Details about Peercoin cryptocurrency
Peercoin
PPC
9+ (click to see list)
2012-08-20
Proof of Stake
10
€15,062,769 ( 3.32476%)
€35,058
27,241,365
28,749,108
6.924
Unknown
77671x
€40681.3
Peercoin price charts
PPC exchanges
Peercoin, the crypto
Peercoin (PPC) is a cryptocurrency that was launched in 2012. It was the first cryptocurrency to introduce proof-of-stake (PoS) consensus mechanism, which allows for energy-efficient mining and network maintenance.
The point
The main point of Peercoin (PPC) is to provide a more energy-efficient alternative to proof-of-work (PoW) cryptocurrencies, such as Bitcoin. By using PoS, Peercoin aims to reduce the energy consumption associated with traditional cryptocurrency mining and encourage more sustainable and eco-friendly blockchain operations. Peercoin also aims to offer greater security and scalability than other PoS-based cryptocurrencies.
The problem
Peercoin (PPC) aims to solve the problem of excessive energy consumption associated with traditional PoW-based cryptocurrencies, as well as the problem of centralization that can occur with some PoS-based cryptocurrencies. Peercoin also aims to address the scalability issues that can arise with growing blockchain networks, by using PoS-based checkpoints to ensure security and efficiency.
Compare PPC and BTC performance
Timeframe | PPC | BTC |
---|---|---|
1h change | 0.188028 % | 0.0782184 % |
24h change | 3.21 % | 1.10257 % |
7 day change | -3.3 % | -2.56821 % |
14 day change | 4.34 % | -1.35002 % |
30 day change | 28.08 % | -7.47601 % |
200 day change | 75.29 % | 135.09 % |
Year change | 31.02 % | 124.797 % |