PPC – 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:
- Proof-of-work mining (increases supply)
- Proof-of-work difficulty (higher difficulty decreases reward per block)
- Number of transactions (more transactions decrease supply because of the current 0.01 PPC transaction fee)
- Proof-of-stake system (increases supply at a rate of up to 1% per year)
Important PPC features:
- The more people are mining, the smaller the block reward gets. This is intended to decrease energy consumption in the long term.
- The more people are using Peercoin as a currency and exchange them, the more Peercoins will be burned as transaction fees.
- 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).
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.