Different assets within the world of cryptocurrency are often divided by consensus mechanism (the way transactions are settled). As one of the most popular mechanisms, investing in the best proof of work coins can be an excellent strategy.

Throughout this guide, we’ll be reviewing 17 of the very best proof of work coins, explaining exactly what a proof of work (PoW) coin is, and discussing their merit as an investment. Let’s get to work.

Top 15 Best Proof of Work Coins to Invest in 2023

Finding the best proof of work coins needn’t be a chore. We’ve outlined the 17 best proof of work crypto projects below, with detailed reviews of each available in the section that follows.

  1. AiDoge – A new cryptocurrency ecosystem offering a meme-generating platform that leverages artificial intelligence. By holding $Ai tokens, users can post memes on a public community page and earn rewards by receiving upvotes. 
  2. Launchpad XYZ – This is a portal that gives users entry to a range of Web3 services, including presale listings, decentralized exchanges, NFTs, and fractionalized assets. With $LPX, users can get discounts on exchanges and trade tokens.
  3. EcoterraThis new cryptocurrency offers a sustainable ecosystem for recycling waste and offsetting carbon emissions. Complete ecological activities and get rewarded with tokens on this platform.
  4. DeeLance A freelancing platform leveraging blockchain technology to offer lower fees to freelancers and clients. Hold $DLANCE tokens to mint your works into NFTs and buy land on a metaverse environment.
  5. yPredictA cryptocurrency platform using AI elements to offer predictive models, data-driven insights, and passive income opportunities. The $YPRED token is priced at $0.05 during presale.
  6. Love Hate Inu – World’s first blockchain-based online voting platform. Hold $LHINU tokens to vote on online meme polls and earn free tokens. This crypto presale has raised over $10 million.
  7. Tamadoge – Meme cryptocurrency, which can be used on a virtual environment called the Tamaverse. Purchase pet NFTs and use your items to participate in P2E arcade modes to climb up leaderboards and win tokens.
  8. Battle Infinity – A P2E gaming environment offering multiple sports games. Hold $IBAT tokens to swap cryptos in a decentralized exchange, and earn passive income.
  9. Lucky Block – A blockchain-Based NFT Competitions Platform where users can win exciting rewards such as luxury cars and watches.
  10. Bitcoin – The first proof-of-work token and the largest cryptocurrency in the world. Boasting a total supply of 21 million, new BTC tokens are generated after miners solve complex mathematical equations.
  11. Litecoin –A forked version of Bitcoin that offers higher throughput and quicker transaction speeds.
  12. Zcash – A popular cryptocurrency platform that protects user’s identity by using in-built privacy tools.
  13. Dogecoin – A popular token that was created after a popular meme. This coin has become one of the largest cryptos in the world, and has been publicly backed by Elon Musk.
  14. Ethereum – A formerly Proof of Work Blockchain network, which is used by developers to create new decentralized applications, NFT marketplaces and more.
  15. Bitcoin Cash – A proof of work token that is a variant of Bitcoin, but acts as a transactional currency. This peer-to-peer network allows members to send funds to one another.
  16. Nervos Network –Open-source proof of work blockchain that allows applications from different networks to interact with each other.

Best Proof of Work Cryptocurrency to Buy Right Now Reviewed

In order to help investors make a better-informed decision on which proof of works cryptos are right for their portfolios, we’ve reviewed the top 14 contenders.

1. AiDoge – Top Alternative to Proof-of-Work Coins

AiDoge is an AI-integrated meme cryptocurrency platform. An alternative to proof-of-work (PoW) cryptocurrencies, AiDoge offers a token that can be staked within the ecosystem. $Ai, the native cryptocurrency, is used to purchase credits on the platform. 

AiDoge price

With the credits accumulated, one can access the AI-powered meme generator. After a user offers text-based prompts on the generator, the platform automatically inputs the data using AI tools such as Natural Language Processing. 

