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PeerCoin (PPC) Ranked 239 in Coin Market Daddy Currencies Index. PeerCoin (PPC) price is $0.222225. It has a current circulating supply of 25,745,963 PPC and a Marketcap of $5.72M. Today PeerCoin price is up (0.07%). $69.31K worth of PeerCoin (PPC) has been traded in the past 24 hours. PeerCoin (PPC) currency type is coin (mineable). PPC trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update PeerCoin (PPC) and contribute to CMD Cryptocurrency Encyclopedia.
A peer-to-peer crypto-currency design derived from Satoshi Nakamoto's Bitcoin. Proof-of-Stake replaces Proof-of-Work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run. Security level of the network is not highly enery dependent thus providing an energy efficient and more cost-competitive peer-to-peer crypto-currency. Proof-of-Stake is based on coin age and generated by each node via a hashing scheme bearing similarity to Bitcoins but over limited search space. Block chain history and transaction settlement are further protected by a centrally broadcasted checkpoint mechanism.
Peercoin (PPC) is a peer-to-peer cryptocurrency utilising both proof-of-stake and proof-of-work systems. What makes Peercoin unique is that it was the first cryptocurrency to implement this hybrid system; and it was done for good reason: proof of work systems like that found in Bitcoin require a hug...