Peercoin PPC / Peercoin

What is Peercoin?

Peercoin, also known as PPC or Peer-to-Peer Coin, was created by Sunny King and his team and launched in August 2012. It is the first blockchain to implement Proof-of-Stake consensus.

The primary inspiration behind the creation of Peercoin was to address a number of perceived shortcomings of Bitcoin, including energy efficiency, security and sustainability, decentralization and long-term viability.

Essentially it was designed as an enhanced replacement for Bitcoin. As such, it was originally forked from Bitcoin and uses the same UTXO style blockchain. However, Peercoin's code was modified to introduce Proof-of-Stake as its primary consensus protocol. The next section explains how this makes for a better blockchain.

Given that Peercoin uses most of the same code, it can easily port new features from Bitcoin and utilize any of the supporting infrastructure, including tech advancements like Taproot or Lightning Network. Peercoin is the only Proof-of-Stake blockchain that uses modern Bitcoin code, making it the perfect drop-in replacement.

Peercoin also has a dedicated community, is actively developed, fairly distributed, has low barriers of participation, can do everything that Bitcoin does, minus the 13 TWh of energy usage, and it's not a scam.

How to Obtain Peercoin (PPC) and Wrapped Peercoin (wPPC)

There are two versions, real peercoin (PPC) and wrapped peercoin (wPPC).

PPC is the native coin on the Peercoin blockchain, running now for over 11 years. You can obtain PPC from the following exchanges: https://peercoin.net/resources#exchanges

wPPC is more recent. wPPC is a synthetic Peercoin-backed token that exists on EVM blockchains like Ethereum and Polygon. It can be traded on Uniswap and QuickSwap for example. wPPC is created when real peercoin is wrapped using http://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

What is the Difference Between Proof-of-Stake and Proof-of-Work?

In a Proof-of-Work blockchain, new blocks are created by mining, but in Peercoin’s Proof-of-Stake, new blocks are created by staking.

In a Proof-of-Work blockchain, the act of mining involves using computer processing power to solve blocks. The miner who solves the block first has the privilege of adding that block of transactions to the blockchain, earning them new coins as a reward for their service to the network.