Peercoin PPC

The blockchain that aims to replace Bitcoin

A project that first implemented Proof-of-Stake and intends to use its advantages to solve Bitcoin's issues and become its effective substitute on the market.

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Proof Type: Proof of Work (PoW) CMC Rank: 563

USD: $1.15
1h: ▼0.14% 24h: ▼1.02% 7d: ▼17%
BTC: 0.000029 BTC

All Time High: $9.45 6 years ago
Current price is -88 % from ATH

Market

Cap: $30 984 043
Vol 24h: $23 716 (0.08 %)

Supply

Circulating: 26 985 238 PPC (1.3 %)
Total: 2 000 000 000 PPC

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About Peercoin

In general, Peercoin’s aim is simple: it is striving to create a sustainable, scalable public blockchain, that would support a myriad of features and transactions done by users around the world. The main problem that Peercoin recognizes in the structure of their main competitor Bitcoin is the fact that it is almost unscalable due to the higher and higher demands of energy and power in order to keep mining, the transaction speed is slow, and the platform itself has outlived its better days, according to the Peercoin team. So what Peercoin offers is a fully functional blockchain that would be able to support the same type of functionality currently attributed to Bitcoin, but without the need for the antiquated, environmentally irresponsible Proof-of-Work consensus mechanism, where the cost effectiveness is almost zero, considering the sheer volume of monetary input needed to create a farm large enough to mine a single coin. Solving this huge issue, Peercoin plans to replace Bitcoin.

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Twitter Stats

Followers: 43,598
Lists: 563
Favourites: 529
Update Frequency: 0.4 statuses/day
Created: 11 years ago