To gain more credits, platform members can stake $Ai tokens. Doing so gives AiDoge daily credit rewards proportional to the staked amount. Staking tokens allow users to access premium features such as advanced meme templates and platform enhancements. 

According to the AiDoge whitepaper, the ecosystem will look to release a public wall. This will be a community page where members can access all the memes and filter the posts according to their preferences. 

Later on, AiDoge will also add a voting mechanism through which users can upvote and downvote the memes on the public wall. The posts that receive the highest votes will be awarded $Ai tokens monthly. 

Since these are tokens that have not been released on any exchanges, there is potential for volatility. Therefore, when investing in presale tokens, one should properly analyze the project’s use cases and features. AiDoge employs multiple layers of protection and has audited its staking contracts to protect the user’s funds. 

While it is a meme-based platform, it combines elements of AI technology to offer unique use cases. While the presale has recently been launched, AiDoge has already raised more than $880K. The token is priced at $0.0000264 and will jump to $0.0000336 by the final round. 

The presale has allocated 500 billion tokens, which equates to 50% of the total supply. AiDoge aims to raise a hard cap of nearly $15 million through the presale. Join the AiDoge Telegram Group to learn more about the project. 

Hard Cap $14,900,000
Total Tokens 1 trillion
Tokens available in presale 500 billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase 100 tokens
Purchase with USDT, ETH, BNB, Card

2. Launchpad XYZ – Access Multiple Web3 Services through this Crypto Platform 

Launchpad XYZ Launchpad logowants to establish a simple gateway for experiencing a magnitude of Web3 services. One of the platform’s main offerings is a Web3 wallet, which can be set up using just a phone number or email address. 

On the wallet, one can swap tokens, interact with decentralized applications, and have self-custody of all their assets. Users can access multiple crypto pairs and enter perpetual contracts with Launchpad XYZ’s decentralized exchange. By holding $LPX, the native token, members can get discounts on trading fees. 

Launchpad XYZ price

Those who stake a monthly average of 10,000 $LPX tokens can get guaranteed access to the presales listed on Launchpad XYZ and access to whitelists of different NFT mints. The platform hosts different Web3 presale projects, enabling users to identify the top utility tokens that are coming up. The ecosystem also observes the current market trends and the past performance of different markets. 

$LPX can also be used to purchase fractionalized assets from the decentralized exchange. These are parts of real-world assets that offer historical value, such as cars, real estate, and art. Members can collect more statistical data on various cryptocurrencies through the Launchpad Quotient feature. 

Launchpad Web3

This feature uses over 400 data points, including moving averages, sentiment, and buying volume. Launchpad XYZ also uses an AI model to identify emerging patterns and alert users. $LPX tokens can be purchased through the ongoing presale rounds. 

Currently, the token is priced at $0.035. From a total supply of 1 billion, 250 million tokens have been allocated across 10 presale rounds. The price will jump to $0.07 per token by the final stage. Read the Launchpad XYZ whitepaper and join the Launchpad XYZ Telegram community to stay updated with all the new platform developments. 

To know more about this cryptocurrency, read our how to buy the $LPX token guide.

Hard Cap $12,500,000
Total Tokens 1 billion
Tokens available in presale 250 million
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase 100 tokens
Purchase with USDT, ETH, BNB, Card

3. Ecoterra – New Sustainable Cryptocurrency on Presale

Ecoterra Ecoterra logoallows companies and individuals to earn free tokens by completing sustainable deeds through its blockchain-based ecosystem. The native token, $ECOTERRA, is available to buy on presale for $0.007 per token right now. 

Presale investors can purchase the token at current levels before the price soars to $0.01 by the final round. But what will investors get from the $ECOTERRA token? Firstly, investors can stake the token on the ecosystem to generate passive income. 

ecoterra recycle to earn

Moreover, members can use their tokens to participate in ecological activities such as planting trees and ocean cleanups. By conducting these tasks, users are allotted achievements. After reaching certain achievements, you can convert these earnings into NFTs on the platform. 

