Peercoin (PPC) - cryptocurrency review
Peercoin (PPC) - cryptocurrency review

Peercoin (PPC)

Rank: #21

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Peercoin Review

Peercoin (PPC) is a peer-to-peer cryptocurrency utilising both proof-of-stake and proof-of-work systems. What makes Peercoin unique is that it was the…

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Peercoin (PPC) – cryptocurrency review


Peercoin (PPC) is a peer-to-peer cryptocurrency utilising both proof-of-stake and proof-of-work systems. What makes Peercoin unique is that it was the first cryptocurrency to implement this hybrid system; and it was done for good reason: proof of work systems like that found in Bitcoin require a huge amount of energy to maintain.

A Techcrunch article published in 2013 put the cost of mining a Bitcoin at $150,000 USD! Proof of stake systems by comparison are energy efficient, requiring only the power required to run a desktop application, providing this task is performed by many computers around the word.

Founded in 2012, Peercoin is one of the oldest and most established cryptocurrencies on the market, and one of the foremost altcoins. Unlike other coins, Peercoin doesn’t state a limit on the maximum number of coins that will ever be produced. And it pays a dividend; Peercoin holders receive a 1% reward for coins held beyond 30 days.

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