# 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.

{% hint style="warning" %}
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.
{% endhint %}

{% tabs %}
{% tab title="⛓️ Native PND (L1)" %}

### At a glance

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden></th></tr></thead><tbody><tr><td><strong>🧬 Consensus</strong></td><td>Hybrid PoW (SHA-256d) + PoS</td><td></td></tr><tr><td><strong>⏱️ Block time</strong></td><td>10 minutes</td><td></td></tr><tr><td><strong>💸 Fee</strong></td><td>Static 10 PND/kb — 100% burned</td><td></td></tr><tr><td><strong>📦 Block size</strong></td><td>1 MB</td><td></td></tr><tr><td><strong>🔁 Throughput</strong></td><td>~8 tx/sec</td><td></td></tr><tr><td><strong>🗓️ Active since</strong></td><td>February 2014</td><td></td></tr></tbody></table>

{% hint style="success" %}
**The key numbers to remember:** 10-minute blocks, 10 PND/kb fee, 100% of fees burned, hybrid PoW+PoS, live since 2014.
{% endhint %}

### Full parameters

| Parameter                 | Pandacoin                               |
| ------------------------- | --------------------------------------- |
| **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

{% tabs %}
{% tab title="vs. Bitcoin" %}

| Feature          | Pandacoin                      | Bitcoin                            |
| ---------------- | ------------------------------ | ---------------------------------- |
| 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                         |

{% hint style="info" %}
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.
{% endhint %}
{% endtab %}

{% tab title="vs. Ethereum" %}

| Feature       | Pandacoin                      | Ethereum                                        |
| ------------- | ------------------------------ | ----------------------------------------------- |
| 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                                       |

{% hint style="info" %}
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.
{% endhint %}
{% endtab %}
{% endtabs %}

### 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.

{% hint style="warning" %}
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.
{% endhint %}

### Hybrid PoW + PoS, explained

| Layer                        | What it does                                                                          | Who runs it                                                          |
| ---------------------------- | ------------------------------------------------------------------------------------- | -------------------------------------------------------------------- |
| **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.
{% endtab %}

{% tab title="☀️ PND on Solana (SPL)" %}

### At a glance

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden></th></tr></thead><tbody><tr><td><strong>🌐 Network</strong></td><td>Solana mainnet</td><td></td></tr><tr><td><strong>🏷️ Standard</strong></td><td>SPL token</td><td></td></tr><tr><td><strong>⚡ Consensus</strong></td><td>Proof-of-History + PoS (Solana's)</td><td></td></tr><tr><td><strong>⏱️ Block time</strong></td><td>~400 ms (Solana slot)</td><td></td></tr><tr><td><strong>💸 Fee</strong></td><td>Paid in SOL (Solana network fee)</td><td></td></tr><tr><td><strong>🗓️ Launched</strong></td><td>April 2026</td><td></td></tr></tbody></table>

{% hint style="info" %}
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).
{% endhint %}

### Token details

| Property             | Value                                                                                                                   |
| -------------------- | ----------------------------------------------------------------------------------------------------------------------- |
| **Network**          | Solana                                                                                                                  |
| **Token standard**   | SPL                                                                                                                     |
| **Contract address** | [`5aKvh7uwKNn5CQcXd5hxKJLp7wR1GE4HcgigvhL3pump`](https://solscan.io/token/5aKvh7uwKNn5CQcXd5hxKJLp7wR1GE4HcgigvhL3pump) |
| **Explorer**         | [Solscan](https://solscan.io/token/5aKvh7uwKNn5CQcXd5hxKJLp7wR1GE4HcgigvhL3pump)                                        |
| **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

<table><thead><tr><th width="200">Venue</th><th></th></tr></thead><tbody><tr><td>🟢 <strong>Pump.fun AMM</strong></td><td><a href="https://pump.fun/coin/5aKvh7uwKNn5CQcXd5hxKJLp7wR1GE4HcgigvhL3pump">PND-WSOL</a> — primary market</td></tr><tr><td>🪐 <strong>Jupiter</strong></td><td><a href="https://jup.ag/swap/SOL-5aKvh7uwKNn5CQcXd5hxKJLp7wR1GE4HcgigvhL3pump">SOL → PND swap</a> — best-price aggregator</td></tr><tr><td>☄️ <strong>Meteora DAMM v2</strong></td><td>PND-WSOL and LPPP-PND pools (secondary liquidity)</td></tr><tr><td>📊 <strong>DexScreener</strong></td><td><a href="https://dexscreener.com/solana/5aKvh7uwKNn5CQcXd5hxKJLp7wR1GE4HcgigvhL3pump">Live charts &#x26; pairs</a></td></tr></tbody></table>

### Native PND vs. Solana PND — side by side

|                       | Native PND (L1)                | PND on Solana (SPL)                              |
| --------------------- | ------------------------------ | ------------------------------------------------ |
| **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               |

{% hint style="warning" %}
**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.
{% endhint %}
{% endtab %}
{% endtabs %}

### References

* **Reference node:** [gitlab.com/pandacoin/pandacoin](https://gitlab.com/pandacoin/pandacoin)
* **Block explorers (L1):** [Chainz.CryptoID](https://chainz.cryptoid.info/pnd/) · [Mainnet](https://explorer.thepandacoin.net/) · [Testnet](https://testnet.explorer.thepandacoin.net/)
* **Solana explorer:** [Solscan](https://solscan.io/token/5aKvh7uwKNn5CQcXd5hxKJLp7wR1GE4HcgigvhL3pump)
* **Whitepaper:** [English](https://pandacoin.tech/whitepapers/pnd-whitepaper.pdf) · [Indonesian](https://pandacoin.tech/whitepapers/pnd-whitepaper-indonesian.pdf)


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