Peercoin
Proof-of-work | |
| Hash function | SHA-256 |
|---|---|
| Block reward | Variable; depends on network difficulty |
| Block time | 10 minutes |
| Circulating supply | 27.5M PPC (6 April 2022) |
| Supply limit | Unlimited |
| Valuation | |
| Exchange rate | US$0.67 (6 April 2022) |
| Website | |
| Website | www |
Peercoin, also known as Peer-to-Peer Coin, PP Coin, or PPC, is a
History
Peercoin is based on an August 2012
The Peercoin source code is distributed under the
Economics
Peercoin uses both the proof-of-work and proof-of-stake algorithms.[6] Both are used to spread the distribution of new coins. During its primary years, Peercoin relied heavily on PoW, although there has now been a transition to PoS.[7] Proof-of-stake is used to secure the network: The chain with longest PoS coin age wins in case of a blockchain split-up.
A transaction fee prevents spam and is burned (instead of being collected by a miner), benefiting the overall network.[8]
To recover from lost coins and to discourage hoarding, the currency supply targets growth at 1% per year in the long run.[9]
References
- ^ "Wary of Bitcoin? A guide to some other cryptocurrencies". Arstechnica. 2013-05-11.
- .
- ^ Daly, Lyle. "Peercoin: Defined and Explained". The Motley Fool. Retrieved 2023-12-25.
- ^ Popper, Nathaniel (24 November 2013). "In Bitcoin's orbit: Rival virtual currencies vie for acceptance". The New York Times. Retrieved 25 February 2014.
- ISSN 0893-9454.
- ^ Frankenfield, Jake. "Peercoin Definition". Investopedia. Retrieved 30 April 2023.
- ^ Daly, Lyle. "What is Peercoin?". The Motley Fool. Retrieved 30 April 2023.
- ^ Nagalim (14 March 2021). "A Smarter Fee". Peercoin. Retrieved 30 April 2023.
- ^ Daly, Lyle. "What is Peercoin?". The Motley Fool. Retrieved 30 April 2023.
External links
- Official website
Media related to PPCoin at Wikimedia Commons
