Peercoin is a Peer-to-Peer cryptocurrency derived from Satoshi Nakamoto-san’s bitcoin and launched in 2013. It’s the first cryptocurrency to combine the Proof-of-Work with the Proof-of-Stake algorithm, which generated a lot of enthusiasm in the cryptocommunity. This was because Proof-of-Stake the network is hacker-protected and less stressful for computers. The number of coins that can be issued is infinite compared to bitcoin, which has a limit of 21 million. The infinite limit is offset by a steady annual inflation rate of 1%. Besides PPC mining there is also the possibility to mint Peercoin. The minting earns about 1% per year, which is a separate reward for coins that you can collect via standard PoW hashen. Coins stored in your wallet are eligible to be issued after a period of 30 days, and the more you mint coins, the more chances you have of earning additional PPC. For minting is specific hardware is needed, but minting can be done on practically any device.
In vain, Peercoin belongs to far-reaching glory. This is partly due to the enormous growth in new technologies in the blockchain and improved cryptocurrency variants.