What is Peercoin?
Peercoin is a decentralized digital currency that leverages the security of a proof-of-work blockchain while reducing the energy demands of mining through a hybrid proof-of-work and proof-of-stake consensus mechanism. It facilitates peer-to-peer transactions without reliance on a central authority. Peercoin aims to be a sustainable and secure alternative to traditional cryptocurrencies
Highlights
- Hybrid proof-of-work and proof-of-stake consensus
- Reduced energy consumption compared to pure proof-of-work systems
- Decentralized peer-to-peer transactions without a central authority
- Secure blockchain-based architecture
Features
Money Transfer
Peer-To-Peer