PeerCoin (PPC)

http://peercoin.net/
$ 0.5475
$ 0.011 (2.09%)

SUPPLY:   PPC 25,088,524.7
MARKET CAP.:   $ 13.73 M



Description:

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.




COIN SPECIFICATIONS
  • Total Supply: N/A
  • Algorithm: N/A
  • Proof Type: N/A
  • Start Date: 23/09/2014

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