Peercoin (PPC) is a peer-to-peer coin which was one of the first crypto that used the Proof-of-stake meganism. Its target is to allow crypto to swap with each other in a cheap, fast and, above all, sustainable way.
In 2012, the annonymous Sunny King noticed that Bitcoin was using more and more power to mine Bitcoin. He came up with Peercoin as an alternative.
Peercoin was one of the first with the Proof-of-Stake system. It therefore served as a model for many other coins.
Peercoin was invented to reduce the power consumption involved in transactions.
Peercoin statistics from the last 24 hours
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In 2013, the coin entered the market at €0.20, so the coin still needed time but then shot to the €5.29 per coin mark. This was followed by a decline and the coin returned to the €0.20 mark.
In 2017, Bitcoin got more and more attention at caused a big rise. Peercoin also got attention as a result and rose to the €3.00 mark which followed with a small correction to the €0.99 mark. This followed already with another rapid rise to its all-time high of €6.60 with a quick drop to the €0.15.
Peercoin also profited from the bullrun in 2021. Thus, the coin managed to reach €2.91 which followed a decline to €0.26.