10 Best Proof of Work Coins in 2022

While energy concerns have steered many investors towards proof of stake tokens, a large section of investors, the old guard of crypto, still considers proof of work cryptocurrencies to be unparalleled. The best proof of work coins have a great reputation owing to their roots. And since many green mining initiatives have emerged, PoW tokens are still viable investors for serious cryptocurrency investors. 

This guide details the best proof of work coins to buy this year. It also covers why PoW crypto assets still are great investments and how to buy proof of work cryptos easily. 

Top 10 Best Proof of Work Coins to Buy in 2022

Best Proof of Work Cryptos of 2022 – Complete Review

Not all proof of work cryptos are the same. Some are only good for trading, and others have evolved beyond it to provide great utilities. This section covers both types of assets – highlighting their strengths and deciphering the crypto community’s interest in them.

Dash 2 Trade: Popular PoW Crypto Leading the Presales in 2022

Dash 2 Trade is the potentially the best crypto to buy now – created on the Ethereum blockchain and undergoing the early stages of its presale now, Dash 2 Trade is one of the most unique utility cryptos and on sale at a discount.

At the core of Dash 2 Trade is a utility that the entire crypto community has asked for, for a long time: an analytics and research tool to invest wisely in cryptocurrencies. 

Created by the developers of Learn 2 Trade, Dash 2 Trade has a host of facilities to help ordinary investors. This “Bloomberg terminal of crypto” gives ordinary investors access to utilities that were once only accessible to large-scale investors by including features such as presale cryptocurrency assessment and social analytics. Other facilities on this platform include Risk Profiler, Strategy builder and backtesting, auto trading bots, and independent technical indicators, to name a few. 

While the presence of these tools isn’t novel, how a user can access them is. Dash 2 Trade follows a crypto-based subscription model. To access these tools, users have to pay using DT2, the native cryptocurrency of the platform. Subscription costs range from 400 D2T for a starter package to 1000 D2T for a premium package. 

Due to this unique approach to subscription, D2T quickly engendered trust among the larger crypto community, leading it to become one of the best presale cryptos of this year. So far, Dash 2 Trade has raised upwards of $5.4 million and is currently in the third stage of its presale. 

Another reason behind the crowd’s bullish sentiment toward this proof of work coin is the absence of a crypto tax – as the devs have complete faith that Dash 2 Trade’s ecosystem is powerful enough to generate wealth for everyone. Such positive signs have led our experts to believe D2T can grow by 50x by 2025; you can read more about it in our Dash 2 Trade price prediction article.

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IMPT: A Green Proof of Work Coin for Inclusive Carbon Credits Trading

Bitcoin’s large-scale energy consumption has increased the demand for cryptocurrencies that are greener and more sustainable — IMPT ticks all these check marks. It is a green proof of work crypto that powers a unique carbon offsetting program. 

Carbon credits trading has always been accessible to large conglomerates, leading to corruption led by fraudulent acts such as double selling. IMPT aims to make trading carbon credits more inclusive and transparent. 

At the heart of the IMPT ecosystem lies a marketplace with over 25,000 affiliate brands, including Samsung, Booking.com, Amazon, and Microsoft, to name a few. These brands will use the IMPT application to sell their products, with a portion of proceeds generated from each sale going into the development and promotion of ESG practices. 

Buyers will interact with these brands using the same app and earn IMPT tokens for each purchase. These tokens can then be swapped for tokenized carbon credits that can be put back on the marketplace to be sold to affiliate brands. This bi-directional approach of offsetting carbon benefit is IMPT’s way of making eco-friendly decisions part of a consumer’s daily life. Buyers who instead choose to retire their carbon credits get rewarded with NFT artworks. IMPT is another presale success story this year, having raised more than $12.3 million in stage 2. This token is, therefore, perfect for those wanting to move in early on a crypto asset with great environmental benefits. 

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Calvaria: A Play-2-Earn Coin

2022 has seen a flood of play-to-earn cryptocurrencies, each with its own unique way of implementing gaming and earning mechanics. However, Calvaria is cut from a different cloth altogether – being a P2E game that is not only open to crypto investors but also to non-crypto gamers. 

Calvaria is a battle-card game that, like hearthstone, features cards with different abilities that players can own and use for battle against the computer or other players. However, unlike Axie Infinity, which requires players to shell out somewhere around 100 bucks before they can start playing, Calvaria is open to all. Non-crypto gamers who want to assess the game based on its gameplay merits can play Calvaria on their PCs and mobiles for free. 

Crypto gamers, on the other hand, will get access to the platform’s underlying tokenomics and NFT mechanics – like getting true ownership of the cards as NFTs and customizing them through in-game assets purchasable from the marketplace. 

