.82 %
$ 5.56 M
PPC 46.50 K
32
$ 0.4588
-10.83 %
$ 4.45 M
PART 11.14 K
33
$ 0.06750
-12.12 %
$ 4.07 M
BLK 1.20 M
34
$ 0.0001188
-25.00 %
$ 3.37 M
ECA 30.54 M
35
$ 0.1245
0.00 %
$ 3.32 M
XSPEC 0
36
$ 0.003492
8.00 %
$ 2.16 M
NLC2 3.25 M
37
$ 0.001940
0.00 %
$ 2.01 M
BAY 0
38
$ 0.4617
-4.26 %
$ 1.91 M
RADS 105.03 K
39
$ 0.03777
1.31 %
$ 1.63 M
EMC 93.41 K
40
$ 0.02095
8.72 %
$ 1.62 M
OK 169.15 K
41
$ 0.04203
0.00 %
$ 1.46 M
XTO 0
42
$ 0.02263
5.42 %
$ 1.38 M
SLR 13.46 K
43
$ 0.07358
-0.70 %
$ 1.36 M
IOC 20.20 K
44
$ 0.00000396
0.00 %
$ 1.18 M
XP 0
45
$ 0.008407
0.00 %
$ 1.04 M
ENRG 0
46
$ 0.0001035
0.00 %
$ 935.84 K
LINDA 0
47
$ 0.04824
0.00 %
$ 911.49 K
AUR 0
48
$ 0.00003961
0.00 %
$ 903.16 K
ESP 0
49
$ 0.07825
-5.32 %
$ 855.92 K
LUX 5.02 K
50
$ 0.03000
0.00 %
$ 828.01 K
RBY 0
51
$ 0.03763
0.00 %
$ 813.70 K
TPAY 7.68 M
52
$ 0.1318
-4.50 %
$ 726.50 K
CLOAK 41.86 K
53
$ 0.02793
-4.85 %
$ 543.46 K
ION 38.76 K
54
$ 0.0006466
0.00 %
$ 347.20 K
PAC 9.10 M
55
$ 0.01306
0.00 %
$ 291.62 K
ONION 0
56
$ 0.05393
0.00 %
$ 236.88 K
NEOS 0
57
$ 0.005303
-12.77 %
$ 159.22 K
DEV 12.78 K
58
$ 0.003104
0.00 %
$ 143.08 K
SEQ 0
59
$ 0.0003879
0.00 %
$ 41.51 K
GCR 0
60
$ 0.001164
0.00 %
$ 13.26 K
PHR 0
61
$ 0.01591
0.00 %
$ 7.95 K
LMC 0
62
$ 1.33
0.00 %
$ -1.334e-8
CLAM 0
63
$ 0.001423
0.00 %
$ 0
COLX 0
64
$ 0.01030
-1.06 %
$ 0
PZM 3.53 M
65
$ 0.2090
0.50 %
$ 0
NVC 3.56 K
66
$ 0.005303
-8.89 %
$ 0
THC 31.45 K
67
$ 0.0002812
0.00 %
$ 0
NTY 0
68
$ 0.00003564
0.00 %
$ 0
HTML 733.92 M
69
$ 0.02059
0.00 %
$ 0
XWC 59.84 K
70
$ 0.0001293
0.00 %
$ 0
GRFT 0
71
$ 0.01203
16.25 %
$ 0
BOS 274.66 K
72
$ 0.009053
-24.73 %
$ 0
DCT 428.60 K
73
$ 0.1164
0.00 %
$ 0
BCA 722.72
74
$ 0.002328
0.00 %
$ 0
TOA 0
75
$ 2.24
0.00 %
$ 0
ERA NaN
76
$ 0.06801
38.13 %
$ 0
MOAC 268.98 K
Proof of Authority (PoA)
The Proof of Authority consensus algorithm uses the factor of one's identity as a stake in the validating of blocks. This way it can determine easily if the block validator is sufficient enough for the task.
1
$ 1.91
0.00 %
$ 1.91 B
VEN 0
2
$ 0.01629
-8.70 %
$ 3.33 M
POA 9.56 M
Proof - OF - Cooperation (PoC)
Proof of Cooperation instead of competing works on the basis of cooperation. Each node works with each other to validate transactions and form new blocks for the blockchain. Creating blocks is effortless, that’s why the algorithm saves power and can be run on even smallest of devices.
1
$ 0.4714
0.00 %
$ 25.07 M
FAIR 0
Quantum-Resistance-Layer (QRL)
The Quantum Proof of Stake or QPoS consensus algorithm holds the same base core like a normal PoS algorithm, in which validators stake their share in the block creation which is carried out by the largest staker. The QPoS is also resistant to both classic and quantum computing attacks. Hopefully this combination will create an even safer and more energy saving algorithm which will be available to more cryptocurrencies than only QRL.
