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People like to get more for their money, and when buying wikipedia today's exchange rate people can get more Litecoins than Bitcoins. Wikipedia article is of interest to the following WikiProjects:. People just buy it because they assume that its value will rise? Mixing reinvented for your privacy Ppcoin Mixer. WikiProject Numismatics numismatic articles. Some authors [15] [16] argue that proof-of-stake is not an ideal option for a distributed consensus protocol. I bitcoin going to go ppcoin the company, products and compensation plan so you can make bitcoin right decision.
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Barely anyone cares about anything further than his wallet size. I think I'll remove it. PeerAsset protocol based assets can be utilized to represent any type of asset like bonds or equity. Cryptocurrencies without Proof of Work. Take your first steps to becoming a full-fledged Bitcoiner today! On the downside, Bitcoin alternatives are not universally accepted at all exchanges, so mining an unpopular currency may simply waste your time and money. Bitcoin Games is a provably fair gaming platform that allows you to play with test tokens or actual Bitcoins.
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Hard bitcoin or inflation? How to Buy Litecoin. It can both ppcoin and receive its respective coin. Your address is linked to this private key. Views Read View source View history. Wikipedia favorite is GUIminer, although it takes some tweaking before it will provide optimized hash rates.
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Meaning, even a capped monetary base can still experience inflation or deflation when velocity changes. There are parts of this article that are not backed up with reliable secondary sources, such as news articles. These sections may be correct, but in order to establish verifiability there needs to be better sourcing. That means replacing citations on material referenced by forum posts not at all reliable or verifiable in most cases , links to youtube videos find the textual sources the video is using, and base content on that or links to bare repositories of information such as block explorers and exchanges drawing conclusions from these is often original research.
I started by tagging the article and removing the youtube citation, next I am going to start removing the forum posts if acceptable alternatives cannot be found. That simply does not make sense. Probably whoever put that remark in wanted to say that the absolute value loss is proportional to the number of coins the user has, but that's a common trait of inflation and not worth mentioning.
But as written, the claim is completely nonsensical it would mean that if you sell or spend your coins, the party accepting your coins would first check how many coins you hold, and give you the less for your coins the more of them you have.
It is quite non-sensical because the inflation rate is a percentage I think I'll remove it. I was trying to confirm information e. It confirms quite a bit of non-reliably-sourced info from the Wikipedia article, but it became clear that it was verifying it too exactly, and in fact seems largely based on the December version of the Wikipedia article just prior to Voice of Russia article's publication.
It credits Wikipedia as the source for the Peercoin logo. Just wanted to give a heads up in case someone cites the VoR article as a reliable source in the future; personally I would not consider it reliable. I considered these sources on Peercoin not reliable, but some would disagree:. It brings clutter, and Peercoin will not be called P2P coin in the future.
I see very little reason to keep it on the page. Give one argument for why it should stay. This article cites, in many places, a self-published paper by Sunny King. His paper demonstrates that he lacks a deep understanding of the Bitcoin protocol. In this Wiki article, it is noted that. Checkpoints have never been used for consensus. They are used for dos protection according to gmaxwell: The bitcoin mainchains has never been effected by the checkpoints, while peercoins blockchain uses automatic centralized checkpoints as consensus: Breadblade , I believe the Peercoin author, along with coindesk, along with the Peercoin Github FAQ, along with the Peercoin source code itself stating that it has centralized checkpointing is beyond sufficient evidence that peercoin has consensus controlled by Sunny King.
It even says so later on in the wiki "but ultimately concluded that a centralized solution was acceptable until a distributed solution became available. The Peercoin peer-to-peer network is regulated by Sunny King. I've read that Peercoin has an infinite possible cap, making it worthless. I can't find any information anywhere on the "Maximum possible" and so I am thinking this is true.
Does anyone have any information on this we can add to the article? From Wikipedia, the free encyclopedia. This page was nominated for deletion on 3 January UTC. The result of the discussion was keep. This article is of interest to the following WikiProjects: WikiProject Cryptography Cryptography articles Cryptography portal.
Business and economics portal. Retrieved from " https: Views Read Edit New section View history. This page was last edited on 3 July , at By using this site, you agree to the Terms of Use and Privacy Policy.
This article is of interest to the following WikiProjects:. WikiProject Cryptography Cryptography articles. Older and larger sets of coins have a greater probability of signing the next block.
However, once a stake of coins has been used to sign a block, they must start over with zero "coin age" and thus wait at least 30 more days before signing another block. Also, the probability of finding the next block reaches a maximum after 90 days in order to prevent very old or very large collections of stakes from dominating the blockchain.
This process secures the network and gradually produces new coins over time without consuming significant computational power. Another form of staking is running a masternode [9]. The term masternode applies to any cryptocurrency which allows the decentralized use of servers, that can generate an income to the owner. The main disadvantage of a masternode is the often relatively high entry point as opposed to staking alone.
In order to secure the network, those willing to run a masternode are required to purchase a certain number of coins as collateral for whatever the market price is at the time. Some coins, such as Dash or PIVX, have a set cost for a masternode, while other currencies such as Divi offer a multi-tiered masternode system, with different levels of increasing awards [11]. Proof of Stake currencies can be more energy efficient than Proof of Work, which mainly relies on energy use.
The incentives of the block-generator are also different. Under Proof-of-Work, the generator may potentially own none of the currency they are mining. The incentive of the miner is only to maximize their own profits. It is unclear whether this disparity lowers or raises security risks. Some authors [15] [16] argue that proof-of-stake is not an ideal option for a distributed consensus protocol. One problem is usually called the "nothing at stake" problem, where in the case of a consensus failure block-generators have nothing to lose by voting for multiple blockchain-histories, which prevents the consensus from ever resolving.
Because there is little cost in working on several chains unlike in proof-of-work systems , anyone can abuse this problem to attempt to double-spend in case of blockchain reorganization "for free". Statistical simulations have shown that simultaneous forging on several chains is possible, even profitable. But Proof of Stake advocates believe most described attack scenarios are impossible or so unpredictable that they are only theoretical.
From Wikipedia, the free encyclopedia. This article may rely excessively on sources too closely associated with the subject , potentially preventing the article from being verifiable and neutral. Please help improve it by replacing them with more appropriate citations to reliable, independent, third-party sources.
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