/r/peercoin
Peercoin is an efficient and sustainable, green cryptocurrency based on continuous limited inflation. It is the original pioneer of Proof of Stake.
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Peercoin is a community funded project.
What is Peercoin?
Peercoin is an efficient and sustainable, green cryptocurrency based on continuous limited inflation. It is the original pioneer of Proof of Stake.
Overview
- Launch & Initial Distribution
- Launch: The Peercoin blockchain was originally launched on August 19th, 2012 by developers Sunny King and Scott Nadal, with no initial coin offering, premine, or developer tax. The project is completely open source and community driven.
- Initial Distribution: Peercoin was the first of its kind, a blockchain secured by Proof-of-Stake (PoS) consensus, however Proof-of-Work (PoW) mining was originally used to fairly distribute the initial coin supply. Although it is decreasing in importance over time, PoW mining continues to provide a trickle of fresh coins. This has the effect of slowly decentralizing the blockchain over time by getting coins into the hands of new owners who can help secure the network via PoS minting.
- Time as a Scarce Resource: The key innovation of Peercoin is its invention of PoS. PoW blockchains are secured by proving the consumption of a costly resource: electricity. PoS replaces this expensive security protocol by using an alternative scarce resource: time. The older your coins are, the more time they’ve accumulated sitting in your wallet, which gives them more power to participate in securing the network.
- Security with Low Power Devices: With PoS, you only need enough power to run your computer or laptop. This is possible because the network is secured through ownership of peercoins and the time they sit idle in your wallet, not by the wasteful and costly operation of mining equipment. This efficiency helps grow the number of security providers by making it more affordable to participate. Almost a decade after its launch, Peercoin continues to prove that energy efficient blockchain security is possible.
- Aligning Security with Ownership: In PoW networks, miners can easily jump between whichever network is more profitable to mine, without any loyalty. In Peercoin however, the responsibility for security falls to the coin owners themselves, guaranteeing stakeholders have a vested interest in maintaining the network’s security.
- Geographical Decentralization: PoW mining concentrates power where electricity is cheapest, which compromises security, making it easier for local governments to target miners. By contrast, PoS minting can be done anywhere.
- Price Independent Security: Unlike PoW miners, who rely on a positive asset price to cover their costs of operation and remain profitable, Peercoin minters benefit from the efficiency and lower costs of PoS. As a result, PoS minters are independent of price and can always secure the network with little expense to them.
- User Governance: Protocol rules are governed collectively by Peercoin’s users, making for a more democratic network.
- Continuous Limited Inflation: Many in crypto have a negative view toward inflation, resulting in the popularization of “deflationary,” fixed-supply economic models. At Peercoin however, inflation is viewed as a necessary element that contributes to the proper functioning of an economy. The problem stems from centrally controlled inflation, which can be excessive due to manipulation. The solution is not eliminating inflation entirely, but limiting and decentralizing it. This is the principle at the heart of Peercoin’s economic model, which targets an annual supply increase of around 2-3%. This mild inflation encourages circulation by providing a regulated and continuous stream of new coins into the hands of decentralized participants. As a counterbalance, transaction fees are burned, which acts as a downward force on the supply.
- Permanent Subsidy This annual inflation allows the Peercoin network to subsidize block producers with new coins, completely eliminating their reliance on transaction fees. The subsidy provides a permanent incentive for stakeholders to continuously produce new blocks. Personal minting rewards can range anywhere from 3% for periodic minters to 5% for continuous minters.
- Immutable Record Keeping: At its essence, a blockchain is a fully verifiable distributed public ledger which records data in a manner that prevents alterations. This tamper-proof system ensures stored data is immutable and requires less trust from users than third party intermediaries. The blockchain’s strength is primarily in permanent record keeping, rather than being used as a tool for daily payments. Transactions on the chain can be slow and expensive. This is solved with vertical and horizontal scaling technology, which offloads transactions onto separate off-chain networks built for high capacity processing. The blockchain plays the role of settlement layer by permanently recording the final result of these off-chain transactions.
- Built for Trustless Settlement: Blockchains that draw their security from transaction fees however are directly competing with the node operators of these off-chain networks. Fighting with off-chain nodes over the same fees is an incompatibility that will only starve block producers of potential revenue, resulting in reduced security for the blockchain. Since Peercoin is secured without any reliance on transaction fees, it is in complete alignment with off-chain networks, making it a better alternative to serve the role of a trustless settlement layer.