1
$ 123.90
3.86 %
$ 2.20 B
XMR 664.83 K
2
$ 0.2820
6.13 %
$ 783.83 M
MIOTA 25.18 M
Proof-of-Reputation (PoR)
Proof of Reputation works on the basis of validating nodes being required to have a certain reputation in order to have power over validating new blocks and transactions. That means the participating block signer would face financial consequences in the case of him cheating the system. This ensures better security and is far more green than PoW and etc.
1
$ 0.1028
-3.56 %
$ 10.28 B
CRO 415.43 M
2
$ 0.9998
-0.02 %
$ 2.81 B
USDC 41.84 M
3
$ 12,932.3
1.05 %
$ 1.39 B
WBTC 1.54 K
4
$ 5.33
4.35 %
$ 1.02 B
ATOM 8.20 M
5
$ 0.006724
-8.77 %
$ 0
GO 27.42 M
Delegated Proof of Stake (DPoS)
The idea of Delegated Proof of Stake is that the cryptocurrencies holders vote on a selection of 101 delegates who create new blocks in the blockchain and collect block rewards. Each round of consensus consists of 101 blocks with each delegate assigned one block forge. If a delegate is unable to forge their assigned block, the activity in that block is moved to the next block.
Because of the low number of block producers, DPoS protocol has slipped into losing its decentralization for throughput which is in a way losing the basic idea of cryptocurrencies.
1
$ 2.14
4.54 %
$ 1.74 B
XTZ 17.96 M
2
$ 1.11
-4.15 %
$ 177.68 M
LSK 2.25 M
3
$ 0.1785
-15.70 %
$ 37.48 M
WICC 22.78 M
4
$ 0.4298
-3.32 %
$ 30.09 M
GXS 27.69 M
5
$ 0.4377
0.00 %
$ 6.23 M
SHIFT 0
6
$ 0.05949
0.00 %
$ 5.55 M
XAS 0
7
$ 0.3164
-2.08 %
$ 1.42 M
PPY 60.23 K
8
$ 0.005044
-7.14 %
$ 819.98 K
RISE 70.81 K
9
$ 0.00005000
0.00 %
$ 56.12 K
OXY 24.88 K
10
$ 0.0001109
0.00 %
$ 43.25 K
SSC 0
11
$ 0.02936
-1.73 %
$ 36.14 K
SEM 444.22 K
12
$ 0.004000
0.00 %
$ 0
ACT 16.11 M
Proof-of-Capacity (PoC)
The proof-of-capacity protocol is the newest, being introduced in 2013. In this protocol, coins are distributed among miners over a long period of time. All that is needed is hard drive space in order to mine.
1
$ 11.02
9.98 %
$ 11.02 B
LINK 30.89 M
2
$ 0.07449
-4.64 %
$ 2.47 B
AION 4.90 M
3
$ 570.21
2.33 %
$ 572.43 M
MKR 11.64 K
4
$ 0.3639
0.00 %
$ 473.09 M
LEND 0
5
$ 0.3851
-2.78 %
$ 154.13 M
ICX 14.54 M
6
$ 0.002328
-10.00 %
$ 4.22 M
BURST 3.31 M
7
$ 0.01035
0.00 %
$ 2.76 M
QRK 0
8
$ 0.006725
15.56 %
$ 1.59 M
CANN 936.30
9
$ 0.0001000
0.00 %
$ 8.03 K
AC3 0
10
$ 3.61
-8.03 %
$ 0
SNX 2.32 M
Proof of Audit (PoA)
1
$ 0.3921
-2.57 %
$ 166.66 M
STORJ 20.39 M
2
$ 0.9051
-4.44 %
$ 120.61 M
NANO 4.93 M
3
$ 0.06389
-2.18 %
$ 89.89 M
BTM 226.30 M
4
$ 0.1507
10.26 %
$ 33.49 M
ETHOS 817.85 K
5
$ 0.2142
-14.11 %
$ 15.67 M
BEAM 11.71 M
6
$ 1.08
-10.71 %
$ 10.17 M
FCT 26.43 K
7
$ 0.004914
0.00 %
$ 3.33 M
CPX 0
8
$ 0.08575
-0.30 %
$ 767.15 K
SUMO 3.62 K
9
$ 0.0005149
0.00 %
$ 514.92 K
FOTA 2.61 M
10
$ 0.002845
4.76 %
$ 131.12 K
BLAST 46.85 K
11
$ 0.009053
0.00 %
$ 8.18 K
GRLC 0
12
$ 0.2183
-6.33 %
$ 0
ADX 3.40 M
13
$ 0.001423
0.00 %
$ 0
CSTL 0
14
$ 0.02341
-3.21 %
$ 0
GBX 2.95 K
15
$ 0.3770
-5.21 %
$ 0
GRIN 1.11 M
16
$ 0.2107
0.00 %
$ 0
HUSH 0
Quantum-Proof-of-Stake (QPoS)
The Quantum Proof of Stake or QPoS consensus algorithm holds the same base core like a normal PoS algorithm, in which validators compete in who validates each block and the higher the money deposit in the block (or stake), the higher the chance of validating the block on the ledger and later on receiving the transaction fees, but will also be resistant to both classic and quantum computing attacks. Hopefully this combination will create a even safer and energy saving algorithm which will be available for more cryptocurrencies than only QRL.
