Peercoin (PPC)

Previous Currency

Next Currency

Description

Alternately known as Peer-to-Peer Coin and and PPCoin, Peercoin is the third major digital currency to claim its spot in the industry. Though it's inevitably compared to Bitcoin, Peercoin has a couple features that set it apart. First, it implements the proof-of-stake mining protocol, which means the amount you have invested in the currency will have a bearing on the rewards earned for mining. This is used in tandem with proof-of-work mining, which is solely based on the data blocks processed. Proof-of-stake uses less energy and time than proof-of-work mining, which is of particular interest to individual miners. Additionally, Peercoin has no mintage cap, unlike other currencies; it's technically set at 2 billion coins, but that's for record-keeping purposes only. This allows for a smoother rate of value inflation, and a potentially unlimited supply of coins.

------
We do not endorse, represent or warrant the accuracy of this content or the reliability of any companies or organizations associated with the Cryptocurrencies listed on this website. For informational purposes only. Invest at your own risk. See our Terms and Conditions for more information.

History

Peercoin was introduced in August 2012 by developer Sunny King. From the beginning, they've highlighted the proof-of-stake mining methods and the absence of a mintage cap in order to avoid the dreaded label of being “just another Bitcoin clone.” Thus far, it has worked, with more investors taking interest in it at a steady pace, giving Peercoin a coveted spot in the top three currencies in this active and fluid field.