Peercoin is the first proof-of-stake coin, which means it doesn’t require massive computing power to secure the network. The inflation rate is constant and lowering. After Peercoins are held for 30 days, they are eligible to earn a 1% annualized reward. When the entire money supply grows due to the minting process, all Peercoin holders who participate in minting maintain their relative share of the network. Transactions are processed almost immediately via Peercoin’s blockchain technology. A block explorer instantly verifies an incoming payment.