Peercoin is a peer-to-peer digital currency that makes use of both proofs of stake and proof of work systems. It is also known as PPCoin or PPC. In Peercoin block creators are called minters, instead of miners. It emulates proof of work competition in its protocol by using time as an alternative limited resource.
However, Peercoin is one of the earliest pioneering blockchains. It first came online in 2012. The major innovation of Peercoin is its invention of proof of stake, which alternate Bitcoin’s proof of work.
The blockchain security is massive and Peercoin is capable of letting any network-connected computer partake in the blockchain’s security process. Peercoin offers amazing features including.
Fair distribution: it offers distribution that is wide enough to ensure that the major icon supply goes round and not concentrating on few people.
Reliable Value Store: offers sustainability, efficiency, user governance, scalability through modularity, and fair distribution. This elementary focus more on preserving the trustless, immutable, and censorship-resistant nature of Peercoin so it can always be relied upon to fulfill its main role as a distributed mechanism for storing all types of value securely.
Trustless base layer: Peercoin’s investors tailored the blockchain and its economics to fulfill the specific role of the base layer settlement network, in other to preserve the trustless security of the blockchain and ensure its ability to scale to the level of global usage.
Here is a list of Peercoin exchange platforms.
- The Rock Trading.
- Coin Switch.
- Frei Exchange.
- Coin Spot.
So, you can buy PPC by registering with any of the above platforms.
Peercoin makes use of the hash cash double iterated SHA-256 algorithm for proof of work mining. That is to say, hardware that can mine BTC can mine Peercoin also. However, to mine Peercoin, you’ll need mining software like Easy Miner, CGMiner, and BFGMiner.
Get current updates on Peercoin including its price, by registering for the newsletter. To register for Peercoin news, you need to visit their official website.
Scroll to almost at the bottom of their official home page, you will see the subscribe to Peercoin news, kindly click on the Subscribe tab and follow the prompt.
To find out the actual Peercoin price any day anytime, simply visit https://coinmarketcap.com/currencies/peercoin/ on this coin market cap site you’ll get the information you need about PPC price. However, the price of PPC at the time of writing this article is $0.8908. price change 24hrs -$0.03246. to see the price chart, you can visit coinmarketcap.com using the link above.
With a PPC wallet, send, receive and store Peercoin with ease. To get started with the platform you must get a wallet, either a mobile phone wallet or desktop wallet.
However, to download this wallet, visit the play/app store locate the app, and click on the install widget to begin the downloading process. For desktop, go to your browser and search for “Peercoin wallet” then locate the right site and download the app.