Peercoin-PPC

$1.25
$0.0777 +6.62%
$1.27
24H High
$1.14
24H Low
$30316.16
24H Vol

Base Info

  • Max Supply
    25111070 PPC
  • Total Supply
    25111070 PPC
  • Circulating Supply
    25111070 PPC
  • MarketCap
    $3140.89M

Peercoin-PPC Introduction

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.