Peercoin has hopefully hit the bottom and got back up running.

Unity here again for iDC inc. Today I'm writing to you about Peercoin also known by the ticker PPC, referred to often as PPCoin.

Having a Market Cap of around $36,500,000USD with 24,696,389 PPC currently in circulating supply. It is a formalized peer to peer cryptocurrency that utilizes a combination of both proof of stake and proof of work systems. 

Peercoin has been around since 2012. It was the world’s very first proof of stake coin released, sharing a lot of the same source coding as well as the technical implementation of Bitcoin itself.  Peercoins development and tools are built on an ecosystem through the peer4commit hub, which is a centralized development portal allowing developers select which projects to work within on the exchange for PPC rewards.  Showing to be stable and secure. In all regards it is a coin that is built to last, providing a fair distribution of coins not allowing insider presales or instant mining. We will touch on the fact that it is an energy efficient coin to mine.

In the process of being more energy efficient as the proof of work mint rate approaches zero it creates less and less incentive to mint proof of work blocks. Within this long term scenario the energy consumption might drop to very low levels as disinterested miners halt the process of mining proof of work blocks. The Bitcoin Network faces the same risks unless the transaction volume/fee gains enough to sustain the energy levels of consumption. Under the design of Peercoin even if the consumption gets close to zero the network is still under protection by proof of stake. The team will call for a cryptocurency long term energy efficient protocol if the consumption of energy within the proof of work is allowed to decrease to zero.

This coin allows an option to run full peercoin mode in just seconds using peerbox services. This is thanks the lightweight operating system solution which is powering this market venture. This coin will even work for less expensive mining units such as raspberry pi and other developer boards that are similar. You can also earn 10 PPC Tip by creating a Peercoin node on a Raspberry Pi here. PPC Also formalized a design where proof-of-stake is set to create the security model of a peer-to-peer cryptocurrency and part of its minting process, whereas proof-of-work mainly facilitates the initial part of the minting process and gradually reduces its significance. This design attempts to demonstrate the viability of future peer-to-peer crypto-currencies with no dependency on energy consumption.

Within this hub users can also contribute by donating PPC, which is also an interesting concept in itself. With this function a user could submit a project and also solicit funds through donations in support of their projects development in the future. This ties the community into the development of a cryptocurrency.

Unlike bitcoin, Namecoin, and Litecoin, Peercoin does not have a hard limit on the number of possible coins, but is designed to eventually attain an annual inflation rate of 1% earning holders 1% per annum. this coin utilizes a feature that is known as a checkpointing system. Checkpointing is a feature is not mandatory, though it is a safety feature that helps protect the network with protection from double spend attacks. Also this function helps in allowing future upgrades of the protocol to run smoother. 

PPC  warns of a fake website, ppc-wallet.com, with reports going back to 2014, this site is still active. So be extremely careful to only utilize official wallet services.

Peercoin currently is accepted by a small number of merchants. Unfortunately not many have not opted to do so at this time. A list we found is available here. Its stated that the “transaction timestamps will be removed to make currency more compatible with bitcoin services" which would open the vast possibilities of other services accepting this coin, such as Circle Pay, PayPal, and any other online services that utilize a payment program "when" Bitcoin and other cryptocurrencies are integrated into more payment systems.

Peercoin imposes High minimum transaction fees in order to discourage clogging the blockchain with multiple smaller transactions which would congest the process, in order to maintain faster speeds as well as a smaller footprint for the blockchain data itself. (Fixed to 0.01 PPC, equal to $0.015USD at the time of writing.)

PPC is actively still being developed within its team. In the soon to come road ahead we are told to look forward to a multi signature minting protocol support system. Be on the lookout for Payment Channels in the upcoming future, as well. Though do not expect this any sooner than late 2019. The developers are currently working on Peer Asset Solutions, which will allow the ability to create new cryptocurrency assets on top of peercoin, It  is also set to reduce the node requirements and employ a Pay-to-Tag-Hash system. These developments will bring direct competition to other coins like Ethereum, NXT, Counterparty, Omni, and many other parties that are active in the aspect of asset creation. 

Please take a moment and check over our chart below for a point of referance if you are bullish on Peercoin, yourself.

https://www.tradingview.com/chart/PPCBTC/cNWSFqMs-Peercoin-PPC-bullish-stance/

For your own further analasis please check their white-paper (https://peercoin.net/assets/paper/peercoin-paper.pdf) 

Their website is available here. (https://peercoin.net/)

Forum - http://www.peercointalk.org
Reddit - http://www.reddit.com/r/peercoin/
Facebook - https://www.facebook.com/Peercoin
Twitter - https://twitter.com/peercoinppcDiscord - https://discordapp.com/invite/m294ReV Coin Market Cap - (https://coinmarketcap.com/currencies/peercoin/#charts)
What is peercoin (https://www.youtube.com/watch?time_continue=2&v=7tra0vmparI)Intro to peercoin (https://www.youtube.com/watch?v=A2jx1TlkMBs)