PeerCoin is a decentralized blockchain cryptocurrency that allow for fast transaction times and lower costs than traditional banking methods. PeerCoins are unique in the fact that they can be minted on any type of device or mined using processor power. Minting is based on PeerCoins that are already owned by the minter, making the process more energy efficient than certain other mining methods. Minting can also net users an extra one percent of PeerCoin annually. PeerCoin believes in a fair distribution method; no insider pre-sales or instant mining is allowed. PeerCoin also has an extensive community network that can be found on social media sites like Reddit, Facebook, YouTube and Twitter; everyone in the community is more than willing to help new users.