PPC – Peercoin

ppcoin logoPPC – Peercoin

Peercoin (previously known as PPcoin) is the first sha-256 coin with proof-of-stake (PoS) implemented in addition to proof-of-work (PoW). Launch date: 19 August 2012. Peercoin was created by software developer Sunny King.

Peercoin’s proof-of-stake system was developed to address the high energy consumption of Bitcoin.

Official website with wallet downloads: http://peercoin.net/

There are 20.7 million Peercoins in existence as of November 2013 and the current inflation created by proof-of-work mining is at about 8%.

The change of Peercoin money supply is determined by:

  1. Proof-of-work mining (increases supply)
  2. Proof-of-work difficulty (higher difficulty decreases reward per block)
  3. Number of transactions (more transactions decrease supply because of the current 0.01 PPC transaction fee)
  4. Proof-of-stake system (increases supply at a rate of up to 1% per year)

Important PPC features:

  1. The more people are mining, the smaller the block reward gets. This is intended to decrease energy consumption in the long term.
  2. The more people are using Peercoin as a currency and exchange them, the more Peercoins will be burned as transaction fees.
  3. The more people are saving Peercoin, the nearer the PoS inflation will be to 1% per year, (approximately compounding every 520 blocks, or about once per month).

(source: http://en.wikipedia.org/wiki/Peercoin)

Peercoin forum: http://www.peercointalk.org/

Recommended PPC mining pool: https://ppcoin.d7.lt/

Always remember to use the latest client version from the official website.

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