Calvaria is powered by the in-game cryptocurrency, $RIA, that players can use to swap for NFTs or stake on gamified staking pools to earn rewards. RIA is also used as the platform’s governance token – allowing stakers to participate in the project’s DAO (Decentralized Autonomous Organization). 

Like the previous two proof of work coins in the list, Calvaria is also undergoing presale and has raised more than 1.5 million USDT so far. It is one of the few crypto assets that can steer non-crypto gamers to look at blockchain gaming. By leveraging its game-centric approach, Calvaria can very well grow up 60X in the next two years or so – read more about it in our Calvaria price prediction. 

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Tamadoge: The P2E Memecoin of 2022

Tamadoge is one of the most innovative cryptos of 2022. Sporting doge aesthetics with a great utility underneath, Tamadoge has challenged the preconceived notions about memecoins – an asset class that, for so long, didn’t contain anything other than joke cryptocurrencies. 

By leveraging its dogelike aesthetics, this “play-to-earn Dogecoin” cleared its presale stage months ahead of schedule, surpassing Ethereum’s ICO. 

Tamadoge features Tamadoge Pets, NFTs living inside the Tamaverse that players can own, raise, and use for battle within the PvE ecosystem. Winning battles rewards players with doge points that they can swap for TAMA tokens provided they have accumulated the highest number of points by a month’s end. In addition to owning and raising their Tamadoge players, players can also use in-game assets to customize them. 

Tamadoge’s developer’s end goal is to create an AR game featuring 3D Tamadoge pets that players can interact with in AR (Augmented Reality). For now, the devs aim to release a series of arcade-style NFT games featuring these pets. Long-term plans also include putting Tamdoge pets in existing metaverses. The developers have already taken a step towards it by dropping the entire Tamadoge NFTs on Opensea. 

Tamadoge is an ERC–20 token, following a proof of work consensus mechanism similar to pre-merge Ethereum. The platform has placed multiple security measures to protect users’ assets and has been audited by CoinSniper and Solid Proof. 

This P2E memecoin is available for purchase in multiple exchanges, including OKX, LBank, and Uniswap. Devs have recently confirmed that Tamadoge will also be listed on Gate.io. 

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Battle Infinity: A Metaverse Cryptocurrency of 2022

Battle Infinity is a cryptocurrency that brings P2E and DeFi concepts together under one roof. One of the unique crypto offerings of 2022, Battle Infinity features NFTs, DeFi staking pools, Swapping, and Metaverse on one platform.

Battle Infinity’s ecosystem is divided into six parts. The first three belong to the GameFi category: 

Battle games
Battle Arena
Battle Marketplace

With Battle Games, players get a large collection of graphically-intensive games powered by the Unreal Engine. Battle arena is the place for players to customize their avatars using the assets they buy from the Battle Marketplace. 

The next two elements of Battle Infinity are part of the DeFi ecosystem:

Battle Stake
Battle Swap 

Battle Staking is the released component of Battle Infinity in which players can deposit and lock their IBAT tokens and earn regular rewards. These include high APYs and other benefits to interacting with Battle Infinity’s ecosystem. 

The fifth component is Battle Swap, a decentralized exchange that will work as a bank entity on Battle Infinity. It will allow players to get hold of their iBAT winnings or switch it for other crypto assets. All the elements of Battle infinity – arena, games, and marketplace – will be integrated with the Battle swap. 

The final and most marketed element of Battle Infinity is the IBAT Premier league. It is the world’s first NFT-based fantasy sports game integrated with the Metaverse – allowing users to put their team together strategically and battle other players across the globe. 

IBAT, the native crypto of the Battle Infinity, is the BEP-20 token that uses a hybrid proof-of-stake-proof-of-authority mechanism. We have added it to the list of best PoW tokens because of its similar upsides to others we have discussed in the list. 

To buy IBAT, you can head over to exchanges such as LBank and PancakeSwap. But as the tokens’ potential grows, they will likely land on other cryptocurrency exchanges. 

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Bitcoin: The Original PoW Cryptocurrency that still leads the crypto Charts

For true crypto investors, no cryptocurrency comes to a crypto asset that started it all – Bitcoin. This cryptocurrency is the progenitor of the entire crypto market and gave us the concept of decentralized finance as we know it today. 

Bitcoin was envisioned as a decentralized currency unencumbered by the legal complications of traditional banking institutions and could be sent around the world without a middleman. It achieved it by conceptualizing blockchain, an immutable ledger composed of blocks that hold the details of every transaction. 

