Peercoin PPC to Hydro HYDRO Exchange

Crypto Pair Details: PPC to HYDRO

Peercoin PPC

The Peercoin network activated in 2012 and is one of the first cryptocurrencies to ever be released. It is responsible for inventing proof-of-stake consensus, which makes it the first efficient and sustainable public blockchain technology. Peercoin was inspired by bitcoin, and it shares much of the source code and technical implementation of bitcoin. The Peercoin source code is distributed under the MIT/X11 software license. Unlike bitcoin, Namecoin, and Litecoin, Peercoin does not have a hard limit on the number of possible coins, but is designed to eventually attain an annual inflation rate of 1%. There is a deflationary aspect to Peercoin as the transaction fee of 0.01 PPC/kb paid to the network is destroyed. This feature, along with increased energy efficiency, aim to allow for greater long-term scalability. With the same encryption algorithm as Bitcoin (SHA-256), Peercoin is 100 times more energy efficient. Transactions in the Peercoin network are faster and cheaper. If there were not fierce competition on the cryptocurrency market, Peercoin would probably have long since become one of the most important cryptocurrencies. But in 2014 and 2015, however, there were many other interesting innovations in the cryptocurrency market that outperformed peercoin in a number of important properties. In contrast to DASH, Peercoin could not offer anonymity and the transactions in Dogecoin were even faster and cheaper than those of Peercoin. PoS technology ceased to be an advantage of peercoin and PoS continued to spread to other cryptocurrencies. The interest of the users drew it to the side of the minings on the CPUs and GPUs, then to the side of the Smart Contracts and PPC began to get a little forgotten. The Peercoin Team believes that adapting blockchains for wide scale use only through on-chain transactions will negatively affect the decentralization level and security of the network over time, therefore we choose to develop the Peercoin blockchain as a base layer settlement network with a sole focus on securing all forms of value recorded into the chain. This can be accomplished through Peercoin's philosophy of preserving and maximizing decentralization (which increases security) by developing the majority of features and technologies on top of the blockchain, rather than directly into the blockchain protocol itself. Thus the Peercoin Team focuses on developing second layer protocols and sub-networks that can interact with the base layer blockchain to adapt it for wide scale use and improve functionality such as tokens, smart contracts and high speed low cost transaction processing. In this way, Peercoin will act as a secure and censorship resistant base layer for the future blockchain connected world.

Hydro HYDRO

Hydro enables new and existing private systems to seamlessly integrate and leverage the immutable & transparent dynamics of a public blockchain to enhance application and document security, identity management, transactions, and artificial intelligence. Hydro enables developers to seamlessly deploy blockchain in their existing applications, without the need to create expensive infrastructure. If you are building a fintech app in investing, savings, or insurance, Hydrogen is already leveraging the Hydro blockchain technology. Through the Hydrogen API, you can build a blockchain application without being a blockchain developer. The proposed technology is called “Raindrop” - a transaction performed through a smart contract that validates private system access publicly, and can complement existing private authentication methods. The technology is intended to provide additional security for sensitive financial data that is increasingly at risk from hacking and breaches. Initial implementation of the Hydro Raindrop is performed on the Hydrogen API Platform. This modular set of APIs is available to enterprises and developers globally to prototype, build, test, and deploy sophisticated financial technology platforms and products. The Hydro Raindrop will be made available to the world developer community as open source software, to allow developers to integrate the Hydro Raindrop with any REST API.

SOURCE: COINGECKO

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