1
$ 4.20
7.79 %
$ 4.23 B
DOT 21.13 M
2
$ 1.01
0.00 %
$ 606.69 M
DAI 8.13 M
3
$ 0.05367
-4.82 %
$ 2.00 M
XST 25.01 K
Delayed Proof-of-Work (dPoW)
The Delayed Proof of Work consensus method was first used on Komodo, a cryptocurrency connected to Bitcoins blockchain and utilizing its hash rate. A dPoW blockchain can be attached to any PoW blockchain and can either use the Proof of Work or Proof of Stake consensus.
dPoW has two different types of nodes. Normal nodes and 64 notary nodes, which are voted in by the dPoW blockchains stakeholders. These notary nodes need a majority of 33 to sign a completed block into the Bitcoin blockchain.
When mining, notary nodes are allowed to mine at a lower difficulty of mining than normal nodes which adds on security and prevents mining wars.
dPoW reduces high energy usage by preventing mining with ASICs and uses a circulating right to mine method for notary nodes which decreases the competition between nodes, hence saving energy.
1
$ 97.71
2.29 %
$ 977.10 M
COMP 114.06 K
2
$ 0.4999
-5.34 %
$ 59.32 M
KMD 3.35 M
Distributed Proof-of-Research (DPoR)
1
$ 8.21
1.21 %
$ 829.91 M
UMA 2.17 M
2
$ 0.7437
-5.63 %
$ 743.73 M
HEDG 191.98 K
3
$ 3.34
5.14 %
$ 468.00 M
OMG 10.37 M
4
$ 0.3078
6.65 %
$ 197.43 M
ALGO 66.70 M
5
$ 0.002457
0.00 %
$ 1.01 M
GRC 0
Proof-of-Research (PoR)
The Proof of Research algorithm uses the Proof of Stake algorithm in the process of “mining” for which miners need a wallet with the cryptocurrencies coins on it which act as a stake.
Gridcoin is both a PoS and PoR coin and by combining these two, PoS gives the coins its desired security and also its energy-saving features.
1
$ 1.00
0.10 %
$ 10.35 B
₮ 159.08 M
Proof of Signature PoSign (PoSP)
Proof of Signature PoSign contains a feature of STATIC nodes which verify new blocks. In order to sign off a block, it has to validate a transaction. Any malicious nodes are automatically blacklisted.
1
$ 0.03750
0.00 %
$ 0
XBY 0
Trustless Proof of Stake (TPoS)
Trustless Proof of Stake introduces staking as a business where a merchant can stake coins of others in a goal of a block verification reward. This will allow your coins in cold storage to be actively staked.
1
$ 13,945.2
6.08 %
$ 418.36 M
YFI 7.82 K
2
$ 0.1684
3.42 %
$ 12.73 M
XSN 3.67 M
Proof of Devotion (PoD)
The Proof of Devotion algorithm is a combination of Delegated Proof of Stake and Proof of Identity. This can help to create an even more secure consensus algorithm.
1
$ 0.3270
-3.07 %
$ 32.70 M
NAS 5.23 M
Proof of Process (PoP)
The Proof of Process protocol uses the trust of all parties in a process, which can be a flow of information or an action. This will eventually help data handling in many directions.
1
$ 1.08
-10.71 %
$ 10.17 M
FCT 26.43 K
Proof of Existence (PoE)
Proof of Existence is a service which wishes to help notaries with the process of authenticating timestamped documents via the bitcoin blockchain. It was first developed as an open source project in 2013.
1
$ 1.08
-10.71 %
$ 10.17 M
FCT 26.43 K
Proof of Importance (PoI)
Proof of Importance was first developed for the NEM blockchain platform. Similarly like the PoS network, the nodes compete on who will verify the next block. This is determined with the “importance” of each node. The importance score contains factors like amount of the blockchains coins held, amount of transactions in the last month, and more. This provides a positive difference opposed from PoS where the argument could be it benefits mainly crypto hoarders.
1
$ 0.1090
-7.46 %
$ 981.12 M
XEM 255.37 M
Proof - OF - Stake - TIME (PoST)
Proof of Stake-Time is a consensus algorithm which works on the basics of Proof of Stake but adds a stake-time feature which increases the odds of staking over time. This leads to more active staking and also strengthens the decentralization of the algorithm.
1
$ 0.04074
-2.17 %
$ 1.35 M
VRC 9.82 K
