Peercoin moves into spotlight with Vault of Satoshi deal

A local face-to-face peercoin exchange is also launching, and efforts are been made to get specialist event organizers to use peercoin as their official currency.

Litecoin's market capitalisation is almost eight times as much, and you could fit peercoin into bitcoin 322 times.

Peercoin is based on the same SHA-256 proof of work mechanism that bitcoin uses, but it is also designed to produce coins in another way: proof of stake.

The hash rate for peercoin mining has been going up.

Will Manglaviti's involvement with peercoin last? He admits that he doesn't know who Sunny King is.

Firstly, King argues that his other coin, primecoin, has a bigger community of developers, and that they will likely contribute to peercoin over time.

King introduced checkpointing in peercoin last year, to help secure it in its infancy.

While King takes care of business at the code level, the peercoin community is also getting things done.

The event is using peercoin as its official currency.

Coinpayments will handle online transactions, and peercoin is also hoping to have a mobile wallet available to support in-person payments.