Review on Peercoin by David Olayide
Peercoin Of The Future
Peercoin, PPC, is a peer-to-peer cryptocurrency that utilizes both proof-of-stake and proof-of-work systems. Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems. The Peercoin project was launched in 2012 and that makes it one of the earliest cryptocurrency projects to make it to the mainstream of the cryptocurrency space. I am particularly interested in the fact that the Peercoin project makes use of very good and superior technology to solve some of the flaws affecting the industry at large. The cryptocurrency project, Peercoin is designed to serve as a support currency. The proof-of-stake technology in Peercoin is not only energy efficient, amazingly, it also maintains a high level of security without relying on transaction fees. Thus Peercoin could be safely designed with a strong scarcity property yet serve well as backbone currency.kkuey innovation of Peercoin is its invention of proof-of-stake, an alternative consensus protocol to that of Bitcoin. Peercoin is equally capable of allowing any computer that is network enabled, to participate in the blockchain’s security process. This efficiency strengthens Peercoin by growing the number of security providers. PPC, has a circulating supply. Some exchanges for trading in Peercoin include HitBTC, Bittrex, Hotbit, AEX, and YoBit.
Pros
- Peercoin makes use of superior technology
- Energy efficient mining system
- Utilizes PoW consensus algorithm
Cons
- Low market value
