Peercoin is a proof-of-stake currency based on some technical aspects of Bitcoin.
Creator - Scott Nadal, Sunny King
Date launched - August 2012
Algorithm - Proof-of-Stake
Peercoin is a proof-of-stake currency based on some technical aspects of Bitcoin. It was designed to provide maximum transaction security while maintaining fast transaction times and a low-resource client. The first proof-of-stake coin to be released, it sparked a debate between algorithms which has remained a contentious issue among the cryptocurrency community. Forks of Peercoin, such as NeuCoin, have continued this trend, while addressing certain security issues which were left in a gray area in the original Peercoin release.