Peercoin (PPC) Cryptocurrency

1 Peercoin is currently worth 1.72 usd

1 Hour 0.23%  24 Hours -8.44%  7 Days -25.92%

Coin Rank: 168

Price in BTC: 0.00022361

24H Volume: $319,755.00

Market CAP: $42,322,607.00

Total Supply: 24,659,213

Available Supply: 24,659,213

Peercoin (PPC) Cryptocurrency About Peercoin
Start date: 23/09/2014

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.