Everything you wanted to know about PoS: history, problems and solutions
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Peercoin News
Peercoin (PPC) can be explained as an attempt at an alternative to Bitcoin that gets rid of the excessive amount of energy required to support the network.
At its core, Peercoin is very similar to Bitcoin in that it is a form of digital money that uses Blockchain to maintain all transactions. However, the Proof-of-Work concept used by most digital currencies requires a lot of power to add new blocks to the Blockchain. The Proof-of-Stake concept was made to fix this problem. Instead of using a power-hungry mining process, the staking process selects nodes based on how many coins are being held in an individual's virtual wallet.
This innovative concept-based cryptocurrency grew very fast, becoming the third largest cryptocurrency in the world in 2013. Today, however, Peercoin is currently ranked 202nd on CoinMarketCap.
Dogecoin was the sensation of January. Litecoin this week feels quite sure, DASH has strong positions, ETH faces a remarkable volatility, while Peercoin stays strong.
1768Litecoin for some moments returned to the previous level. DASH price surely and quietly grows, but Peercoin and Dogecoin are falling.
822The behavior of Litecoin is very interesting. Dogecoin grew more than three times in four days. Peercoin suddenly developed vigorous activity.
1075Dispersal of the ETH price recalls the behavior of a locomotive without brakes while Dogecoin keeps its position in the top ten on the Poloniex exchange.
1132Daily Altcoin Price Analysis by Frederic Racine
1093A week of success for Dogecoin, DASH makes tremendous jumps and falls, ETH showed a constant growth but Neu can’t find support.
991While most of altcoins move slowly, Dash price has made a dramatic jump by 70% in a day.
855Altcoin price analysis by Frederic Racine: Litecoin, DASH, Dogecoin, ETH, Peercoin, Neucoin.
800Cryptocurrency price analysis by Frederic Racine on Cointelegraph.
707Altcoin price analysis by Frederic Racine: what’s happening with other cruptocurrencies while Bitcoin is facing problems.
748Excellent moves of Litecoin and Peercoin prices, the triumph of DASH, Dogecoin and ETH, and a deep depression of Neucoin
1352Peercoin is often called the third cryptocurrency after Bitcoin and Litecoin. Even though its price falls it always finds power to rise.
6481Altcoin price analysis by Frederic Racine: Litecoin, DASH, Dogecoin, ETH, Peercoin, Neucoin
780Daily Altcoin price analytics by Frederic Racine on Cointelegraph: long holidays rule the cryptocurrency price.
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