Through Ecoterra’s Recycle2Earn application, one can earn $ECOTERRA for free. All you have to do is recycle waste using Reversed Vending Machines (RVMs). Scan the transaction on the EcoTerra app, and earn free tokens in your wallet. 

Members can also purchase Verified Carbon Credits (VCUs) from Ecoterra’s carbon offsetting marketplace. These Credits represent a certain number of Co2 emissions to be removed from the atmosphere. 

ecoterra ecosystem

Ecoterra provides each user with an Impact Score, which increases as you take more initiative in fighting against climate change. This is a way for companies to work on their circular economy and track their sustainability initiatives under the same roof. 

Businesses can also use $ECOTERRA to purchase recycled materials through the recycled materials marketplace. The team at Ecoterra has a lot of experience, having managed global supermarket chains such as Delhaize. 

Ecoterra has a total supply of 2 billion tokens. 800 million of the total supply has been allocated for the presale. Since the presale went live, Ecoterra has raised over $2.8 million. Read the Ecoterra whitepaper and join the Telegram group to stay updated with all the project’s developments. 

Presale Started March 29
Purchase Methods ETH, USDT, Card
Chain Ethereum
Min Purchase $10
Max Purchase N/A

4. DeeLance – Decentralized Freelancing Cryptocurrency Platform 

DeeLance aims deelance logoto revolutionize the freelancing industry by leveraging blockchain technology. This platform aims to offer lower fees compared to its competitors while offering more transparency by utilizing different crypto elements. 

DeeLance aims to connect clients and freelancers in its ecosystem through a metaverse environment. Land can be purchased on the metaverse via $DLANCE, the native cryptocurrency. One can also use $DLANCE to lease office spaces. 

deelance freelance

The two parties can engage in meetings and collaborate on projects through office spaces and meeting rooms. To ensure freelancers are paid, DeeLance uses escrow payment services. This guarantees payment to the freelancer once the work is completed. 

Freelancers can also mint their works into NFTs through the NFT marketplace. This removes any chances for copyright infringement and guarantees a safe transfer of ownership. The NFT marketplace will also host catalog events to allow members to purchase some of the most popular digital assets. 

One of the main components of DeeLance is the payment structure. One can use cryptocurrencies to make payments in the ecosystem. Furthermore, DeeLance offers lower fees compared to all the top freelancing agencies, such as Upwork and Fiverr. 

While Upwork takes a 20% commission from freelancers, DeeLance takes just a 10% cut. DeeLance also charges a 2% fee from clients, lower than Upwork’s 10% cut. Therefore, freelancers and clients may be keen on using this ecosystem for all its services.

deelance key features From a total supply of 1 billion, over 217 million tokens have been allocated for the ongoing $DLANCE presale. Currently, the token is priced at only $0.029 but will rise to $0.055 by the final round. 

Since the presale went live, DeeLance has raised over $580K. To learn more about the presale and the upcoming features, read the DeeLance whitepaper and join the Telegram group.

Presale Started March 30
Purchase Methods ETH, USDT, Card
Chain Ethereum
Min Purchase $10
Max Purchase N/A

5. yPredict – Analytics Platform offering Predictive Models about the Future of the Crypto Markets

yPredict logoBy holding $YPRED, the native token of yPredict, one can purchase monthly subscriptions to various predictive models through a financial marketplace. This analytics platform offers data-driven insights to analyze the future of various cryptocurrencies. 

The models on the financial marketplace are verified by members of the yPredict DAO (Decentralized Autonomous Organization), ensuring that members are provided with reliable information. 

yPredict home

The platform offers AI trading signals and technical analysis on hundreds of crypto tokens. By using Natural Language Processing (NLP), yPredict can conduct sentiment analysis on various digital assets. This allows one to get a better understanding of the buying sentiment of cryptocurrencies. 

