Pepecoin (PEP) and Its Blockchain Ecosystem
2025-02-17
Pepecoin (PEP) is a layer 1 cryptocurrency that exists as its independent blockchain. Unlike many meme coins that rely on Ethereum or Binance Smart Chain, Pepecoin was developed from Dogecoin to leverage its active development and strong mining infrastructure.
This decision allowed Pepecoin to integrate merge mining, making it compatible with Litecoin and Dogecoin miners. The network has no premine, ensuring a fair launch without an initial allocation to developers.
The Origins and Purpose of Pepecoin
Pepecoin was created in response to the growing demand for a cryptocurrency centered around the Pepe meme. Many ERC-20 tokens attempted to fill this niche but faced challenges such as high gas fees, centralized smart contract risks, and instances of developer manipulation.
Source: Pepecoin
One of the most infamous incidents involved the creators of a Pepe-themed ERC-20 token blacklisting wallets and dumping trillions of tokens, causing a market collapse.
The goal behind Pepecoin was to establish a fully decentralized alternative without smart contract dependencies.
By building a blockchain from the ground up, Pepecoin ensures that there is no central authority capable of blacklisting wallets, minting new tokens at will, or controlling liquidity pools.
This approach aligns with the original principles of cryptocurrency, which are decentralization and user empowerment.
Mining and Inflationary Model
Pepecoin uses the Scrypt algorithm, the same as Dogecoin and Litecoin, allowing it to be merge-mined.
Merge mining was activated at block 42,000 and became mandatory at block 100,000, enabling miners from the Litecoin and Dogecoin networks to secure Pepecoin without additional hardware.
This feature significantly strengthens network security by tapping into an established mining ecosystem with a combined hash power of over 800TH/s.
The emission rate of Pepecoin follows Dogecoin’s model, meaning it is inflationary. Each year, approximately 5.256 billion new Pepecoin are introduced into circulation.
However, as the total supply grows, this fixed issuance represents a decreasing percentage of the overall supply, making the inflation rate gradually decline over time.
The system is designed to encourage active usage rather than hoarding, aligning with Pepecoin’s vision of becoming a widely used digital currency.
Read more: PEPE and Shiba Inu's Impact on Altcoin Investments
The Ecosystem and Infrastructure Supporting Pepecoin
From the outset, Pepecoin’s development team focused on building an infrastructure that would support both users and developers. Multiple websites and tools were launched alongside the blockchain to enhance accessibility and adoption.
Source: Pepecoin
Pepecoin.org serves as the official website, providing updates, guides, and resources. PepeExplorer.com allows users to track transactions and verify blockchain activity.
Initially, a mining pool called PepeGuild.com was created to help new miners join the network. However, with the activation of merge mining, this standalone mining pool was discontinued.
Now, Pepecoin relies on larger pools that support merged mining with Litecoin and Dogecoin, ensuring a more secure and distributed mining process.
For wallet solutions, Pepecoin Core is the official software that allows users to send, receive, and store their PEP coins securely. The development team has also worked on compatibility with Ledger for cold storage solutions.
Meanwhile, community-driven initiatives have led to the creation of additional tools, including a Reddit tip bot that enables tipping across all Reddit communities and a Discord bot supporting tipping in over 34,000 servers.
Pepecoin’s Role in the Crypto Space and Future Developments
Beyond being a decentralized alternative to Ethereum-based tokens, Pepecoin has taken steps toward expanding its utility. The network supports inscriptions and ordinals, allowing for the creation of tokens and NFTs directly on the Pepecoin blockchain.
This capability opens the door for Rare Pepe collectors to store and trade digital assets without relying on external smart contracts.
The Pepecoin community has also been actively working toward exchange listings, aiming to establish a widely recognized trading ticker. While discussions are ongoing, the goal is for PEP to be distinguished from ERC-20 tokens that use similar branding.
The preferred designation would separate Pepecoin from PEPEETH, the existing Ethereum-based version, and reinforce its identity as an independent blockchain.
To further drive adoption, Pepecoin offers incentives such as periodic giveaways through the tip.cc’s faucet feature. This initiative allows users to claim free Pepecoin and encourages tipping within the community, fostering organic growth.
The network’s subreddit, r/Pepecoin, serves as a hub for discussions, updates, and new user onboarding, with aspirations to build a million-strong community.
Read more:
Conclusion
Pepecoin sets itself apart from the typical meme coins by operating as a fully independent blockchain.
Built from Dogecoin’s technology, it benefits from merge mining and avoids the centralization risks associated with smart contract-based tokens.
With a dedicated ecosystem that includes mining pools, blockchain explorers, and tipping bots, Pepecoin continues to develop a decentralized and community-driven alternative.
While still in its early stages, ongoing infrastructure improvements and exchange listings will play a crucial role in determining its long-term adoption.
Frequently Asked Questions
What makes Pepecoin different from other meme coins?
Pepecoin is a layer 1 blockchain rather than an ERC-20 token. This means it is not dependent on Ethereum, has no smart contract risks, and benefits from merge mining with Dogecoin and Litecoin.
Is Pepecoin inflationary or deflationary?
Pepecoin follows the same emission model as Dogecoin, making it inflationary. Around 5.256 billion coins are added to the supply each year, but the inflation rate decreases over time as a percentage of total circulation.
Where can I store my Pepecoin?
Pepecoin Core is the official wallet for sending, receiving, and managing PEP coins. There are also plans to integrate Ledger support for secure cold storage.
Investor Caution
While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.
Bitrue Official Website:
Website: https://www.bitrue.com/
Sign Up: https://www.bitrue.com/user/register
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
Disclaimer: The content of this article does not constitute financial or investment advice.
