What is Pesetacoin (PTC)?
Future of PTC Cryptocurrency and know how to buy PTC

#1 - What is Pesetacoin

Pesetacoin is among the older cryptocurrencies that has recently been gaining traction especially in the Spanish crypto market, which is also why it is being called the blonde of cryptocurrencies. Pesetacoin is gaining investors because it is emerging as an alternative to Bitcoin in Spain.

Pesetacoin : The Basics

  1. Pesetacoin is a decentralised & open source based blockchain platform that aims to bring back Spain’s old Peseta coin with new technology & limited emission.
  2. The Pesetacoin cryptocurrency is denoted by the symbol PTC. Its total supply is 166 million PTC.
  3. Pesetacoin ICO was launched on 1 June 2014. There was no ICO or premining.

Pesetacoin Development

  1. Pesetacoin was founded by Maria Prieto in 2014. Pesetacoin’s project development changed hands in 2017, soon after which Core v.0.9.0. Al & Electrum Pesetacoin were launched. The team actively organises events to increase user engagement & to increase the coin’s reach.
  2. Nobody holds controlling ownership of the Pesetacoin network.
  3. Pesetacoin team claims to be working on extending the coin’s usability and adoption by merchants (for its adoption as a payment option). It has over 20 merchants on board.
  4. The team also plans to launch Pesetacoin on Android wallet, Prestashop and WooCommerce plugin by 2020. It is already compatible with Android & iOS.
  5. The coin is still in early stages of development as evident from its whitepaper that lacks information about the basic technology & its specifications, but the team has proposed a robust roadmap to grow the Pesetacoin community by getting more merchants & users on board.

 

#2 - Pesetacoin Technology

  1. PesetaCoin uses the Scrypt algorithm to generate 1 block (the value of the block reward is 166,386 PTC) per minute. The blockchain technology also adjusts the difficulty automatically of all blocks through Kimoto Gravity Well.
  2. Transactions on the blockchain are confirmed on the nodes that are controlled by the community. The team in has developed tools & apps for a long term easy & safe transaction mechanism. This provides a payment channel for mainstream merchants. For eg., merchants can accept PTC coins for their goods & services using Presetashop plugin in all their stores.
  3. Pesetacoin uses the Scrypt algorithm & a Kimoto Gravity Well that prevents damage due to multipool mining on various cryptocurrencies. It also retargets difficulty of all blocks and helps keep the mining fair.

Features

  1. All transactions on Pesetacoin’s official website are free of charge & those done through the online wallets are nominally charged.
  2. Transactions on Pesetacoin blockchain circumvent the need for any transaction through cards and lets users transact directly & more quickly in PTC with each other or with companies.
  3. End-to-end encryption of the transactions secures the network and also prevents errors, falsification or duplication of transactions. Moreover, the transactions through Pesetacoin blockchain are irreversible & final.
  4. Users may also conceal their identity as there is no need to reveal personal information for transactions.

 

#3 - How to Buy and Store Pesetacoin?

How to buy Pesetacoin / How to buy PTC

Users can buy the Pesetacoin cryptocurrency either by buying it in exchange for Bitcoin or Ethereum, or in some cases - directly for fiat currency such as Euros. It is available on multiple exchanges like Bittrex, LiteBit, NovaExchange, etc.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the Pesetacoin cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for PTC. This way you can choose the best deal for you!
  2. You can also buy, sell and trade over 300 cryptocurrencies for the PTC crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

Pesetacoin Storage

Pesetacoin can be stored in the Electrum Pesetacoin wallet. This wallet syncs users’ operations quickly in real time & more securely than other wallets because of the use of a random 128-bit seed to produce the private keys. So, even if there is a hardware failure, your Pesetacoin will be safe in the Electrum Pesetacoin wallet. It can also be stored in multiple third party wallets like:

- WebWallet

- Ledger Wallet

- Trezor

 

#4 - What is the future of Pesetacoin ?

Also Read: Complete Analysis of Pesetacoin | Live Pesetacoin (PTC) Price Charts And Predictions

  1. As of June 2018, its market capitalisation stands at $3.5 million USD.

  2. With its increasing accessibility to masses & increasing number of merchants on board, Pesetacoin may be ripe for a strong run in the markets. Pesetacoin prices rose steadily in January to achieve an all time high of $ $0.17 in January 2018 compared to just $0.03 in November 2017.
  3. Some analysts suggest it will eventually grow to $0.09 by 2023

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 01, 2018

0.021159

0.021303

0.019987

0.020827

2,094

2,847,940

Jun 01, 2018

0.029715

0.030284

0.028984

0.030025

5,206

3,987,170

May 01, 2018

0.047171

0.047204

0.044424

0.045676

11,826

6,309,44

April 01, 2018

0.027757

0.028467

0.025854

0.027233

2,782

3,701,230

 

#5 - How is Pesetacoin different from other cryptocurrencies?

Pesetacoin has multiple standout features making it unique from most other cryptocurrencies.

  1. Pesetacoin is nearly 10 times faster than Bitcoin in terms of transactions conducted per second because it has been specially designed to fulfil the needs of Spaniards. It can also confirm transactions in 1 minute as compared to 10 minutes taken by Bitcoin.
  2. The difficulty setting on Pesetacoin blockchain is more evolved than on Bitcoin. It protects against the instant mining by large Multipools.
  3. Pesetacoin has greater accessibility as well, since mining is not possible with the specialized chips, since it is resistant to application-specific integrated circuits (ASIC).



#6 - Should you invest in Pesetacoin / invest in PTC?

  1. Pesetacoin supports the growing gaming community on games like Pernales, the Camel riders, etc. It is also gaining more traction from gamers since the launch of PesetacoinJS, a game on its blockchain.
  2. Pesetacoin is expected to become a day-to-day transaction currency in Spain which can help its community find outlets where Peseta is accepted. This can increase its demand & may also lead to the coin’s mass commercial adoption. However, it may continue to face competition from SpainCoin.
  3. The introduction of plugins for merchants like Pesetacoin-prestashop plugin & “I made this” timestamp system can help boost the coin as it becomes a safe investment vehicle for investors & merchants.
  4. Having said that, the coin has not been able to differentiate itself from its peers despite being in the market for the last 4 years. Its whitepaper also does not share technical details of its implementations, leading many to believe it may another run of the mill coin.
  5. Investors should be extremely cautious before investing in Pesetacoin as it does not offer any unique value proposition as offered by several other cryptocurrencies.
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