Proof of Stake pioneer Peercoin continues cross-chain expansion with listing on Polygon’s QuickSwap
SAN FRANCISCO, NEW YORK CITY and THE HAGUE, NETHERLANDS — March 21, 2022 — Peercoin, the original pioneer of Proof of Stake consensus, today announced that it has successfully listed on QuickSwap, Polygon’s leading decentralized exchange protocol.
The debut of Wrapped Peercoin (wPPC) on QuickSwap marks the second in a slate of new listings utilizing Wrapmeister, a custom-built cross-chain bridge software that enables dApp developers to convert Peercoin into ERC-20 tokens for use on EVM-based blockchains. The cross-chain bridge can be found at https://bridge.peercoin.net/.
The first major listing of wPPC previously occurred on Ethereum’s Uniswap in February. This and the new listing on Polygon’s QuickSwap act to introduce wPPC to the broader community of developers and long-term investors seeking an eco-friendly medium of exchange and store of value.
By listing on both Uniswap and QuickSwap, wPPC can be readily swapped with any other ERC-20 token by users of MetaMask wallet. wPPC can be imported into MetaMask with a single click on bridge.peercoin.net or manually by entering the official contract address in the MetaMask settings. Currently the following two contracts exist for wPPC:
Polygon: 0x91E7E32C710661C44ae44D10Aa86135d91C3Ed65 verifiable at https://twitter.com/PeercoinPPC/status/1504176750976286722
Ethereum: 0x044d078F1c86508e13328842Cc75AC021B272958 verifiable at https://twitter.com/PeercoinPPC/status/1488189855528112130
A safe and secure cross-chain initiative is a key part of ongoing efforts by the Peercoin community to broaden access to Peercoin and to increase its usage. In a recent blog article, Peercoin’s Project Lead, Peerchemist, succinctly explained the inherent need: “Each blockchain is an isolated island, but there is an ever-increasing desire to cross-connect them and make them interoperable.”
The 2022 product roadmap for Wrapmeister includes plans to continue expanding the use of wPPC beyond Ethereum and Polygon to other EVM-based blockchains. Developers are closely monitoring the daily use of wPPC and taking community feedback into consideration for the next targeted expansion.
About Peercoin
The Peercoin blockchain network is an open-source decentralized ledger, completely governed by users of the currency. Peercoin (PPC) first came online in 2012, making it one of the earliest pioneering blockchains. The key innovation of Peercoin is its invention of Proof of Stake, an alternative consensus protocol to Bitcoin’s Proof of Work. It is also recognized as a “green blockchain” with low power requirements. As of March 21, 2022, Peercoin had a circulating supply of 27,447,544 PPC with a target inflation rate of 2% per year.
About Peercoin Foundation
The Peercoin Foundation was established with the mission of promoting and supporting the continued education, development, and overall progression of the Peercoin project. The foundation seeks to empower future Peercoin team members by providing the tools necessary to perpetuate Peercoin’s long standing reputation for bringing world-first innovations to the Blockchain. The Peercoin Foundation makes no claims over intellectual property related to Peercoin and the Peercoin project, unless explicitly stated otherwise.
Official Links:
Website – https://www.peercoin.net/
Wrapmeister – https://bridge.peercoin.net/
Twitter – https://twitter.com/PeercoinPPC
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
