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Price
$0.52
9/25/2022, 1:30:59 AM
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Market

Market stats

Market cap

$14.3M

Volume (24h)

$6,788.58

Circulating supply

27.8M PPC

All time high

$13.66

Price change (1h)

+2%

Price change (24h)

-4.14%

Price change (7d)

-18.96%

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Peercoin is on the decline this week.

The price of Peercoin has fallen by 18.96% in the past 7 days. The price declined by 4.14% in the last 24 hours. In just the past hour, the price grew by 2.00%. The current price is $0.524218 per PPC. Peercoin is 96.16% below the all time high of $13.66.

The current circulating supply is 27,775,582.816 PPC.

About

What Is Peercoin (PPC)?

Peercoin is an open-source, decentralized blockchain network belonging to the Peercoin Foundation. The currency was initially released as a fork of Bitcoin with additional protocol and functionalities to support the proof-of-stake (PoS) mechanism. According to the asset's document, the asset's mission is to empower team members of Peercoin by offering them the tools necessary to keep Peercoin's reputation of innovations to the blockchain alive. The innovation highlights the use of proof of stake (PoS) for network security and proof of work (PoW) for coin distribution on Peercoin's network.

This cryptocurrency network thus developed was named ppcoin, a designated cryptocurrency of the Peercoin project, represented by its ticker PPC. The PPC is a peer-to-peer cryptocurrency minted using proof of stake for network security and proof of work for coin distribution with no dependency on energy consumption. The term minted reflects creating new crypto coins using a proof-of-stake (PoS) consensus algorithm. Further, the coins generated by PoW (proof-of-work) miners are used to reward them for their work on the network. These coins can also be traded by the miners on an exchange for profit and purchased by new stakeholders who can use them to mint blocks by participating in the proof-of-stake mechanism. The PPC is also used for governance on the Peercoin network, which includes actions like voting. These overall functions of PPC, in turn, help aim to create a decentralized cryptocurrency network with an economic model that focuses on security and sustainability.

History of Peercoin (PPC)

Peercoin started its journey in 2012 based on the proposal of Sunny King and Scott Nadal to create an alternative consensus that can provide energy-efficient and long-term decentralized systems. Presently, this network is governed by the Peercoin Foundation, publicly announced on May 13, 2018, and is controlled by a board of directors. The whitepaper of Peercoin was published on August 19, 2012.

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FAQ

What is the current price of Peercoin?

The price of 1 Peercoin currently costs $0.52.

What is the market cap of Peercoin?

The current market cap of Peercoin is $14.32M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Peercoin?

The all-time high of Peercoin is $13.66. This all-time high is highest price paid for Peercoin since it was launched.

What is the 24 hour trading volume of Peercoin?

Over the last 24 hours, the trading volume of Peercoin is $6.79K.

What other assets are similar to Peercoin?

Assets that have a similar market cap to Peercoin include MagicCraft, SONM (BEP-20), Genopets, and many others. To see a full list, see our comparable market cap assets.

How many Peercoin are there?

The current circulating supply of Peercoin is 28 million.

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