Buy Peercoin (PPC)
Peercoin is based off the cryptocurrency Bitcoin. Peercoin offers technological advances over Bitcoin that allow its network to consume far less energy and achieve a higher degree of security and decentralization. This is achieved through an innovative minting algorithm, called Proof-of-Stake, that places money production in the hands of currency holders.
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Proof of Stake
Peercoin’s major difference from Bitcoin is that it uses a proof-of-stake/proof-of-work hybrid system for coin generation. With this system, coins are generated based on proof-of-stake blocks in addition to proof-of-work blocks. In other words, someone holding 1% of the currency will generate 1% of all proof-of-stake coin blocks.
Proof-of-stake block generation could reduce the risk of 51% attacks for at least two reasons. First, the cost of acquiring 51% of all stake could in theory be much higher than the cost of acquiring 51% of all mining power, thus raising the cost of attack. Second, in a 51% stake attack the attacker’s investment would be directly at risk of losing value. Peercoin also enforces transaction fees at protocol level to defend against block bloating attacks.
Proof-of-stake blocks require minimal energy consumption. Thus, with Peercoin energy consumption would decrease over time as proof-of-work blocks become less rewarding and coin generation becomes increasingly based on proof-of-stake block generation.
Important: As we are New to the UK Peercoin market we are limiting the amount of PPC we sell each day, until we gain the trust from you, the Buyer. It's important to us and you, that you leave a review of our services so others can have trust in us and enable them to participate in the Peercoin community.Orders received after 10pm GMT will not be processed until the following day.