The Proof-of-Work Renaissance is here!
A return to Bitcoin's PoW foundations.
Innovation brewing in Bitcoin Core & proliferation of PoW tools. Scalable PoW systems like @KaspaCurrency & @QuaiNetwork are gaining traction ๐
Part of a macro shift to "hard tech" - solving complex probs w/ advanced tech. Time to embrace the PoW revolution over PoS dogmatism!
Proof of the Proof-of-Work Renaissance
The Bitcoin ETFโs validation of both crypto as a legitimate asset class, and Proof-of-Work as a reliable security mechanism, has spurred a resurgence in attention paid to the recent innovations surrounding Proof-of-Work.
โ @KaspaCurrency has become a top 50 coin by market cap.
โ @babylon_chain has raised $18m+ from venture capitalists.
โ @HelloLumerin has raised $14m+ from a public sale.
โ @HacashMagazine jumped up to a $17m+ market cap after sitting under a $1m market cap as late as January 2024.
โ @QuaiNetwork has raised $10m+ from venture capitalists, and has one of the largest pre-launch Layer-1 communities.
โ @unergyio has installed upwards of 23,000 solar panels in 30+ cities.
โ @melproject_org just released the pre-alpha version of Earendil โ a communication and value transfer protocol that is resistant to ISP level censorship.
โ @1Ordinals are now a multi-billion dollar asset class.
What are other PoW projects we are forgetting?
@MHiesboeck The long-term prospects of #Bitcoin and POW cryptos will be determined through continued innovation, real-world use cases, and the evolutionary dynamics of free markets and open networks - not campaign-style narratives from any single camp.