Peercoin

PPC Rank #1081

$0.452▼ 17.82%24h

Low $0.4439High $0.5783

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Market cap$13.77MRank #1081

Fully diluted value$13.77M

Volume (24h)$5.4KVol / Mcap 0.04%

Circulating supply30.46MPPC

Total supply30.46M

Max supply∞no hard cap

All-time high$9.45Jan 12, 2018

All-time low$0.00000003Apr 13, 2022

What is Peercoin?

Launch and consensus

Sunny King and Scott Nadal launched Peercoin on August 19, 2012. The launch had no ICO, premine or developer tax. PPC is the chain's native coin. Peercoin introduced a Proof of Stake design in which coin ownership and accumulated holding time contribute to minting eligibility. Participants can help produce blocks using ordinary computers. Proof of Work mining also remains part of the system and distributes additional coins.

Issuance and settlement

The monetary model uses continuing limited inflation rather than ending issuance at a fixed terminal supply. Block producers receive newly issued coins as the network's ongoing security subsidy. Transaction fees are destroyed instead of being paid to minters. This fee burn offsets part of the new issuance. Peercoin is designed to provide a persistent public settlement ledger. Its settlement-layer approach allows separate systems to process activity and record final results on the chain. The network's consensus rules and distribution are maintained through its open-source, peer-to-peer software.