CoinEx PoW Tradeboard Ranking Concluded: Promising PoW Coins on CoinEx (II)
From the KAS boom at the beginning of the year to the LTC halving in August, PoW coins have once again captured the attention of crypto traders. CoinEx has continued to list more innovative crypto assets, providing traders with premium PoW coins. Right now, this global crypto exchange supports over 50+ PoW coins. In early September, CoinEx hosted PoW Tradeboard Ranking, with a prize pool of 5,000 USDT. Today, we will look into some of the most promising PoW coins available on CoinEx. Please note that this article is for reference only and offers no financial advice.
Neurai aims to be a platform harnessing the power of AI algorithms for efficient data analytics, predictive modeling, decision-making, and connectivity to IoT devices using blockchain assets. The initial needs for creating Neurai were based on the following fundamental principles: 1) robust and proven code; 2) implementation of PoW for fair distribution; 3) ASIC resistance to prevent mining centralization; 4) integration of assets to manage and interact with IoT; 5) availability of good documentation and libraries for a smooth start. In light of the above considerations, Neurai adopted Ravencoin as the chosen solution for their journey.
Ravencoin encompasses all the desired qualities, enabling Neurai to grow with robustness and simplicity. Similar to other projects, Neurai is not bound indefinitely to the initial codebase. During the continuous project evolution over the years, the team will incorporate new features and improvements that benefit the community. Neurai could choose to be a token on any existing blockchain, but the limitations and lack of transparency in distribution on other chains compelled the team to develop its own blockchain. Achieving decentralization and fair distribution is a highly intricate endeavor. However, Neurai is convinced that Satoshi’s invention of PoW ingeniously addresses this problem, and currently, there is no superior alternative for ensuring security in a distributed network.
XNA, the native token of Neurai, comes with a total supply of 21,000,000,000 and is used as transaction fees and rewards.
Beam offers strong privacy, substitution, and scalability. All Beam transactions are private by default. New nodes joining the network do not need to synchronize the entire transaction history, that is, they can request the synchronization of the compressed history records and block headers that only contain the system state to achieve fast synchronization.
Beam is a new crypto trying to implement MimbleWimble and was written from scratch in C ++. Beam features a limited supply with halved cyclical returns. User addresses are kept confidential at all times and are never disclosed to any third parties. Users have total access to and control over their privacy, and can decide who can access their information and what they are allowed to see. Beam supports custom transactions of different types, such as escrow, atomic swaps, and time-locked matters.
During the first five years of Beam’s existence, extra coins are emitted for every mined block in addition to the miner reward. Those extra coins are referred to as Treasury. In the first year, the miner reward is 80 coins per block, and Treasury emission is 20 coins per block. In the years 2–5, the miner reward is 40 coins per block, and Treasury emission is 10 coins per block. Treasury emission stops after 5 years.
Ergo, a smart contract platform based on PoW, aims to ensure the economic freedom of ordinary people through secure, accessible, and decentralized financial tools. The platform enables new models of financial interaction, underpinned by a safe and rich scripting language and flexible, powerful zero-knowledge proofs. As a self-amendable protocol, Ergo can absorb new ideas and improve itself in the future. Additionally, based on original research published at known peer-reviewed conferences, Ergo prioritizes useful features without compromising security using a research-driven but practical development model.
Ergo mining is based on Autolykos, an ASIC-resistant PoW algorithm written in Scala. Compared with other algorithms, Autolykos can run on most low-end GPUs at cooler temperatures, which expands the service life of mining rigs. Ergo provides economic improvements in addition to technical ones. At the heart of the economic improvements is the storage fee, which plays a key role in keeping the platform stable. If an output remains in the state for four years without being moved, a miner may charge a small fee for every byte kept in the state; if the output’s value is less than the fee payable, then it will be removed from the state.
ERG, Ergo’s native token, comes with a strictly limited supply of 97,739,925 Ergs. The amount of ERG going to the Treasury comprised a total of only 4,330,791.5, or 4.43% of the total monetary base, and the process was completed in just two and half years. The Ergo block interval is two minutes, and all tokens are mined through an ASIC-resistant PoW algorithm called Autolykos. It should also be noted that ERG had no ICO or pre-mining.
XDAG is a new-generation public chain based on a Directed Acyclic Graph (DAG) infrastructure. It is a mineable, pure community-driven DAG+POW project, with its mainnet launched in January 2018. XDAG has no project sponsor, no ICO, no private placement, and no pre-mining. Instead, the project is developed and maintained by geek enthusiasts from all over the world, aiming to become truly decentralized, efficient, secure, and fair. Although XDAG is a DAG project, its transaction model is similar to Bitcoin’s UTXO, and the project also resembles Bitcoin in terms of development.
The XDAG network can now interact with wallets running on Windows, Android, IOS & MAC, and Linux. XDAG, the native token of the project, features a total supply of 1.446294144 billion and is used to reward users.
Horizen is a secure interoperable blockchain ecosystem supported by a multi-tiered node infrastructure in the industry. Its sidechain platform focuses on scalable data privacy and enables businesses and developers to custom-build their own public or private blockchains using its unique sidechain technology Zendoo. ZEN, the native crypto of Horizen, offers an optional privacy feature that allows users to control their digital footprint.
ZEN offers two different types of addresses: 1) T-Addresses: regular addresses for making transactions similar to Bitcoin transactions; 2) Z-Addresses (or shielded addresses): transactions between z-addresses are completely private and anonymous. Horizon was born with the mission to ensure data integrity and privacy freedom by enabling real-world use cases with the most secure interoperable blockchain ecosystem. The team strives to decentralize the decision-making process for resource allocation and other substantive changes to the system.
What’s your favorite among the promising PoW coins listed on CoinEx? (Once again, we are here to provide information only, not financial advice.) On CoinEx, users can always go to the Market segment and view more coins under the PoW tag. Going forward, CoinEx will continue to provide users with more premium PoW coins. If you are a crypto investor, remember to follow the listing announcements on CoinEx’s official website and its SNS updates to check out the latest PoW coins available on the platform.
Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.