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Peercoin Officially Adopts Taproot upon Attaining 90% On-chain Consensus

THE HAGUE, Netherlands and SAN FRANCISCO, CA – The Peercoin Foundation announced on November 18th, 2023 that the Peercoin v0.12 protocol upgrade (Codename Ladybug) has been successfully activated as a hard fork upon attaining 90% block producer support over the last 1000 blocks. The v0.12 upgrade is an important protocol upgrade for Peercoin, the original Pioneer of Proof-of-Stake.

As previously announced by the Peercoin developers on February 3rd, the release of Peercoin v0.12 adopts the latest developments in the blockchain space, namely Schnorr signatures and Taproot, both of which will make Peercoin more scalable and its transactions cheaper and far more flexible, while enabling developers to implement more complex functionalities.

If you are a minter (staker), or a user of the core reference wallet, go to peercoin.net and download the latest version. You can earn 3-5% annually by staking with your Peercoin. Here is a quick staking video tutorial to help get you started. If you have any questions, just stop by the community Telegram or Discord and ask. Community would be happy to help.

About Peercoin

Peercoin is the original Proof-of-Stake blockchain. It is an 11-year old, fairly distributed, open-source, and community-driven project. Peercoin is designed around the concepts of energy and economical sustainability, both made possible by its innovation of Proof-of-Stake consensus.

Peercoin is a peer-to-peer protocol in the truest sense because, unlike most blockchains, all coin owners have the power to run a full node, produce blocks, and earn peercoin as a reward. Proof-of-stake is used for Peercoin’s blockchain security, while proof-of-work is only used to distribute new coins for the purpose of creating a wider distribution. 

About Peercoin Foundation

Development of Peercoin v0.12 and other projects are sponsored by the Peercoin Foundation, a non-profit organization established in 2018 with the mission of promoting and supporting the continued development and overall progression of the Peercoin project.

The Peercoin Foundation is sponsored solely from community donations. Please donate to the Foundation to enable it to help improve the general Peercoin ecosystem.

Official Links:

Website – https://www.peercoin.net/

Twitter – https://twitter.com/PeercoinPPC
Blog – https://www.peercoin.net/blog/

Forum – https://talk.peercoin.net/

Telegram – https://telegram.me/peercoin

Discord – https://discord.gg/m294ReV

Foundation – https://www.peercoin.net/foundation


Contact Information:

Email: foundation@peercoin.net 


Disclaimer: The information contained in this press release is for information purposes only and does not constitute investment advice or a solicitation to purchase or invest. The price of Peercoin can be extremely volatile and can fluctuate rapidly in response to market conditions. Before making any investment decisions, you should carefully consider your investment objectives, level of experience, and tolerance for risk.