Peercoin (AKA P2P Coin or PPCoin) is based on the Bitcoin network, and has achieved some of the strongest market capitalization in the world of cryptocurrencies. It was also the first cryptocurrency to utilize a blend of Proof-of-Work and Proof-of-Stake.
This means that the coins are mined via a standard hashing system, but the difficulty of this grows gradually, and users receive coins as a reward courtesy of the PoS algorithm. A user with 1 percent of the digital currency will receive an equal amount of blocks, in a process known as “minting”. The Peercoin team aims to make this the primary system in which new tokens are made.
Generating blocks through a PoS system demands less energy compared to PoW hashes, which are more of a strain on hardware. Peercoin devours less energy over time, and offers higher security due to the hybrid design.
Mining Peercoin with IQMining is a streamlined process for anyone ready to experiment with cryptocurrencies. IQMining is designed to facilitate mining and trading, with up-to-the-minute data available to inform your decisions.