Bitcoin is the original and the biggest proof of work cryptocurrency holding the majority of the market capitalization of the crypto market at more than $400 billion. While the crypto winter has bought the Bitcoin price down by more than 60% of its all-time high, the majority of investors continue to stay bullish about this asset since its price dictates the direction of all altcoins in the market. 

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Dogecoin; The Original PoW memecoin and the biggest memecoin by market cap

Dogecoin is the memecoin – the one that started the trend of joke cryptocurrencies and then turned them mainstream. Reaching voluminous highs and tumultuous lows, due to the words of the “dogecoin-patron” – Elon Musk – Dogecoin is one of the most volatile cryptocurrencies active. 

Like Bitcoin, Dogecoin also uses the proof of work consensus mechanism to validate transactions, the difference being that Dogecoin doesn’t take 1 minute to validate one block, whereas Bitcoin takes 10 minutes. 

After staying below $0.1 for a long time due to the bear market, Dogecoin has pumped above the $0.1 mark, wicking above $0.15 at some points. It is partially because of Elon Musk’s takeover of Twitter. With such speculative growth drivers, Dogecoin is a suitable proof of work coin for investors who are okay with the fact that DOGE has no discernible utility. 

That said, Dogecoin might be taking a utility route as the Dogecoin board of advisors is working to hire a specialized team to work on this meme coin. It might introduce some interesting use cases to the project – making it a worthy investment for those looking to put their money into utility-based crypto. 

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Litecoin: A Mineable Coin and a P2P System

Litecoin is the world’s first altcoin, created as a fork of the original Bitcoin. Designed as a lightweight version of Bitcoin, Litecoin has been a favorite of crypto investors who want to trade in crypto assets frugally. 

In addition to marketing upon the fact that it has descended from Bitcoin, Litecoin also has many features working in its features, ranging from faster transaction speeds, lower transaction fees, and higher throughput. These factors have made Litecoin readily acceptable to merchants who were wary of Bitcoin. 

However, the original idea behind the conception of Litecoin was the fear that Bitcoin was too centrally controlled, with BTC’s enormous minting cost allowing enterprise miners to take over the profits. 

While the developers were still unsuccessful at stopping enterprise miners from establishing hegemony over the mining process, Litecoin has evolved into a peer-to-peer payment system to become more inclusive. 

At the time of writing, Litecoin ranks as the third biggest proof of work token by market capitalization and has jumped by nearly 23% since the beginning of November 2022 – indicating that the broader crypto market continues to remain bullish about this crypto asset. 

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Ethereum Classic: The Forked Ethereum

When Ethereum launched its official mainnet in 2015, it suffered a major theft from its DAO. The Ethereum foundation quickly stepped in to create a new version that erased the record of that theft. As a result, the original Ethereum blockchain was split into two variants: One is the Ethereum that has recently gone through the merge upgrade, and the other is the Ethereum Classic, which maintains the old history of Ethereum. 

Bearing the ticker symbol ETC, Ethereum Classic follows the principle of “Code is Law” and, according to the official website, has the ability to resist censorship to create unstoppable applications.

Ethereum Classic remained largely under the radar in the earlier months of 2022. However, as the merge upgrade got closer and the Ethereum miners became nervous, the ETC ecosystem saw an influx of new miners. The reason? Many companies said they wouldn’t support Ethereum POW, the new proof of work fork of the Ethereum blockchain. 

For seasoned investors, Ethereum classic has become the next best proof of coin to mine after Bitcoin. While its value is far lower than post-merge Ethereum, most investors on CoinMarketCap have marked their sentiments about this crypto as bullish.

Readers interested in mining may also want to check out our review of Copium Protocol.

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Bitcoin Cash: A Crypto hard Forked from Bitcoin’s Blockchain

Bitcoin Cash is a peer-to-peer electronic cash system that aims to bring sound – transactional, valuable, and secure – money into the world. It boasts fast transaction speeds and a reliable network that, according to the official website, runs without congestion, low transaction fees, stability, simplicity, and security. 

Calling itself the best money in the world, Bitcoin Cash has the same supply as the original Bitcoin (21 million). Along with offering more privacy and anonymity than traditional payment systems like credit card payments and bank transfers, Bitcoin Cash also sports SmartBCH, a high-performance EVM and Web 3 compatible sidechain to support DeFi applications. The most prominent among those applications are CashFusion and Cashshuffle. 

Bitcoin Cash ranks sixth in the world’s top proof of work coins by market capitalization, with a market cap of $2.275 billion. While the token’s performance has been in the bearish zone due to the 2022 crypto winter, Bitcoin Cash has continued to stay above $100 for now – making it one of the most stable cryptocurrencies right now. 

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What is Proof of Work Crypto?

