PPCoin (PPC) or PeerCoin is another Bitcoin-derived cryptocurrency. It is known as the first digital currency that is based on an implementation of a combined proof-of-stake (PoS) and proof-of-work system (PoW). Recently, Peercoin is the considered the 5th largest cryptocurrency in terms of market capitalization estimates.
Features of PPCoin (PPC)
- Peercoin does not have a hard limit on the number of possible coins that will be produced. However, it is designed to eventually attain a rate of 1 % as an annual inflation rate.
- Its major distinguishing feature as mentioned is its proof-of-stake/proof-of-work hybrid system. Given this, new coins are generated based on the holdings of individual. It made making monopoly in mining more costly as well as separates the risk of monopoly with proof-of-mining-shares.
- The proof-of-stake method of generating coins requires very minimal energy consumption.
- It has a protocol defined transaction fee of currently 0.01 PPC. The fee is fixed at a protocol level and does not go to the miner, but destroyed instead. This is intended for three main reasons: offset inflation, self-regulate transaction volume, and stop the network spam.
PPCoin (PPC) Gambling
Established in 2012, PPCoin is one of the most popular alternative cryptocurrencies. Conversely, PPCoin Gambling might sound new to you. Unlike other digital coins, not many online gambling sites support PeerCoin as payment method. One of the reasons might be the fixed transaction fee.
On the other hand, just like any other cryptocurrency, PPCoin (PPC) Gambling brings advantages of convenience. It provides anonymous, speedy, easy, and safe financial transactions to its users. In just few seconds, you can be assured of almost instant deposit and withdrawal since it uses peer-to-peer technology, which is obviously emphasized in its name.
The following are the online gambling sites that support PPC:
- Satoshi Roulette – is a cryptocurrency casino that supports PPCoin as a payment method. It offers casino games such as Roulette, Sic Bo, Hi/Lo Jackpot Dice, Mini Dice, Coin Flip, Slot Machines, and others.
- Bit777 – It is one of the most popular cryptocurrency casinos that offer various casino games from Roulette, Blackjack, Baccarat, Slots, Craps, Sic Bo, and more.
Betting with PPCoin is not at all different with Bitcoin gambling. Everything is the same, from getting a virtual wallet up to acquiring some PPCs in trading markets. BTC-E is the most popular trading market that offers PeerCoin trades with US dollars. Furthermore, processes in terms of deposit and withdrawal are simple and fast. In just one click, you can fund your player’s account, bet, play, and earn.
Definitely, as alternative cryptocurrencies soar up high, you can sure expect that PPCoin (PPC) Gambling will be ubiquitous in the long run.