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Peercoin, The Eco Friendly Cryptocurrency.
Peercoin.
Peercoin is a cypto coin created by Scott Nadal and Sunny King in 2012. In2013 Scott Nadal left the project leaving Sunny as the only developer.
It's a peer to peer cryptocurrency which uses proof of stake, and proof of work systems.
Unlike most coins Peercoin doesn't have a limit to the maximum number of coins that can be generated, and is designed to have an annual inflation rate of 1%.
There is also a deflationary side to it, since each transaction has a fee of 0.1 peercoin, which will then be destroyed.
The annual inflation will be the future 'mining' of Peercoin (minting) once rewards for traditional mining decrease. This makes for a more energy efficient coin compared to bitcoin which in 2013 used $150,000,000 USD per day in power consumption costs.
You can create your wallet here, at the time of writing one Peercoin is worth 1.33$.
Fun Fact: Peercoin is the official coin at the Star Trek convention 'Trek Con'.
https://www.crypto-news.net/wp-content/uploads/2016/07/peercoin-coindatacenter.com_.jpg
Bitcoin: 1F7TMMc1LwUu626sUcBoPr5bNL2dpP5gz
Ripple: rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy tag: 251072656
Ethereum: 0x8f52872c8263286fd160fc88c08d802e0d927e56
Reddcoin: RqjV3ZWnzsC7oz6CpG1KKVuMWWFUJpRdDG
Litecoin: LScHXjn9Nq4gJUU177P5nCSzo4EwMEuUFA
Replies (3)
Yeah, I would not put my vests behind these economics.
You said "at the time of writing, Peercoin is 1.93 about 16 days later. That's a pretty big jump.
Nice blog. Same mindset here. The Trustworthiness the cryoto space brings with it one thing nobody seemingly cares about. I found this great website: https://www.coincheckup.com. This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. Check: https://www.coincheckup.com/coins/Peercoin#analysis To check Peercoin Investment analysis.