Peercoin Price, News and Analysis (PPC)

Peercoin (PPC) Frequently Asked Questions

What is Peercoin?

A peer-to-peer crypto-currency design derived from Satoshi Nakamoto's Bitcoin. Proof-of-Stake replaces Proof-of-Work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run. The security level of the network is not highly energy-dependent thus providing an energy-efficient and more cost-competitive peer-to-peer crypto-currency. Proof-of-Stake is based on coin age and generated by each node via a hashing scheme bearing similarity to Bitcoins but over limited search space. Blockchain history and transaction settlement are further protected by a centrally broadcasted checkpoint mechanism. (Description provided by CryptoCompare)

How do I buy Peercoin?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Peercoin.

What do investment analysts think about Peercoin?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Peercoin an overall rating of "D+", a technology and adoption rating of "D+", and a market performance rating of "C+".

Where can I get Peercoin wallet?

Peercoin produces its own wallet software that is available for download on its website, which allows you to store Peercoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Peercoin?

One Peercoin (PPC) is currently worth $0.89 on major cryptocurrency exchanges. You can also exchange one Peercoin for 0.00001575 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Peercoin in U.S. dollars is $24.38 million.

What hashing algorithm does Peercoin use?

Peercoin is a proof of stake (PoS) coin that uses the SHA-256 algorithm.

How do I mine Peercoin?

Peercoin and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to Peercoin?

The following coins use the same hashing algorithm (SHA-256) as Peercoin: Bitcoin, Bitcoin Cash, Bitcoin SV, Alitas, Ultra, Steem, USDX [Kava], Steem Dollars, Counterparty, Namecoin, USDX [Lighthouse], PRIZM, USDx stablecoin, EDC Blockchain [old] and DAOBet.

What is the Reddit page for Peercoin?

The official Reddit community (subreddit) for Peercoin is r/peercoin.