2025-08-29T00:00:00Z
Patchcoin is now a fully decentralized, energy-efficient alternative to Bitcoin.
The claims period has closed after 180+ days, after the final distribution of all remaining unclaimed PTC.
Our development team has fulfilled its promise to freely distribute all 21 million coins with no developer reserves or ICO sales. Anyone who held Peercoin or Bitcoin during the past six months was free to submit an automated claim.
We estimate nearly $8 million USD worth of Peercoin and Bitcoin were used to claim PTC.
There were 975 claims received and delivered to hundreds of holders across the world.
These hundreds of new PTC holders understand that Patchcoin’s advantage over Bitcoin is energy usage. Through proof-of-stake consensus, our network annually uses less energy than just a hundred Bitcoin transactions.
The Bitcoin mining industry has become dangerously centralized. Today, three mining operators control more than 51% of the hash rate. A recent report suggests the United States now controls over 75% of global hash power, with an administration focused on nationalizing companies.
The next Bitcoin halving in 2028 will further worsen the mining centralization problem.
Patchcoin is a superior option but must build a trusted history to be a real alternative to Bitcoin.
Consider running a Patchcoin node, trading for PTC, and joining our forum to become part of a community that builds this trusted history together.
Thank you to @noface for building Patchcoin.
Lastly, one final comparison as a reminder of Patchcoin’s potential:
About Patchcoin:
Patchcoin (PTC) is a Bitcoin alternative using proof-of-stake technology. It is a fixed-supply cryptocurrency with 21 million coins.
- Download: Release Release v0.1.1 · patchcoin/patchcoin · GitHub
- Website: patchcoin.org
- Forum: patchcointalk.org
- Claims: patchcoin.claims
- Block explorer: explorer.patchcoin.org
- Discord: Patchcoin PTC