The Hague, Netherlands (November 18, 2021) — On November 1st, Peercoin, the first green cryptocurrency and original inventor of proof-of-stake consensus, successfully performed a hard fork to v0.11 (Codename Tardigrade), a major technical upgrade that paves the way for a number of innovations to the Peercoin network.
With the hard fork to v0.11, Peercoin has adopted a major change to its network through the removal of the transaction timestamp. The timestamp was a unique part of Peercoin’s protocol which did not exist in Bitcoin. However, its inclusion back in 2012 consequently rendered Peercoin incompatible with a large number of tools, services, and infrastructure primarily developed for Bitcoin. Integrating Peercoin with these tools and services had required additional time and effort to be spent on complex workarounds to support the timestamp feature.
The removal of the transaction timestamp from the protocol has effectively eliminated Peercoin’s incompatibility issues, making it much easier for developers to integrate with existing infrastructure such as Rosetta, Lightning Network, Atomic Swaps, DeFi, DEXes, and much more. This change has opened up Peercoin to a number of new opportunities for future developments and integrations.
Since the hard fork, Peercoin has put out a number of encouraging news items. Donations to the Peercoin Foundation have surpassed 200,000 peercoins with the fund now sitting comfortably at 220,000 peercoins. In addition, the foundation made two new hires, one developer to improve the Peercoin mobile wallet on iOS/Android, and another developer to port btcd to Peercoin. The Peercoin Foundation is stepping up its hiring in an effort to integrate with technologies and infrastructure that will have a beneficial impact on Peercoin’s ecosystem.
For more information about Peercoin, please visit the website at https://www.peercoin.net/.
The Peercoin blockchain network is an open-source decentralized ledger, completely governed by users of the currency. Peercoin (PPC) first came online in 2012, making it one of the earliest pioneering blockchains. The key innovation of Peercoin is its invention of proof-of-stake, an alternative consensus protocol to Bitcoin’s proof-of-work. It is also recognized as an eco-friendly technology with low power requirements. As of November 18, 2021, Peercoin had a circulating supply of 27,242,205 PPC with a target growth rate of 1% per year.
About Peercoin Foundation
The Peercoin Foundation has been established with the simple mission of promoting and supporting the continued education, development, and overall progression of the Peercoin project. We seek to empower future Peercoin team members by providing the tools necessary to perpetuate Peercoin’s long standing reputation for bringing world-first innovations to the Blockchain. The Peercoin Foundation makes no claims over intellectual property related to Peercoin and the Peercoin project, unless explicitly stated otherwise.
Website – https://www.peercoin.net/
Twitter – https://twitter.com/PeercoinPPC
Forum – https://talk.peercoin.net/
Telegram – https://telegram.me/peercoin
Discord – https://discord.gg/m294ReV
Donation – https://www.peercoin.net/foundation
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