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Peercoin($PPC)
$0.543792
Low $0.5154
High $0.532369
What is Peercoin?
The Peercoin network activated in 2012 and is one of the first cryptocurrencies to ever be released. It is responsible for inventing proof-of-stake consensus, which makes it the first efficient and sustainable public blockchain technology. ...
The Peercoin network activated in 2012 and is one of the first cryptocurrencies to ever be released. It is responsible for inventing proof-of-stake consensus, which makes it the first efficient and sustainable public blockchain technology. Peercoin was inspired by bitcoin, and it shares much of the source code and technical implementation of bitcoin. The Peercoin source code is distributed under the MIT/X11 software license. Unlike bitcoin, Namecoin, and Litecoin, Peercoin does not have a hard limit on the number of possible coins, but is designed to eventually attain an annual inflation rate of 1%. There is a deflationary aspect to Peercoin as the transaction fee of 0.01 PPC/kb paid to the network is destroyed. This feature, along with increased energy efficiency, aim to allow for greater long-term scalability.
With the same cryptographic hash function as Bitcoin (SHA-256), Peercoin is 100 times more energy efficient. Transactions in the Peercoin network are faster and cheaper. If there were not fierce competition on the cryptocurrency market, Peercoin would probably have long since become one of the most important cryptocurrencies. But in 2014 and 2015, however, there were many other interesting innovations in the cryptocurrency market that outperformed peercoin in a number of important properties. In contrast to DASH, Peercoin could not offer anonymity and the transactions in Dogecoin were even faster and cheaper than those of Peercoin. PoS technology ceased to be an advantage of peercoin and PoS continued to spread to other cryptocurrencies. The interest of the users drew it to the side of the minings on the CPUs and GPUs, then to the side of the Smart Contracts and PPC began to get a little forgotten.
The Peercoin Team believes that adapting blockchains for wide scale use only through on-chain transactions will negatively affect the decentralization level and security of the network over time, therefore we choose to develop the Peercoin blockchain as a base layer settlement network with a sole focus on securing all forms of value recorded into the chain. This can be accomplished through Peercoin's philosophy of preserving and maximizing decentralization (which increases security) by developing the majority of features and technologies on top of the blockchain, rather than directly into the blockchain protocol itself.
Thus the Peercoin Team focuses on developing second layer protocols and sub-networks that can interact with the base layer blockchain to adapt it for wide scale use and improve functionality such as tokens, smart contracts and high speed low cost transaction processing. In this way, Peercoin will act as a secure and censorship resistant base layer for the future blockchain connected world.
Issuance Blockchain
Ethereum
Tags
Funds
Influencers
CoinScouts Grade
Market Statistics
Volume
$3,123.00
Market Cap
$15,287,910.00
Fully Diluted
$14,813,636.36
Market cap Value
0.02 %
Circulating Supply
28,080,139
Max Supply
∞
Total Supply
27,241,365
% of Total Supply
103.08%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
Peercoin Statistics
Name
PeercoinTicker
PPCPrice
$0.54379224 Hour Trading Volume
$3,123.0024 Hour Volume Change
75.36%Market cap
$15,287,910.0024 Hour Market Cap Change
-0.01%Fully Diluted Market Cap
$14,813,636.36Price change 24 hour
-2.72%Price change 7 days
-0.01%Price change 14 days
12.79%Price change 30 days
1.43%All Time Low/High
$0.0000000281 | $9.45Percentage Change Since All Time High
-94.39%Percentage Change Since All Time Low
1,883,637,353.21%Market cap rank
#847Volume / Market Cap
0.00020Issuance Blockchain
EthereumCirculating Supply
28,080,139 (103.08%)Max Supply
∞Total Supply
27,241,36524h Volatility
$0.14Twitter Followers
34,392Telegram Users
3,290Reddit Subscribers
7,049Github subs
n/aGithub issues
n/aPeercoin Markets
Upcoming Peercoin Events
Peercoin - V0.12 Hard Fork
Apr 17, 2023, 12:00:00 AM
"A hard fork will occur once the following conditions are met... 12:00 UTC has passed. 90% of the last 1,000 blocks are from a v0.12 wallet"
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No similar projects for Peercoin known.
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Peercoin News
These Top 5 Cryptocurrencies May Die Soon; Are You A Holder?
The ongoing crypto winter and crisis have hit the market hard. Everyone seems to be dumping high-risk assets and consolidating their portfolios to include only the best coins or tokens....Read full story
y Coingape
Last updated 4 months ago
Bearish
These Top 5 Cryptocurrencies May Die Soon; Are You A Holder?
The ongoing crypto winter and crisis have hit the market hard. Everyone seems to be dumping high-risk assets and consolidating their portfolios to include only the best coins or tokens.... Read full story
By Coingape | Last updated 4 months ago |
Bearish