Peercoin (PPC) Cryptocurrency

1 Peercoin is currently worth 1.48 usd

1 Hour 0.36%  24 Hours -1.91%  7 Days 2.14%

Coin Rank: 192

Price in BTC: 0.00020085

24H Volume: $502,844.00

Market CAP: $36,817,585.00

Total Supply: 24,859,278

Available Supply: 24,859,278

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.