Pepecoin ($PEP) is a Proof of Work (PoW) blockchain based on the Scrypt algorithm. It has the following features:
1 Decentralization: There is no single entity controlling the network, and all nodes follow the same consensus rules to ensure the transparency and fairness of the blockchain.
2 Low transaction fees: Due to its low energy consumption PoW mechanism and efficient transaction processing speed, Pepecoin provides very low transaction fees, less than one cent, suitable for daily use.
3. Fast transaction confirmation: Pepecoin's transaction processing speed is very fast, usually only takes about 1 minute to complete the confirmation.
4. Mergeable mining: Pepecoin uses merged mining with Litecoin and Dogecoin, which means that users can mine all three cryptocurrencies at the same time, thereby increasing miners’ profits and the security of the network.
5. Open source code: Pepecoin's source code is completely open to the public. Anyone can view, audit and contribute to the code to ensure the transparency and security of the project.
