Primecoin has Broken Three Major World Records in less than one month of Primecoin’s release. Primecoin is a cryptocurrency network released on July 7th, the first of its kind generating scientific computing values. “In March 2013, I realized that searching for prime chains could potentially be such an alternative proof-of-work system. With some effort a pure prime number based proof-of-work has been designed, providing both minting and security for cryptocurrency networks similar to hashcash type of proof-of-work. The project is named primecoin.” as quoted by Sunny King, the developer of Primecoin (XPM).
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