What is Pandacoin
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Introduction
A brief introduction:
Pandacoin launched in February, 2014, as a Dogecoin fork with a short Proof-of-Work phase that lasted just three months. Transitioning into Proof-of-Stake shortly after. The project was launched with fairness and the core values of Cryptocurrency in mind: fair, decentralised digital currency without the need of a central authority. As a result, no ICO or premine was conducted over the network.
As of May 17, 2021, Pandacoin performed an important network swap to transition to the Peercoin codebase; offering a plethora of modern upgrades and feature opportunities that bring Pandacoin up to modern Cryptocurrency industry standards. With this upgrade came the reintroduction of Proof-of-Work under the SHA-256d algorithm, with Proof-of-Stake remaining.
What’s happening?
As of May 17, 2021, Pandacoin now lives under the Peercoin codebase. This offers new and improved functionality in multiple areas of the project. Key improvements sit under near instant synchronisation of the Pandacoin Client, and an inflation counter within transaction fees. In addition, the doors have been opened to future development regarding the area of Smart Contracts and Assets built using Pandacoin.
Pandacoin as a digital currency remains a central focus, with the development of useful tools and services coming in efforts to on-board and lower the barrier for entry for both existing stakeholders and newcomers entering the Cryptocurrency space.
Going forward
Development on Pandacoin is constant. Quality of life improvements and usecase are a priority going forward, ensuring developers and stakeholders receive the support they require to both create and interact with the network in a decentralised, open-sourced manner. Any information you may require regarding the project will be found here, on our Wiki.
Last modified 10mo ago
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