Peercoin is a Bitcoin derivative cryptocurrency.
Sunny King and Scott Nadal first introduced Peercoin in August 2012. Zachary Burt founded Peercoin in July 2013. The blockchain is known as an early pioneer and creator of proof-of-stake consensus protocols. Proof-of-stake allows Peercoin to avoid electricity consumption costs, and allows any network to to participate with the security processes. Coin owners are stakeholders, and are responsible for producing new blocks, securing the chain, and deciding future implementations through protocol voting.