Charts price for PeerCoin (PPC)

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Description of PeerCoin (PPC)

Peercoin Origin.

Release date: August 12, 2012.

Peercoin, is just like its name, a peer-to-peer cryptocurrency that employs both a Proof-of-Work consensus system as well as Proof-of-Stake. What’s interesting about Peercoins origin is that it was created by Sunny King and Scott Nadal. Sunny King is actually sort of pseudo anonymous and was involved in the creation of Primecoin.

Peercoin functionality.

Peercoin shares a lot of things with bitcoin, for example its source code and most technical details. The source code of Peercoin itself, however, is distributed under the MIT/X11 software license. What’s interesting about Peercoin, is that there is no limit on the amount of possible coins that can be in circulation. Though, the goal is to make sure that there is an inflation rate of 1% annually. However, transaction fees on the PPC network are paid in PPC (which is then destroyed), so there is also a deflationary mechanic.

Assets being sent on the Peercoin Blockchain can represent anything, such as equity or a bond. So, the Blockchain allows for the creation of DAC’s as well as DAO’s. These would also include shareholder voting rights and dividend functionality.

Despite there being a potentially unlimited supply of PPC, the coin has managed to position itself quite well in terms of market capitalization and its rating. PPC is in the top 200 coins based on market cap (40 million), with daily volume averaging a quarter of million.