The main goal of the Peercoin was to alleviate the exorbitant amount of electrical energy required to power the bitcoin network. Peercoin's emphasis on a hybrid approach to mining is a key difference when compared to bitcoin's structure. At its core, Peercoin is essentially a form of digital money that uses blockchain technology to maintain an easily accessible public ledger containing all transactions. Peercoin's developers decided upon a hybrid approach of proof-of-stake and proof-of-work when designing their altcoin, based on a modified version of bitcoin's codebase. Symbol: PPC (Source: Lifewire)
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