PPCoin: Peer-to-Peer Crypto-Currency with Proof-of-Stake
2012-08-19
A peer-to-peer crypto-currency design derived from Satoshi Nakamoto's Bitcoin. Proof-of-stake replaces proof-of-work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is
largely non-essential in the long run. Security level of the network is not dependent on energy consumption in the long term thus providing an efficient efficient and more cost-competitive peer-to-peer crypto-currency. Proof-of-stake is based on coin age and generated by each node via a hashing scheme bearing similarity to Bitcoin's but over limited search space. Block chain history and transaction settlement are further protected by a centrally broadcasted checkpoint mechanism.
GitHub (https://github.com/ppcoin/ppcoin)
Wiki (http://en.wikipedia.org/wiki/Peercoin)
Forum (http://www.peercointalk.org/)
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