Furthermore, yPredict offers a patent-pending chart recognition algorithm. This feature generates real-time pricing alerts and informs the traders on which tokens may show bearish or bullish momentum. 

While $YPRED is on presale and can be a volatile token in the future, it may be hard to predict the token’s trajectory. One way of identifying a token’s potential is by looking at the use cases. $YPRED can be staked on the ecosystem to generate passive income. 

10% of all new subscriptions generated on yPredict are allocated amongst token holders. Moreover, 15% of all swapping fees collected is also sent to the staking pool. Since yPredict charges a 7% selling tax on $YPRED, traders may be unlikely to buy and sell the token regularly, which could increase the volatility.

yPredict use cases

$YPRED has a total supply of 100 billion tokens. Currently, the token is priced at $0.05 on the presale. The price will rise to $0.12 by the final round. yPredict has raised over $486K since the presale started. 

Read the yyPredict whitepaper and join the telegram channel to stay updated with all the presale developments.

Presale Started Q1 2023
Purchase Methods MATIC, ETH, BNB, USDT, Card
Chain Polygon
Min Purchase 200 YPRED
Max Purchase N/A

6. Love Hate Inu – Vote-to-Earn Crypto

Love Hate Inu LogoOne of the top cryptocurrencies to invest in right now is Love Hate Inu ($LHINU) – a vote-to-earn crypto platform. A top alternative to proof-of-work cryptocurrencies, the Love Hate Inu ecosystem lets investors vote on meme polls and earn token rewards. 

Built on the Ethereum blockchain, Love Hate Inu is the first-ever online voting cryptocurrency platform. Moreover, the global online survey software market size is expected to grow at a compound annual growth rate (CAGR) of 14.6% until 2027. Claiming the first-mover advantage, Love Hate Inu’s online voting platform can increase in popularity because of the rewards it offers. 

Love Hate Inu Polls

Users need to stake $LHINU tokens to vote on these meme polls. After participating in the polls, users are rewarded with $LHINU tokens. According to the Love Hate Inu whitepaper, users will be able to host polls and take part in managing these polls as well. 

To ensure that the voting process is legit and non-fraudulent, Love Hate Inu will use real-time staking transmissions. Since the votes will be conducted with $LHINU, the voting process will remain anonymous. 

$LHINU has a maximum supply of 100 billion coins. As part of Love Hate Inu’s anti-rug-pull strategy, 90% of the token supply had been allocated for the presale. This way, the majority of the control stays with the community. This successful cryptocurrency has managed to reach the presale targets of more than $10 million. 

Join the Telegram channel to learn more about this project. 

Presale Started 8 March 2023
Purchase Methods ETH, USDT, Credit Card
Chain Ethereum
Hard Cap $10,068,750
Min Investment None
Max Investment None

7. Tamadoge – Overall Best Proof of Work Cryptocurrency

Tamadoge (TAMA) is a wildly popular new meme coin that is set to disrupt the status quo by injecting a plethora of utility into a sector otherwise largely devoid of intrinsic value.

This concept has proven to be a big hit with investors as Tamadoge sold out its presale in just eight weeks before pumping nearly 2,000 over its early presale price after listing.



One of the key features of Tamadoge is its play-to-earn (P2E) game – set in a Metaverse world named the Tamaverse, players can explore and interact with each other while taking care of 3D-animated NFT-based pets, based on 90s craze Tamagotchi.

Using items attainable from the in-game store, players can level up a pet to increase their leaderboard ranking, in order to receive a greater share of the rewards pool.

In addition to the aforementioned features, Tamadoge has a locked wallet that slowly releases funds over a 10-year period to further the project’s development.

There are already plans to release a series of tokenized arcade-style games (Q3 2023) as well as a mobile app with augmented reality functionality (Q4 2023), and with much in the works, it’ll be exciting to see what gets announced next.

