$0.26
Peercoin Price | $0.26 |
24h High / 24h Low | $0.26 / $0.27 |
Trading Volume | $8.73 |
Price Change (24h) | -$0.01 |
Price Change Percentage (24h) | -3.563% |
Market Cap Rank | #1734 |
Market Cap | $7,850,271.00 |
Market Cap Change (24h) | -$292,821.42 |
Market Cap Change Percentage (24h) | -3.596% |
Volume / Market Cap | 0.0000 |
All-Time High | $9.45 |
All-Time Low | $0.00 |
Peercoin (PPC) is the first cryptocurrency to adopt a hybrid Proof-of-Stake/Proof-of-Work consensus, introduced in 2012 as an energy-efficient alternative to Bitcoin. Its design rewards both miners and coin-holders, with staking reducing the need for continuous mining.
Created by software engineer Sunny King (a pseudonym) and Scott Nadal, who sought to address Bitcoin’s high energy consumption and centralization risks.
As the pioneer of PoS, Peercoin’s hybrid model drastically cuts energy usage and encourages long-term holding, since stakers earn 1% interest annually simply by running a wallet.
Secured by a blend of PoW mining for block discovery and PoS staking for block validation; coin-holders lock coins in their wallets to participate in consensus and earn minting rewards.
Often viewed as a “green” Bitcoin alternative, Peercoin demonstrates PoS viability and has inspired numerous later PoS projects. It also serves as a test-bed for governance and staking experiments.
Upgrades occur via community-driven Peercoin Improvement Proposals and soft forks. Code changes are reviewed on GitHub and deployed by node operators when a supermajority signals readiness.
As an open-source community project, there are no formal corporate holders; significant PPC is held by early miners and long-time community stakeholders.