Free Peercoin faucets are a reward system, in the form of a web site or app, that dispenses prizes in the form of a peertoshi, that is a hundredth of a millionth PPC, for visitors to claim in exchange for completing a captcha or task as delineate by the web site. There are faucets that dispense different cryptocurrencies. Rewards are distributed at various preset intervals of time. faucets typically offer fractions of a peercoin, however the amount will usually fluctuate in line with the value of peercoin.
Free Peercoin faucets are an excellent way to help introduce new people to peercoin, or to your favourite altcoin. several faucets offer info to newbies as well as offering them some free coins so they can try before they purchase, experimenting with a test transaction or 2 before putting real money on the road. Since this whole space is so new and a small amount scary to some people, who maybe don't quite trust it with their hard-earned money yet, this can be an excellent way to promote digital currency and attract new users.
Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems. Peercoin is based on an August 2012 paper which listed the authors as Scott Nadal and Sunny King. Sunny King, who also created Primecoin, is a pseudonym. Nadal's involvement had diminished by November 2013, leaving King as Peercoin's sole core developer. 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. 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.