- Full details can be found here. The following is a brief summary of Peercoin's 2021 roadmap.
- Core Development
- v0.10 - Codename: Scarab:
- New codebase (based on bitcoin-core 0.20)
- v0.11 - Codename: Tardigrade:
- RFC-0012 (Cold minting)
- RFC-0014 (Removal of the transaction timestamp for non-coinstake transactions)
- RFC-0020 (Proof-of-Work Difficulty on PoS Blocks)
- Non-Core Development
- Peercoin <-> Ethereum Bridge
- Android/iOS Mobile Apps
- Rosetta Integration
- Donate: These developments are sponsored by the Peercoin Foundation, which in turn is sponsored by generous community donations. PPC, BTC, and fiat can be donated at peercoin.net/foundation.
Resources
A more comprehensive list of resources can be found in the dropdown menus above.
News
Open Letter from Peercoin Project Lead
Peercoin Web Wallet Now in Beta Testing
Introduction to Multisig Minting
Wrapmeister Bridge Introduction
Media
Podcast - Web3 Compass Interviews Peerchemist
Podcast - Web 3.0 and NFTs | CCS Ep #2
/r/peercoin
9,486 Subscribers
Industry clearance and PPC
Now that crypto clearance is imminent, I’m curious whether Peercoin developers have the right strategy for achieving widespread adoption?
Beyond its technology and strength of PPC's fundamentals, I struggle to see any use cases beyond being a store of value, which essentially positions it as a Bitcoin-like blockchain, but with much greater energy efficiency.
19:46 UTC
welcome to the exclusive elite cult called Peercoin
where they kick out and ban community members from their forums and discord, when they have a different opinion. they are not even invested in it, they only use it as their own private playground for their esoteric bs technological experiments like immutable. Or to scam other community members. They only care about themselves.
while some community member warns for scammers, he forgot that he took millions and only returned 20%, because the project that was presented didnt go through (reason: not enough balls), and since they thought it was smart to invest 80% into webhosting for the coming 500 years (yes indiciumfund.com is still online) investors only saw 20% returned, what happened to the rest? webhosting right
the team of a-holes don't even hold peercoins, what a joke
they kick out major whale , proof of stake difficulty drops 10+ points, nobody gives a shit
they who hijacked peercoin development have destroyed the project and only use it for their personal gain
where is sunny king when you need him
time go away and dont come back , it has been for a long time
18:43 UTC
Solo mining peercoin
Dear sirs can anyone help We are using s19pro for solo mining peercoin v 0.14 nodes What is the time to find a block it has been 10 hours qnd nothing??!
15:02 UTC
PPC mining at Zergpool.com
You can now mine Peercoin at autoexchange mining pool Zergpool.com /r/zergpool at 0.5% fee.
Please use following configuration examples for different mining options
Option 1 Auto coin switch mining by profitability within algorithm with autoexchange to specified coin wallet(BTC in example below) -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC
Option 2 Direct coin mining with payout to coin wallet -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURPPCWALLET> -p c=PPC,mc=PPC
Option 3 Direct coin mining with autoexchange to specified coin wallet(BTC in example below) -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC,mc=PPC
Please note mc stands for mining coin symbol, c stand for payout coin symbol
SOLO and PARTY mining
Set m=solo, or m=party.YourPartyPassword to your password field to use this feature. No extra fees.
Autoexchange to BTC, LTC, DASH, DOGE, ETH, BCH, USDT or any other currency we mine
Happy mining, cheers pinpin
08:07 UTC
Absolutely wild 😍
20% in a few minutes
01:14 UTC
Buying/selling peercoin in canada
In the last few years all the exchanges I've used have either delisted peercoin or shutdown altogether. Does anyone know of a place to buy/sell peercoin in Canada?
18:13 UTC
Peercoin meets Ledger Live
Hello everybody,
So whats the whole issue with PPC on Ledger Live interface?
I woke up and saw this message:
To optimize efficiencies, Peercoin will not be supported on Ledger Live as of 2024/06/03. However, it will still be supported on Ledger hardware wallets. Please contact Ledger Customer Support if you would like assistance on this.Contact Support
Is there something I should be worried about?
