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Rank #647
5,865 people like this
peercoin  (PPC)

Peercoin (PPC)

$0.871338 -2.8%
0.00002250 BTC -0.7%
5,865 people like this
$0.862512
24H Range
$0.918595
Market Cap $23,575,701
24 Hour Trading Vol $11,551.19
Circulating Supply 27,056,902
Total Supply 2,000,000,000
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Peercoin (PPC) Price Chart

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1h
24h
7d
14d
30d
1y
0.3%
-2.8%
-6.8%
9.3%
-9.4%
208.7%
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PPC Price and Market Stats

PPC Price $0.871338
Market Cap $23,575,701
Market Cap Dominance 0.00%
Trading Volume $11,551.19
Volume / Market Cap 0.0005
24h Low / 24h High $0.862512 / $0.918595
7d Low / 7d High $0.858124 / $0.964869
Market Cap Rank #647
All-Time High $9.45 -90.8%
Jan 13, 2018 (over 3 years)
All-Time Low $0.099634952544 771.6%
Mar 13, 2020 (over 1 year)

Peercoin Price & Market Data

Peercoin price today is $0.871338 with a 24-hour trading volume of $11,551.19. PPC price is down -2.8% in the last 24 hours. It has a circulating supply of 27 Million PPC coins and a total supply of 2 Billion. If you are looking to buy or sell Peercoin, Bittrex is currently the most active exchange.

The Peercoin network activated in 2012 and is one of the first cryptocurrencies to ever be released. It is responsible for inventing proof-of-stake consensus, which makes it the first efficient and sustainable public blockchain technology. Peercoin was inspired by bitcoin, and it shares much of the source code and technical implementation of bitcoin. The Peercoin source code is distributed under the MIT/X11 software license. Unlike bitcoin, Namecoin, and Litecoin, Peercoin does not have a hard limit on the number of possible coins, but is designed to eventually attain an annual inflation rate of 1%. There is a deflationary aspect to Peercoin as the transaction fee of 0.01 PPC/kb paid to the network is destroyed. This feature, along with increased energy efficiency, aim to allow for greater long-term scalability.

With the same cryptographic hash function as Bitcoin (SHA-256), Peercoin is 100 times more energy efficient. Transactions in the Peercoin network are faster and cheaper. If there were not fierce competition on the cryptocurrency market, Peercoin would probably have long since become one of the most important cryptocurrencies. But in 2014 and 2015, however, there were many other interesting innovations in the cryptocurrency market that outperformed peercoin in a number of important properties. In contrast to DASH, Peercoin could not offer anonymity and the transactions in Dogecoin were even faster and cheaper than those of Peercoin. PoS technology ceased to be an advantage of peercoin and PoS continued to spread to other cryptocurrencies. The interest of the users drew it to the side of the minings on the CPUs and GPUs, then to the side of the Smart Contracts and PPC began to get a little forgotten.

The Peercoin Team believes that adapting blockchains for wide scale use only through on-chain transactions will negatively affect the decentralization level and security of the network over time, therefore we choose to develop the Peercoin blockchain as a base layer settlement network with a sole focus on securing all forms of value recorded into the chain. This can be accomplished through Peercoin's philosophy of preserving and maximizing decentralization (which increases security) by developing the majority of features and technologies on top of the blockchain, rather than directly into the blockchain protocol itself.

Thus the Peercoin Team focuses on developing second layer protocols and sub-networks that can interact with the base layer blockchain to adapt it for wide scale use and improve functionality such as tokens, smart contracts and high speed low cost transaction processing. In this way, Peercoin will act as a secure and censorship resistant base layer for the future blockchain connected world.

Peercoin News & Guides

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