As an ERC-20 token, TAMA previously utilized the proof of work consensus mechanism of its parent network (Ethereum) to validate transactions before Ethereum switched to proof of stake.

While this has the benefits of added security and decentralization, it has also paved the way for seamless centralized exchange (CEX) listings. W

TAMA is now listed on various exchanges with more in the pipeline – analysts are expected this huge-potential coin to pump once the crypto markets improve.

Join the Tamadoge Telegram to learn more and stay updated.

8. Battle Infinity – New P2E Crypto Making a Big Splash

Battle Infinity (IBAT) is a P2E gaming and decentralized finance (DeFi) ecosystem that has been attracting a lot of attention recently. The project takes elements from NFTs, the Metaverse, and other trending crypto subsectors in order to appeal to a wide audience of crypto enthusiasts.

As Battle Infinity packs a lot of utility into a relatively small package, it’s split into six platforms, each hosting a different core feature. There’s a fantasy sports platform initially dedicated to Cricket but soon expanding to other sports, a Metaverse arena featuring customizable avatars, a collection of player-vs-player P2E games, an NFT marketplace, a DEX, and a staking platform.

IBAT price

While the Battle Infinity presale has now sold out (raising 16,500 BNB 65-days ahead of schedule), the IBAT token has recently been released on PancakeSwap. Following this launch, IBAT shot up in value by over 400% from presale prices ($0.015). As IBAT features an adjustable tax on transactions, further exchange listings can be easily implemented, making IBAT perhaps the best new cryptocurrency on the market right now.

The IBAT token utilizes the BEP-20 standard in order to facilitate fast, low-cost transactions. The token can be used to purchase in-game items, earn staking rewards, and even purchase Metaverse advertising. While IBAT uses a hybrid proof-of-stake proof-of-authority consensus mechanism, it offers an equal amount of upside potential compared to our other top picks so it remains a worthy addition.

While not a proof of work blockchain in the same sense as our other picks, Battle Infinity has proven itself to be incredibly popular. As the project has clear plans to release key functionality over the coming, it seems likely that IBAT could perform extremely well. As such, it’s worth checking out Battle Infinity today and joining the IBAT Telegram to stay up-to-date with the latest developments.

9. Lucky Block – Blockchain-Based NFT Competitions Platform

lucky blockLucky Block (LBLOCK) is a platform dedicated to hosting NFT-based prize draws with huge jackpots. The platform is interwoven with blockchain technology in order to create a fair and efficient system that rewards its users.

The project hosts a wide range of competitions with prizes including $1 million in Bitcoin, a luxury house, and even a real-life Lamborghini. Each drawing can be entered using a beautifully designed and uniquely numbered NFT attainable from the leading marketplace NFT Launchpad.

Lucky Block adheres to an ‘everyone’s a winner’ ethos. As such, each NFT entitles the holder to a portion of the prize pool each day. This ensures that nobody gets left out and provides holders with long-term value.

lucky block website

In late July, LBLOCK eliminated the tax on transactions and began using the ERC standard in order to pave the way for listings on centralized exchanges. So far, LBLOCK has already been listed on MEXC and Gate.io with both events boosting the price of LBLOCK substantially. Even more listings are already planned, so it’s worth stocking up on tokens before the next big announcement.

LBLOCK price

All in all, Lucky Block is well deserving of its status as one of the best proof of work cryptos. It offers investors and users alike an immense amount of value and with further listings and upgrades on the horizon, there’s no better time to get involved with Lucky Block. Being one of the best cryptos to watch, it’s worth checking out the project today before new listings are announced.

10. Bitcoin – The Original Proof of Work Coin

Just about every crypto investor will have heard about Bitcoin (BTC), a decentralized transactional crypto commonly touted as being the best proof of work crypto on the planet. It was the project that spawned the crypto market and helped make it into the asset class we all love today.

