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.
Full Name | PeerCoin (PPC) |
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Start Date | N/A |
Algorithm | N/A |
Proof Type | N/A |
Website | http://peercoin.net/ |
@peercoinppc | |
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N/A | |
Block Number | 350420 |
Block Time | N/A |
Block Reward | 14 |
Total Coins Mined | 6,749,258 PPC |
Previous Total Coins Mined | 24,622,754 |
Net Hashes Per Second | N/A |