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PPC

Peercoin

Algorithm:

What is Peercoin?

Peercoin’s original innovation is the proof-of-stake/proof-of-work hybrid system. Like other cryptocurrencies, initial coins can be mined, but the core network is maintained by coin holders, rather than the fastest pool. Maintaining the network through the hybrid PoW/PoS algorithm reduces the risk of the Selfish-Miner Flaw, 51% attacks, and the block bloating that have been used to exploit other currencies. It also requires far less energy than generating hardware-intensive proof-of-work hashes. Proof-of-stake also does away with the ~$1 billion tax on the Bitcoin network through proof-of-work blocks.

Release date: August 10th, 2012

Specifications

  •  First implementation of hybrid proof-of-work/proof-of-stake
  •  Long term energy non-dependence (meaning if hashrate drops network is still protected)
  •  Long term energy efficiency (assuming the continuation of Moore's law)
  •  Proof-of-work mint rate is a function of difficulty (every 16x in difficulty mint rate is halved)
  •  Proof-of-stake mint rate is less than 1% annually
  •  Centrally broadcasted checkpoint for transaction settlement and defend against 51% attacks
  •  No premine
  •  No tax
  •  Open source
  •  Same license term as Bitcoin to help advancing cryptocurrency technology

CoinChoose info

Current Blocks113465
Difficulty162651434.846
Reward88.540525180203 PPC
Network hashrate H/s
Adjusted ratio4.09777981936 % BTC
Avgerage Profit93.26164935854803 % BTC
Avgerage Hash H/s
ExchangePrice

Pools

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