BTC price

The primary purpose of Bitcoin is to act as a borderless, decentralized currency that can be easily sent around the world without the need for third-party intermediaries.  This goal was achieved through the creation of the blockchain, an immutable ledger that permanently records every transaction.

Being the largest and most well-known digital asset on the planet, Bitcoin is arguably the best cryptocurrency on the market. With that said, smaller cap projects like Tamadoge and Battle Infinity will typically still offer greater upside potential, so it’s advisable to create a balanced portfolio rather than investing in a singular asset.

Crypto assets are a highly volatile investment product. Your capital is at risk.

11. Litecoin – Forked Token for Transactions

Litecoin (LTC) is a popular altcoin and a forked version of Bitcoin. The project was created by Charlie Lee, an early crypto adopter as a more lightweight and user-friendly variant of Bitcoin. Released in late 2011, Litecoin is almost as old as Bitcoin and has long been a favorite among crypto investors.

LTC price

With Litecoin being a direct descendent of Bitcoin, it’s no surprise that the project quickly built up steam to become one of the most widely used cryptocurrencies on the market. As Litecoin benefits from a greater throughput, quicker transactions, and lower fees when compared to Bitcoin, it has become fairly widely accepted among crypto-friendly merchants.

Litecoin is one of the largest cryptocurrencies on the market and perhaps the project most closely related to Bitcoin. Even today, over 10 years after its release, new Bitcoin forks are still being created, proving the need for a more transaction-friendly variant of the popular cryptocurrency. Litecoin fills that gap and remains a solid pick for those looking for a Bitcoin alternative.

Crypto assets are a highly volatile investment product. Your capital is at risk.

12. Zcash – Privacy-Focused Cryptocurrency

Many people believe that cryptocurrency and privacy go hand in hand. And while it’s true to a degree, most fail to realize that all the information linked to a transaction using Bitcoin or a similar crypto can be easily looked up. As not everyone wants their personal information available on the web. Zcash (ZEC) aims to change the status quo by providing crypto enthusiasts with in-built privacy tools.

ZEC price

In order to provide investors with a way to transact without concerns regarding privacy, Zcash settles transactions on a public blockchain like a traditional crypto, but hides key information like sender/receiver address and the amount of funds being transferred. However, unlike competitor Monero, Zcash also offers the ability to reveal these details to allow for regularity compliance.

Like quite a few of the best proof of work coins, Zcash is a forked version of Bitcoin with additional features. It has become quite popular as a Monero alternative and is worthy of consideration for privacy-focused investors.

Crypto assets are a highly volatile investment product. Your capital is at risk.

13. Dogecoin – World-Famous Meme Coin

Next on our proof of work cryptocurrency list is Dogecoin (DOGE), a massively popular cryptocurrency that birthed the meme coin trend. Despite originally being created as a joke, thanks in no small part to Elon Musk, DOGE has become a transactional cryptocurrency that shouldn’t be overlooked.

DOGE price

As a fork of Litecoin, Dogecoin utilizes the proof of work consensus mechanism to validate transactions, however, Dogecoin’s version of the mechanism does vary in a few key ways. Firstly, As Dogecoin has just a 1 minute block time, transactions are settled much faster than other proof of work blockchains. Furthermore, as the token has an unlimited supply, it’s suited for use as a transactional token.

While Dogecoin may have been brought into the limelight thanks to Elon Musk, it’s now built up a loyal following and grown to be one of the most popular digital assets in the world. While it’s a solid project, competition meme coin Tamadoge does offer greater room for growth as it’s still in its presale stage.

Crypto assets are a highly volatile investment product. Your capital is at risk.

14. Ethereum – Largest Smart Contract Formerly Proof of Work Blockchain

As the second largest cryptocurrency on the planet and arguably the best altcoin, Ethereum needs no introduction. It birthed both smart contracts and the ERC standard, making Ethereum’s contribution to the industry incalculable.

The primary draw to the Ethereum network is the ability to build dApps and Web3 projects using smart contracts.

