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PeerCoin Description

A peer-to-peer crypto-currency design derived from Satoshi Nakamoto's Bitcoin. Proof-of-Stake replaces Proof-of-Work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run. Security level of the network is not highly enery dependent thus providing an energy efficient and more cost-competitive peer-to-peer crypto-currency. Proof-of-Stake is based on coin age and generated by each node via a hashing scheme bearing similarity to Bitcoins but over limited search space. Block chain history and transaction settlement are further protected by a centrally broadcasted checkpoint mechanism.


Pricing
  • Price: $
  • Market Cap: $0
  • 24h Volume: 54039.12789381
Technical Details
  • Started: 23/09/2014
  • Algorithm:
  • Proof Type: PoS
  • Total Coins: 25540026.995028
Presence
  • Website: PeerCoin
  • Twitter: @peercoinppc

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