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 10 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 10 Best Proof of Work Coins to Invest in 2022

Finding the best proof of work coins needn’t be a chore. We’ve outlined the 10 best proof of work crypto projects below, with detailed reviews of each available in the section that follows.

  • TamadogeOverall Best Proof of Work Cryptocurrency in 2022
  • Battle InfinityNew P2E Crypto Making a Big Splash
  • Lucky BlockBlockchain-Based NFT Competitions Platform
  • Bitcoin – The Original Proof of Work Coin
  • Litecoin – Forked Token for Transactions
  • Zcash – Privacy-Focused Cryptocurrency
  • Dogecoin – World-Famous Meme Coin
  • Ethereum – Largest Smart Contract Proof of Work Blockchain
  • Bitcoin Cash – Transactional Version of Bitcoin
  • Nervos Network – Open-Source Layer-1 Blockchain

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 10 contenders.

1. 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 has raised more than $10 million weeks ahead of schedule.

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. 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 utilizes the proof of work consensus mechanism of its parent network (Ethereum) to validate transactions. While this has the benefits of added security and decentralization, it has also paved the way for seamless centralized exchange (CEX) listings. With an already confirmed post-presale listing on LBank, it’ll be interesting to see which exchange next announces a TAMA listing.

tama presale 10.6 mil

With the Tamadoge presale selling out quickly and the price of TAMA slowly increasing as lots of 100 million tokens are sold, check out Tamadoge today in order to get in early on the next big PoW coin and lock in the best possible price. Join the Tamadoge Telegram to learn more and stay updated.

2. 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.

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.

ibat chart 02.09

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.

3. 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.

It has been announced that October on 3rd, the Lucky Block bridge will open, allowing V1 holders (BEP-2o LBLOCK) to exchange their tokens for V2 LBLOCK (ERC-based). This will do wonders for the Lucky Block ecosystem and will likely boost demand a fair bit.

LBLOCK chart 02.09

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.

4. 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 chart 02.09

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.

5. 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 chart 02.09

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.

6. 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.

zcash chart 02.09

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.

7. 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 chart 02.09

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.

8. Ethereum – Largest Smart Contract 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.

eth price chart 02.09

The primary draw to the Ethereum network is the ability to build dApps and Web3 projects using smart contracts. 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 uses a hybrid proof of work proof of stake mechanism, meaning ERC tokens are all technically proof of work coins at present.

With the amount of utility offered by the Ethereum network, it’s undeniably one of the best proof of work 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.

9. 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 chart 02.09

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.

10. 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 chart 02.09

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

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 

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. The reality is, that these 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: Register with an Exchange

Before an investor can buy TAMA from the presale, they first need to attain some Ethereum. Thankfully, this is an easy process as Ethereum can be purchased with ease from a regulated broker like eToro or directly from the Tamadoge website via Transak.

register etoro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

Step 2: Deposit and Buy ETH

If an investor would prefer to use eToro, they’ll need to add fiat to their account by pressing ‘Deposit Funds’, deciding how much to invest (it can be worth checking the price of TAMA before doing so), and confirming the deposit. A first-time deposit can tend to longer to appear, but it will appear. Then, in order to purchase Ethereum, simply type ‘ETH’ into the search bar, hit ‘Trade’, decide how much to buy, and press ‘Open Trade’.

Buy ETH

Step 3: Create MetaMask Wallet and Withdraw ETH

Next up, it’s necessary to create a crypto wallet. To do this, download the MetaMask browser extension or mobile app and go through the on-screen inunctions to complete the wallet creation process. Afterward, ensure the wallet is set to the Ethereum network and use the eToro Money Wallet to withdraw ETH from eToro to MetaMask.

metamask site

Step 4: Connect Wallet and Buy TAMA

As soon as the funds land in MetaMask, we’re ready to buy. Head to the Tamadoge presale website and press the ‘Connect Wallet’ button, then choose MetaMask and confirm the link from within MetaMask. Next, use the ‘Buy Tamadoge’ button to bring up the purchase menu, choose how much TAMA to buy (1000 minimum), and press ‘Convert ETH’. Once the Tamadoge presale has sold out, the tokens will be claimable.

buy TAMA

Conclusion

Throughout this guide, we’ve taken a look at 10 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 offered the most room for growth.

Utility-centric meme coin Tamadoge has been making waves recently. the project has raised almost $11 million in just a few weeks and could explode post-presale due to a planned stream of exchange listings. As the presale is quickly selling out, it’s worth checking out the project today via the link below.

Tamadoge - The Play to Earn Dogecoin

Our Rating

Tamadoge
  • '10x - 50x Potential' - CNBC Report
  • Deflationary, Low Supply - 2 Billion
  • Listed on OKX
  • Move to Earn, Metaverse Integration on Roadmap
  • NFT Doge Pets - Potential for Mass Adoption
Tamadoge

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Disclaimer

It is vital to always invest responsibly in awareness of all risks involved. Markets can be extremely volatile, so you should conduct extensive research before investing. Our site provides regular updates and diligently verifies all platforms it recommends, but you should form your own opinion and invest only what you can afford to lose. There is never any guarantee of a return on investment.