ETH price

This enables projects to be created far more quickly than would otherwise be possible and even comes with the added bonus of heavy decentralization and security.

Ethereum previously utilized proof of work before the Merge upgrade saw it switch to proof of stake, which increased its speed and scalability and made it 99.99% more energy efficient.

With the amount of utility offered by the Ethereum network, it’s undeniably one of the best coins on the market.

Like Bitcoin, Ethereum can be considered a blue-chip crypto and is worth considering as an addition to a balanced portfolio.

Crypto assets are a highly volatile investment product. Your capital is at risk.

15. Bitcoin Cash – Transactional Version of Bitcoin

Bitcoin Cash (BCH) is a variant of Bitcoin designed specifically as a transactional currency.

It utilizes a peer-to-peer network to allow users to transfer funds between one another and aims to become the de facto currency for global transactions.

BCH price

In order to work well as a transactional cryptocurrency, Bitcoin cash focused on reducing the time and cost required to send funds on the network. To achieve this, the project increased block size allowing more transactions to be settled simultaneously.

Bitcoin Cash is one of the best proof of work coins on the market and one of the largest cryptocurrencies overall. While there are quite a few Bitcoin forks designed for everyday transactions, Bitcoin Cash is one of the most popular and could perform well if it’s picked up by more establishments.

Crypto assets are a highly volatile investment product. Your capital is at risk.

16. Nervos Network – Open-Source Layer-1 Blockchain

Last on our proof of work cryptocurrency list is the Nervos Network (CKB), an open-source proof of work blockchain and ecosystem consisting of a huge range of protocols.

CKB price

As it stands today, applications created on different networks struggle to interact with each other. However, Nervos Network aims to change this by providing developers with a host of tools designed to facilitate the creation of universal apps. With interoperability being a large technology barrier to crypto, this could be huge for furthering the adoption of the asset class.

Overall, the Nervos Network is a massively interesting project and one of the best penny cryptos currently available. Few proof of work cryptocurrencies offer as much ingenuity as the Nervos network, so it’ll be exciting to see how many developers adopt the Nervos tool suite.

What is a Proof of Work Crypto?

While it can be rather difficult to decipher the meaning behind crypto-specific terminology, when explained clearly, we’re confident that anyone can understand exactly what a proof of work crypto is.

Firstly, it’s important to understand what a consensus mechanism is. A blockchain is essentially a ledger containing information. A consensus mechanism is a fault-tolerant system to validate that a transaction (information) is legitimate.

Proof of work is an example of a consensus mechanism. In order to ensure that transactions are valid, proof-of-work cryptos allow validators to use computational resources to solve puzzles in order to prevent a bad actor from sending false transactions.

The process of validating transactions using computing power is typically referred to as mining. After downloading the necessary software and a copy of the blockchain, an individual can use their computer to solve puzzles (thereby validating transactions) in order to receive crypto rewards.

Proof of Work vs Proof of Stake

Proof of work is a method where the blockchain requires members to confirm and verify the accuracy of new transactions added on the network. On the other hand, the Proof of stake consensus lets users stake tokens on the blockchain to verify transactions.

Two of the most common types of consensus mechanisms are proof of work and proof of stake (PoS). While both achieve a similar goal (securely validating transactions) the way this goal is achieved differs a fair bit.

While proof of work coins incentivize miners to validate transactions by solving complex puzzles, proof of stake coins select a random person staking a specific amount of tokens to ensure the transaction is legitimate.

Each type of consensus mechanism has its own benefits and drawbacks.  The main arguments for proof of stake over proof of work are superior throughput, lower fees, and less energy expenditure.

With this in mind, it might seem like a no-brainer that PoS is the better consensus mechanism, it has an incredibly high barrier to entry. Ethereum, for example, requires a validator to own 32 ETH. Therefore, even at today’s prices, it would take over $50,000 to become a validator whereas using a proof of work, all that’s required is a decent computer.

