Peercoin

PPC
1.77 % (24hr)

$ 0.5892261826

❝ Peercoin is a peer to peer cryptocurrency which uses both POW and POS ❞
Market Cap

$ 14.78M

Current Supply

$ 25.09M

Max Supply

$ NA

24hr Volume

209.9K

Proof

POS

website

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Peercoin is a peer to peer cryptocurrency  built on proof of stake. Peercoin is  built on basis of  a whitepaper Scot Nadal and Sunny King ( which is a pseudonym). Peercoin is based on bitcoin source code. Some of the key differences between bitcoin and Peercoin are summarized below

Key Differences between Bitcoin and Peercoin

1. Peercoin does not have a hard limit on number of coins but the production slowly slows down until it reaches an annual inflation of 1 %

2. Peercoin uses hybrid POW and POS system 

3. Peercoin uses the same SHA256 algorithm for POW as bitcoin but coins can also be produced by POS