Presentation and definition of the crypto-currency Peercoin (PPC)
- Name of the crypto-currencies : Peercoin
- Abbreviation : PPC
- Where to buy Peercoin ? Binance
- Date of creation : August 2012
- White paper of Peercoin
- Website of Peercoin
Presentation of the network Peercoin
Peercoin is a crypto-currency peer-to-peer network, inspired by Bitcoin. It therefore shares with Bitcoin a large part of its original code. The initial project has for objective to propose virtual currency the most reliable at a lower cost.
Miner of the chips requires very often machines high-performance, and excessive consumption of electricity. Peercoin differentiates itself from virtual currencies traditional as it can be beaten on any computer. In fact, this is not the computing power that will be used for the blasting, but the number of peercoins that you hold. Each time a user generates a block, his chips are going to protect the network. This allows to further secure the platform against cyber-attacks. Users are rewarded with an annual remuneration of the order of 1% of coins minted.
The limit of Peercoin
Unlike Bitcoin, which displays a fixed limit of 21 million units, Peercoin has no maximum number of tokens defined. To avoid a generation of too large chips which would be liable to drop his course, Peercoin self-regulates its inflation of 1% per year, directly in his source code. This process allows you to control the creation of currency.
Consensus-building validation blocks
Peercoin uses a combination of systems of Proof-of-Work (Proof of work) and Proof-of-Stake (Proof of stake) for the validation of blocks. Thus, the proof-of-work allows to ensure the safety of the audit during the proof-of-stake will encourage members to keep their computing power to the network.