With proof of stake coins having such a comparatively higher barrier to entry, it can result in the network being solely governed by those with large capital reserves, something that cryptocurrency was initially trying to change. Only time will tell which consensus mechanism is proven to be better, so it’s worth understanding the benefits and detriments of both.

Are Proof of Work Coins a Good Investment?

As one of cryptocurrency’s main uses is as an investment vehicle, it makes sense that people would wonder whether the best proof of work coins make good investments. Below, we’ve summarized a few key points why proof of work projects can make excellent investments.


Decentralization is undeniably at the core of the crypto ethos and proof of work offers a greater level of decentralization than other consensus mechanisms. As crypto was designed to give power back to the people, it makes sense that a way of governing transactions with minimal barrier to entry would be popular.

Many crypto enthusiasts believe that proof of work blockchains are better for the average person than alternative consensus mechanisms and as buyer sentiment drives the market, proof of work coins can perform well.

Prestigious Roots

While cryptocurrency is a rapidly evolving industry, many of the largest and best-performing projects utilize proof of work. Bitcoin, Ethereum, and a large portion of the top 30 digital assets utilize the consensus mechanism. As the saying goes, ‘follow the money’, if the biggest and best projects utilize proof of work, it’s likely beneficial and as such, gives an investment a greater chance of paying off.

Tried and Tested

PoW has stood the test of time for more than 10 years. While new mechanisms are springing up constantly and promising phenomenal throughout and minuscule fees, few will actually enjoy mainstream adoption.

New mechanisms simply haven’t been tested as much as PoW which can lead to issues surrounding security and decentralization down the line. As such, PoW projects can make better long-term investments.

How to Buy Proof of Work Crypto

In order to make buying the best proof of work crypto a breeze, we’ve outlined the entire process below.

Step 1: Open a Cryptocurrency Wallet 

Investors can begin by downloading a cryptocurrency wallet that is compatible with ERC-20 tokens such as $Ai.

MetaMask wallet

For example, MetaMask is a popular crypto wallet which will allow you to connect with the AiDoge presale platform.

Step 2: Purchase ETH/BNB/USDT Tokens

$Ai can be bought with cryptocurrencies such as Ethereum, BNB, and USDT. Purchase one of these cryptocurrencies from a suitable cryptocurrency exchange and transfer them to your crypto wallet.

Step 3: Connect to the Ai Presale

Head over to the AiDoge presale website and click on ‘Connect Wallet’.

Choose your cryptocurrency wallet and then connect to the AiDoge presale with either ETH, BNB or USDT tokens. Complete the step after foll0wing the instructions that appear on the screen.

Step 4: Buy $Ai Tokens on Presale

After the wallet is connected, purchase $Ai tokens by selecting ‘Convert ETH/BNB/USDT’ and enter the amount of $Ai tokens you wish to receive.


Throughout this guide, we’ve taken a look at some of the best proof of work coins on the market, explained what a proof of work token is, and discussed how it stacks up to competing consensus mechanisms.

However, throughout our research, we determined that one particular asset – a proof of work alternative – offered the most room for growth.

Utility-centric meme-generating coin $Ai has been making waves recently. The cryptocurrency uses AI technology to generate memes and allow users to earn rewards. Currently priced at $0.0000264 on presale, $Ai will jump to $0.0000336 by the final round.

AiDoge (AI) - Meme Generation Platform

Our Rating

AiDoge crypto logo
  • Create & Share AI-Generated Memes
  • Newest Meme Coin in the AI Crypto Sector
  • Listed on MEXC, Uniswap
  • Token-Based Credit System
  • Stake $AI Tokens to Earn Daily Rewards
AiDoge crypto logo


What coins use proof of work?

Is Bitcoin the only proof of work coin?

Is Ethereum a proof of work coin?

Is XRP proof of work?

What is the best proof of work crypto?