Technical Specification
Technical Specification
Pandacoin exists in two forms, and they are not the same thing:
Native PND — the Layer-1 blockchain launched in 2014. Mined, staked, self-custodied in the official wallet. This is the canonical Pandacoin.
PND (SPL) — a token on the Solana network deployed in 2026 for wider access and DEX liquidity. Runs on Solana's consensus, not Pandacoin's.
These tokens live on separate networks and are not automatically interchangeable. A native PND balance on the Pandacoin L1 is not the same as PND on Solana, and sending between them requires a bridge or swap service — not a direct transfer.
At a glance
🧬 Consensus
Hybrid PoW (SHA-256d) + PoS
⏱️ Block time
10 minutes
💸 Fee
Static 10 PND/kb — 100% burned
📦 Block size
1 MB
🔁 Throughput
~8 tx/sec
🗓️ Active since
February 2014
The key numbers to remember: 10-minute blocks, 10 PND/kb fee, 100% of fees burned, hybrid PoW+PoS, live since 2014.
Full parameters
Launch
February 2014
Codebase
Peercoin (since May 2021 upgrade)
Consensus
Hybrid Proof-of-Work + Proof-of-Stake
PoW algorithm
SHA-256d
Block time
10 minutes (target)
Block size
1 MB
Transaction fee
Static — 10 PND/kb
Fee handling
100% burned (removed from supply)
Throughput
~8 transactions / second
OP_RETURN data limit
256 bytes
Supply model
Unlimited issuance, offset by fee burn
Distribution
PoW block rewards + PoS block rewards
Initial offering
None — no premine, no ICO
Primary use case
Peer-to-peer payments / store of value
Smart contracts
Supported (via Peercoin-based codebase)
How Pandacoin compares
Consensus
PoW + PoS hybrid
PoW only
Active since
2014
2009
Fee model
Static 10 PND/kb, burned
Dynamic fee market, paid to miners
Throughput
~8 tx/sec
~7 tx/sec
Block time
10 min
10 min
Block size
1 MB
1 MB
OP_RETURN limit
256 B
80 B
Supply cap
Unlimited (fee-burn deflation)
21 M hard cap
Distribution
PoW + PoS rewards
PoW reward
Pandacoin is deliberately Bitcoin-like in the fundamentals (block time, block size) but swaps the economic model: fees get burned instead of paid to miners, and PoS lets regular users help secure the chain without mining hardware.
Main use case
Payments / store of value
Turing-complete smart contracts
Consensus
PoW + PoS hybrid
PoS (since The Merge, 2022)
Active since
2014
2015
Fee model
Static 10 PND/kb, burned
Dynamic gas market, partially burned (EIP-1559)
Throughput
~8 tx/sec
~25 tx/sec (L1)
Block time
10 min
~12 sec
Block size
1 MB
Dynamic
Distribution
PoW + PoS rewards
ICO + PoW → PoS rewards
Supply cap
Unlimited (fee-burn deflation)
Unlimited
Both chains burn some portion of fees, but Pandacoin burns 100% while Ethereum burns only the base-fee portion (EIP-1559). Pandacoin isn't trying to be a smart-contract platform — it's a payments chain first, contracts second.
Why a static fee?
Most chains use a fee market, where users bid for block space and the highest payers get in first. Pandacoin goes the other direction:
Fee: 10 PND/kb, burned. No bidding, no surge pricing, no MEV incentive.
Why burn? Because miners and stakers earn block rewards only. Fees aren't income — they're a tax on block space usage that gets destroyed.
The result: every transaction permanently removes a small amount of PND from supply, creating deflationary pressure that offsets block-reward inflation.
Because the fee is static, sending a transaction costs the same whether the chain is idle or busy. There's no "speed up your transaction by paying more" — block inclusion is first-come, first-served.
Hybrid PoW + PoS, explained
Proof-of-Work (SHA-256d)
Produces blocks, secures the chain against attackers with real-world energy cost
Miners with ASIC or GPU hardware
Proof-of-Stake
Produces blocks too, distributes rewards to coin holders, keeps decentralization high
Anyone holding PND with their wallet online and unlocked for staking
Both layers run concurrently. A block can come from either. This gives Pandacoin the security profile of a PoW chain without locking out regular users from block production.
At a glance
🌐 Network
Solana mainnet
🏷️ Standard
SPL token
⚡ Consensus
Proof-of-History + PoS (Solana's)
⏱️ Block time
~400 ms (Solana slot)
💸 Fee
Paid in SOL (Solana network fee)
🗓️ Launched
April 2026
The Solana token is an SPL token — a standard Solana asset, not an independent chain. Its consensus, block times, and fees are Solana's, not Pandacoin's. It exists to make PND accessible inside the Solana ecosystem (wallets, DEXes, aggregators).
Token details
Network
Solana
Token standard
SPL
Contract address
Explorer
Launch platform
Pump.fun (graduated to AMM)
Fee asset
SOL (native Solana fee, not PND)
Transfer speed
Sub-second — inherits Solana's ~400 ms block time
Smart contracts
Full Solana program interop (DEXes, aggregators, vaults)
Where to trade
🟢 Pump.fun AMM
PND-WSOL — primary market
🪐 Jupiter
SOL → PND swap — best-price aggregator
☄️ Meteora DAMM v2
PND-WSOL and LPPP-PND pools (secondary liquidity)
📊 DexScreener
Native PND vs. Solana PND — side by side
What it is
Independent Layer-1 blockchain
Token issued on Solana
Launched
2014
2026
Consensus
PoW + PoS (own chain)
Solana's PoH + PoS
Block / slot time
10 minutes
~400 ms
Transaction fee
10 PND/kb, burned
Paid in SOL to Solana validators
Wallet
Official Pandacoin wallet
Any Solana wallet (Phantom, Solflare, Backpack…)
Mining / staking
Yes — PoW miners + PoS minters
No — it's a token, not a chain
Governed by
Pandacoin network rules
Solana network rules + SPL program
The two are not a 1:1 mirror. Moving value between native PND and Solana PND requires a bridge, swap, or exchange — there is no built-in atomic link between the two. Always confirm you're sending to the right network before a transfer.
References
Reference node: gitlab.com/pandacoin/pandacoin
Block explorers (L1): Chainz.CryptoID · Mainnet · Testnet
Solana explorer: Solscan
Whitepaper: English · Indonesian
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