Ethereum Mining isn’t at its best, and as if this wasn’t enough, new cryptocurrencies will hit the market this year, further complicating the use of Ethereum.
this is Ethereum It is no longer a useful coin to mine, but a precursor to the update of the Proof of Stake Protocol. Ethereum 2.0. For this reason, we offer you various alternatives to Ethereum.
Philo (Zcoin)
The first option to name is Firo, well known as Zcoin. This cipher is derived from the Zerocoin protocol and has its own blockchain. The name of this project is very similar to Zcash and shares some aspects, but is different. Zcash is based on the Zerocash protocol and is a hard fork of Bitcoin. For this reason, the creator decided to change the name to Philo.
Firo’s mission is to provide services that promote marketing and personal financial freedom at the time of transactions, as long as they are legitimate and do not harm others. Its purpose is to provide this type of service without leaving the greatest possible anonymity, in addition to transparency.
Ergo (ERG)
This is a very interesting project founded by one of the most famous blockchain engineers by Cardano co-founder Charles Hoskinson. Ergo has its own blockchain, a native governance token called Ergo (ERG), as well as its own language for programming smart contracts.
The mission of this project is to revolutionize blockchain technology in terms of financial contracts using smart contracts. The smart contract programming language, created by the founders of Ergo, offers many advantages not found in chains like Bitcoin. With these smart contracts, you can learn more about who can use cryptocurrencies, for what purposes, and how.
Raven Coin (RVN)
Of all of Ethereum’s previous options, we believe it likes to be an alternative to Ethereum from a mining point of view. Ravencoin (RVN) is a Bitcoin hard fork designed to be the blockchain used in certain cases. Its purpose is to facilitate the exchange of money between two pairs.
This project started in 2018 and has some differences from the Bitcoin protocol. RVN has a Proof of Work protocol, but over time the mining algorithm has changed from “X16R” to “KawPow”. This has the advantage that you don’t have to mine this cipher with an ASIC, but it’s already possible with boards with 4GB or more of RAM.
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