Primecoin (XPM) is a First non-hashcash proof-of-work in cryptocurrency, and peer-to-peer open source cryptocurrency that implements a scientific computing proof-of-work system. Primecoin’s proof-of-work system searches for chains of prime numbers.It is pure prime number based proof-of-work and a form of digital currency secured by cryptography and issued through a decentralized mining market. Primecoin was created by software developer Sunny King (who also developed the cryptocurrency PPCoin) in July 2013. Primecoin was inspired by Bitcoin, and it shares much of the source code and technical implementation of Bitcoin. The Primecoin source code is distributed under a conditional MIT/X11 software license.
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