Peercoin's price today is $0.53 USD, with a 24-hour trading volume of $8,027 USD. PPC
is up 0.54% in the last 24 hours. Peercoin is currently ranked #735 with a
market capitalization of $14,789,291 USD.
What is Peercoin?
Peercoin was introduced in 12 August 2012 by Scott Nadal and Sunny King. Sunny King,who also created Primecoin, is a pseudonym. The idea and purpose of Peercoin is to make decentralized and pseudo-anonymous transactions with no dependency on energy consumption. New coins can be created in two different ways; mining and minting, proof ofwork and proof of stake respectively. It has a block creation time of 10 minutes in average andblock size of 1KB. Block reward halves every 16 times rise of hashrate. Proof of stake gives thestakers 1% annually. Peercoin also has transaction fees which, miners get by verifyingtransactions. Peercoin can handle up to 5 transactions per second.
What type of cryptocurrency is Peercoin?
The PPC token on the Peercoin network is classified as a type of Currency.
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