By 
THE HAGUE, Netherlands and SAN FRANCISCO, California — January 30, 2025 — The Peercoin Foundation today announced the successful implementation of the ROAST protocol, a key piece of infrastructure that enables off-chain transaction organization with on-chain settlement, maintaining the Foundation’s ongoing mission to pave the way for Peercoin layer two.
ROAST (Robust Asynchronous Schnorr Threshold signatures) is a cryptographic scheme that allows large groups of hundreds or thousands of participants to collaboratively sign a transaction off-chain, with only the final result being recorded on-chain. This approach reduces network congestion, lowers costs, and improves efficiency while providing better privacy than on-chain solutions.
The ROAST protocol is one of the essential components of a larger technical stack being built around the cross-platform Peercoin Flutter Wallet. Specifically, implementation of the ROAST protocol directly allows for the formation of staking pools, federalized cross-chain bridges, side-chains and distributed Oracles. The overarching goal is to create an infrastructure based on the Peercoin Flutter Wallet, which would enable private off-chain smart contracts and scalable coordination mechanisms.
With the completion of the world’s first implementation of ROAST, the Foundation is moving closer to enabling more robust and decentralized financial tools within the Peercoin network. Technology like ROAST when integrated properly into user-facing applications, such as a mobile wallet, makes the blockchain technology human-meaningful and human-centric.
About Peercoin
Peercoin is the original Proof-of-Stake blockchain. It is a 12 year-old, fairly distributed, open-source, and community-driven project. Peercoin is designed around the concepts of energy and economical sustainability, both made possible by its innovation of Proof-of-Stake consensus.
Peercoin is a peer-to-peer protocol in the truest sense because all coin owners have the power to run a full node, produce blocks, and earn Peercoin as a reward. Proof-of-stake is used for Peercoin’s blockchain security, while proof-of-work is only used to distribute new coins for the purpose of creating a wider and fairer distribution.
About Peercoin Foundation
Development of the ROAST Coordinator, the Peercoin Flutter Wallet and other projects are sponsored by the Peercoin Foundation, a non-profit organization established in 2018 with the mission of promoting and supporting the continued development and overall progression of the Peercoin project.
The Peercoin Foundation is sponsored solely from community donations. Please donate to the Foundation to enable it to help improve the general Peercoin ecosystem.
Official Links:
Website – https://www.peercoin.net/
Twitter – https://twitter.com/PeercoinPPC
Blog – https://www.peercoin.net/blog/
Forum – https://talk.peercoin.net/
Telegram – https://telegram.me/peercoin
Discord – https://discord.gg/m294ReV
Foundation – https://www.peercoin.net/foundation
Contact Information:
Email: [email protected]
Disclaimer: The information contained in this press release is for information purposes only and does not constitute investment advice or a solicitation to purchase or invest. The price of Peercoin can be extremely volatile and can fluctuate rapidly in response to market conditions. Before making any investment decisions, you should carefully consider your investment objectives, level of experience, and tolerance for risk.
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