A proof of work crypto is a cryptocurrency that operates on the proof of work consensus mechanism. 

Within cryptocurrency, a consensus mechanism is a fault-tolerant system that validates the transaction added to the immutable ledger known as the blockchain. 

With proof of work, such validations are done using heavy computational resources. Since proof of work cryptos are rewarded for performing the validations, the process is also called mining. To become a miner, a person or an institution has to have enough resources to perform these heavy computational tasks. If the person or the organization has access to such resources, they download the required software to become validators.

Proof of Work vs. Proof of Stake

Proof of work and proof of stake is the most prominent consensus mechanisms in the blockchain ecosystem, with both having strengths and weaknesses. 

Proof of stake was born in response to the proof of work mechanism’s high energy expenditure, lower throughput, and higher fees. 

So, picking up the best proof of stake cryptocurrencies is a no-brainer for an environmentally conscious crypto investor. However, becoming a validator for a proof of stake blockchain can be immensely expensive. For instance, becoming a validator for the post-merge Ethereum requires the validator to have at least 32 ETH. 

However, becoming a miner requires nothing more than having a decent system – and even that doesn’t have to be outlandish. 

For instance, the minimum recommended system requirement to become a Bitcoin miner is 250 GB of disk page, 500 mb//day download speed, 5GB/day upload speed, 1 GB RAM, and an operating system. That said, to become a miner that can earn Bitcoin quickly, a validator needs to create a far more proficient system. 

Also, energy concerns are steering the world towards proof of stake cryptocurrencies, which has led many miners to take a greener approach to mining crypto. The impact of such initiatives is yet to be seen.

Why Choose Proof of Work Coins?

In the current environmentally-conscious scenario, one needs to dig deeper to understand why there is a need for proof of work cryptocurrencies. Here are some reasons people remain bullish about proof of work crypto.

High Level of Security

Proof of work sports superior security where users are deterred from cheating the systems since every single transaction is verified. 

The proof of work system is completely trustless, relying on all the transactions to be verified by the network participants. As a proof of network grows with time, the computations become more complex, and the network more difficult – which results in the blockchain becoming more difficult to hack. It is because there are cost ramifications to hacking a proof of work blockchain system – a hacker needs high-level computational equipment to solve the transactions – which can outweigh the gains to be made by hacking a system. 

Decentralization in the Proof of Work Consensus Mechanism is Greater

Blockchains working on the proof of work consensus mechanisms have been proven to be more decentralized than the rest. And since there are no cost requirements for mining other than buying and maintaining the equipment and energy charges, the profits tend to outweigh the spending. 

Proof of Work is the primary reason countries like Argentina – which has always exercised strict control over foreign currencies – became one of the first to adopt Bitcoin.

Proof of Work Cryptos have a Strong Foundation

Even if the crypto market is changing rapidly and evolving every day, most crypto enthusiasts trust cryptos that came before. Since cryptocurrencies are speculative assets, investors find solace in investing in cryptos that have already proven their mettle in the crypto space and the best proof of work coins, have. They still maintain the highest positions in crypto rankings, with Bitcoin at first. 

How to Buy Proof of Work Crypto?

If you’re looking to make appreciation gains by investing in a proof of work, here are the steps to follow:

Step 1: Download a Cryptocurrency Wallet

Download a cryptocurrency wallet. Since the best PoW crypto to buy right now is D2T, investors must download an Ethereum wallet, such as MetaMask or Trust Wallet.

Step 2: Purchase ETH/USDT Tokens

Since Dash 2 Trade has to be swapped for ETH or USDT, investors must buy one of these cryptos from a centralized or decentralized exchange.

Step 3: Connect to the Presale

Visit Dash2trade.com, and connect the crypto wallet of your choice to participate in the presale – we recommend MetaMask for desktop and Trust Wallet for mobile.

Step 4: Buy the Best PoW Coin

Follow the on-screen instruction to complete the process. Once purchased, Dash 2 Trade will become available for a claim during the token generation event. 

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Conclusion

Proof of work coins may have drawn criticism from many, but the fact remains that the general crypto crowd continues to remain bullish about them. Bitcoin has started to show early signs of stability – but utility-based Dash 2 Trade is a better investment for those looking for penny cryptos to invest in. 

It is a cryptocurrency that features a presale ladder, allowing early movers to make a profit just as the token enters the next phase of the presale. Initially given out at $0.0476 in a private sale, Dash 2 Trade has continued to clear the latter presale stages. Those wishing to earn appreciating profits should join right now before D2T lands on a cryptocurrency exchange – it’s listing on LBank has now been confirmed, which will add a trading volume boost.

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