Peercoin (or also known as PPC, PPCoin, or P2P coin) is the first hybrid Proof of Work (POW) and Proof of Stake (POS) cryptocurrency created by Sunny King. Peercoin was inspired from the Bitcoin codebase hence it inherits a lot of Bitcoin's technical implementation.
Proof of Stake (POS) was introduced as an energy and cost efficient way to maintain the network. There is no need to build up arms of processing powers from GPU and ASIC chips to conduct Proof of Stake.
Peercoin is currently one of the few major cryptocurrencies along side with Bitcoin and Litecoin by market cap and community.
Crypto Coin Details
|Genesis Date||18 August 2012|
|Proof of Work||True|
|Proof of Stake||True|
|Proof of Burn||False|