The world-changing advent of
cryptocurrency is just beginning empowering users to send,
receive and store value without needing a bank
or payment provider. However, with so many
Bitcoin copycats popping up, finding real innovation is
more important than ever. Peercoin stands above the crowd
as innovative and unique. Most coins use "Proof
of Work" (or mining) to maintain their networks
and verify transactions. Miners compete fiercely
for block rewards and even pool their computing resources
to gain an advantage. The result is a need
for specialized hardware, ever-increasing power usage
and the trend towards centralization. Peercoin is different. It uses "Proof
of Stake" to maintain its network. Users Verify Transactions and secure the
Network based on the Peercoins they hold. There are no massive mining power-houses
needed to verify transactions. The result is a secure peer-to-peer network in which all computers
can participate equally saving vast amounts of energy
and preventing centralization.
Peercoin gives a 1%
annual reward to users in compensation for
maintaining the network. This encourages saving, making
Peercoin an excellent store of wealth and establishing it as a
stable "backbone" currency. Another aspect of Peercoin
is its smaller blockchain which allows wallets to sync faster; this also makes Peercoin
ideal for future innovations and projects like Peershares. With active developers and a growing
community, Peercoin has a bright future.
Peercoin.
The secure and sustainable cryptocoin. *To learn more, please visit
our website at Peercoin.net and connect with our community
at PeercoinTalk.org*.
