Buy Mining Hardware With Vertcoin VTC
Vertcoin (VTC) is a peer-to-peer cryptocurrency and software project. It is a Bitcoin-like blockchain currency with additional features such as Stealth Address technology and ASIC resistant Proof-of-work (PoW) function. The main difference between Bitcoin and Vertcoin is the latter's resistance to centralized mining and the.
What is Vertcoin? Vertcoin is a digital currency that can be sent between people over the internet. Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably.
Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations. A finite resource similar to gold, you can rest assured that Vertcoin will keep your money safe from vested interests and ensure that transaction fees are proportionate and shared between a large number of miners. With Vertcoin, you can truly be your own bank. Designed to resist centralization Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware. This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment. Specifications Algorithm: Lyra2RE(v2) Generation: 84 million Block time: 2.5 minutes Block Rewards: 25 coins per block Subsidy halves every 840,000 blocks (~4 years) Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well) Premine: Zero About our development team Our development and team of trusted volunteers are working round the clock to be active and work in an open source environment.
We have a wonderful team who are passionate about cryptography, programming & in other fields (Building, Mining & Branding). Our developers and team are all volunteers. If you would like to help and donate. This is our: Note: Any donation is appreciated and will be used for future projects.
An address is the only thing needed to send or receive funds. It can be easily generated from any Vertcoin wallet. Vertcoin addresses always begin with V and contain 26-36 alphanumeric characters. After a transaction is made, funds will usually clear in less than 5 minutes. There is a small fee to help with the upkeep of the network.
This fee is in addition to the transaction amount. A transfer of 100VTC would incur a fee of about 0.001VTC. The Main Network Block Explorer allows users to search all the blocks and transactions on the:. The term mining stands for the process of validating transactions on the Vertcoin network and keeping it secure. In return for work, miners are rewarded with newly generated Vertcoins. Vertcoin offers 'Proof-of-Work (PoW)' method of validating transactions.
Learn more about mining Vertcoin through our guide: Why Mine Vertcoin? The Vertcoin developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware. This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment.
Key Statistics 11/3/2017 Current Price: $3.14, Market Cap: $128.4 Million, Volume (24h): $27.2 Million, Circulating Supply: 40.8 Million VTC, Maximum Supply: 84 Million VTC, Top Markets: Bittrex, Poloniex Summary Vertcoin is a peer-to-peer cryptocurrency similar to Bitcoin but with a few key differences. Deemed “The People’s Coin” by its developers, Vertcoin aims to limit mining centralization through the use of the Lyra2RE(v2) algorithm. Vertcoin’s mining algorithm is ASIC-resistant, meaning it is designed to combat the development of custom mining hardware built specifically for mining Vertcoin. Vertcoin can be mined by ordinary users who may only have access to consumer-grade PC’s. Increased decentralization leads to increased network security and a wider distribution of freshly mined coins. Vertcoin has seen a recent surge in popularity due to its simplicity and the introduction of one-click mining. History Vertcoin was released on GitHub in January 2014.
At launch, Vertcoin was fairly distributed without a premine, ICO, or airdrop. The blockchain has forked twice to address mining centralization vulnerabilities.
The Vertcoin network saw heavy usage following it’s launch, and has seen a recent resurgence which started in mid-2017. Key Distinguishing Features Vertcoin has an active developer community that is continuously pushing out user-friendly products. The is easy to install, and syncs with the blockchain in a couple of hours. The wallet’s clean interface is similar to Bitcoin Core and is simple to use. The killer app for Vertcoin, however, is the new. Vertcoin One-Click Miner The one-click miner can be configured by an average user in just a couple of minutes. Simply enter your Vertcoin address, select the brand of GPU in your PC, and enter your Vertcoin.
A single Nvidia GTX 1070 can get 30 MH/s, good for half a VTC per day or $1.50 at current rates. Vertcoin implemented Segregated Witness (SegWit) in May 2017, about 3 months ahead of Bitcoin. SegWit effectively increases Vertcoin’s blocksize limit and allows for implementation of second-layer systems.
Vertcoin is actively working to implement Lightning Network, which will greatly increase network capacity by moving some transactions off of the blockchain. Finally, Vertcoin Stealth Addresses are in development to increase transaction privacy. Price Catalysts Vertcoin recently rallied on high volume, pushing its price from a low of $1.09 to a high of $5.77, before settling in at around $3. The rally can be partially attributed to the in December. The price movement may also be attributed to increased interest in the one-click miner, which was first introduced in October. Finally, Binance, a Chinese exchange, is Vertcoin this month. This would greatly increase Vertcoin’s Asian exposure which is currently very limited.
Vertcoin Price Chart (1 month) Vertcoin Potential Many cryptocurrency users are upset with how Bitcoin mining has become so centralized. Bitcoin ASICs make it impossible to profitably mine Bitcoin on consumer devices. Ethereum mining has been a popular alternative, but even the simplest Ether miners can be difficult to configure. In addition, Ethereum will be transitioning to proof-of-stake, forcing many miners to decide where to direct their GPU hashing power. Vertcoin offers a profitable mining alternative along with a decentralized approach to network validation with easy-to-use nodes. Asteroid Bitcoin Gold BTG Miner.
Vertcoin is a Bitcoin alternative, and lacks some of the world-changing promise of some recent ICO’s. Unlike most ERC-20 tokens, however, Vertcoin is much more than a white paper. Vertcoin has been around since 2014, surviving two major altcoin cycles.
Vertcoin community involvement has increased as of late, with reddit subscriber growth recently. Vertcoin offers a secure network at a smaller scale than Bitcoin. Vertcoin’s size allows it to implement major changes (SegWit, Lightning Network) in a shorter period of time.
If Vertcoin is able to implement Lightning Network and Cross-Chain Swaps ahead of Bitcoin, it could become a popular platform for third party innovation. It is difficult to predict how many Bitcoin competitors will be allowed in this space, but with a market cap of only $128 Million and a maximum supply of 84 Million VTC, Vertcoin has serious potential to grow. Conclusion With a solid track record, active community, and user-friendly software, Vertcoin is poised to gain market share as some of the larger cryptoassets become inaccessible to everyday users.
Vertcoin has a strong development team, and a clear focus on mining decentralization. The initial VTC distribution and continuous focus on the end users is a throwback to the early days of cryptocurrency.
Vertcoin is sure to attract more users and expand its reputation as a Bitcoin alternative.