22:00 UTC
When are these going to become valuable?
14:23 UTC
Best way to trade ppc to AUD$
Hi all so I have a small amount of ppc from 11yrs ago. I’m looking at a quick swap for AUD with out to many different transactions. The Aussie exchanges stopped trading PPC last year and some years back so a quick easy swap is kinda out of the question for what I can find. I’ve looked at MEXC and stakecube plus checked out a few others mentioned on the peercoin.net. It appears I’ll have to trade to either USDT or BTC then send to CoinSpot or btcmarkets and trade to AUD. Question is which is the better option with less fees and better value. Considering it’s only 900 odd PPC too.
Is there a better way? Or does someone to do a P2P trade for AUD
Any help and advice would be great.
09:48 UTC
Which platform to sell Peercoin?
Hi all. I bought peercoin 3 years ago and is now unsupported by every platform that I have tried. Where can I sell it? Won't be selling today but want to prepare it for the future. Cheers.
22:21 UTC
Make a new crypto
Hey guys ! I am a student and I want to make my own cryptocurrency using Peercoin can someone help and guide me on this , thank you !
07:33 UTC
How to exchange coins
My sister just sent me some of these coins and wondering if there is any way to sell them or exchange them. I just have them in a peercoin wallet atm
12:23 UTC
PPC mining at Zergpool.com
You can now mine Peercoin at autoexchange mining pool Zergpool.com /r/zergpool at 0.5% fee.
Please use following configuration examples for different mining options
Option 1 Auto coin switch mining by profitability within algorithm with autoexchange to specified coin wallet(BTC in example below) -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC
Option 2 Direct coin mining with payout to coin wallet -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURPPCWALLET> -p c=PPC,mc=PPC
Option 3 Direct coin mining with autoexchange to specified coin wallet(BTC in example below) -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC,mc=PPC
Please note mc stands for mining coin symbol, c stand for payout coin symbol
SOLO and PARTY mining
Set m=solo, or m=party.YourPartyPassword to your password field to use this feature. No extra fees.
Autoexchange to BTC, LTC, DASH, DOGE, ETH, BCH, USDT or any other currency we mine
Happy mining, cheers pinpin
09:07 UTC
PPC mining at Zergpool.com
You can now mine Peercoin at autoexchange mining pool Zergpool.com /r/zergpool at 0.5% fee.
Please use following configuration examples for different mining options
Option 1 Auto coin switch mining by profitability within algorithm with autoexchange to specified coin wallet(BTC in example below) -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC
Option 2 Direct coin mining with payout to coin wallet -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURPPCWALLET> -p c=PPC,mc=PPC
Option 3 Direct coin mining with autoexchange to specified coin wallet(BTC in example below) -o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC,mc=PPC
Please note mc stands for mining coin symbol, c stand for payout coin symbol
SOLO and PARTY mining
Set m=solo, or m=party.YourPartyPassword to your password field to use this feature. No extra fees.
Autoexchange to BTC, LTC, DASH, DOGE, ETH, BCH, USDT or any other currency we mine
Happy mining, cheers pinpin
09:07 UTC
The final video about the creation of House of Peercoin
17:05 UTC
For those asking how to obtain Peercoin, here is what you need to know. There are two versions, real peercoin (PPC) and wrapped peercoin (wPPC)
PPC is the native coin on the Peercoin blockchain, running now for 11.5 years. You can obtain PPC from the following exchanges: https://peercoin.net/resources#exchanges
wPPC is more recent, a synthetic Peercoin-backed token that exists on EVM blockchains like Ethereum and Polygon. It can be traded on Uniswap for example. wPPC is created when peercoin is wrapped using https://bridge.peercoin.net and destroyed as peercoins are unwrapped. You can obtain wPPC from here: https://peercoin.net/resources#wrapped-ppc
The contract addresses for wrapped peercoin (wPPC) are as follows:
Ethereum: 0x044d078F1c86508e13328842Cc75AC021B272958
Polygon: 0x91E7E32C710661C44ae44D10Aa86135d91C3Ed65
12:49 UTC
Mexc Exchange Announces Peercoin Listing
10:21 UTC
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